UT Federal Credit Union (TN) Has 9-Month Leap Day CD Special
Now through February 29, 2020, UT Federal Credit Union (UTFCU) is offering a 9-month Leap Day CD Special, earning 2.29% APY. The minimum opening deposit is $1k of new money, which is defined as funds not currently on deposit with UTFCU.
According to CSR, the Early Withdrawal Penalty is 90 days of interest on the amount being withdrawn.
Availability
Headquartered in Knoxville, Tennessee, UT Federal Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, regularly conduct business, attend school, or volunteer in the Tennessee counties of Anderson, Blount, Knox, Loundon, or Union, eligible to join.
Family members of current UTFCU also qualify for membership.
Joining UTFCU and/or opening a Leap Day CD Special can be done online, or at any of seven Tennessee branches located in Knoxville (5), Martin, and Memphis. UTFCU also has an in-school branch at Knoxville’s West High School, with access limited to the school’s faculty, staff, and students.
You may become a member of UT Federal Credit Union by opening a Primary
Savings Account. A minimum balance of $5 is needed to open a savings account.
UTFCU participates in both the CO-OP Shared Branch and ATM networks.
Conveniently make deposits and withdrawals, transfer funds, or make loan
payments to your UTFCU accounts at more than 5,000 locations nationwide.
Credit Union Overview
UT Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 0.55% (excellent) based on September 30, 2019 data. In the past year, UTFCU has increased its total non-brokered deposits by $27.56 million, an excellent annual growth rate of 10.81%. Please refer to our financial overview of UT Federal Credit Union (NCUA Charter # 19448) for more details.
Established in 1969, UT Federal Credit Union’s founding FOM was exclusive to University of Tennessee faculty, staff, and students. UTFCU’s original branch was located on the UT campus for more than twenty years, with a move to an off-campus building occurring in the early 1990s. UT Federal Credit Union is currently Tennessee’s 18th largest credit union, with more than 24,000 members and assets in excess of $316 million.
How the Leap Day CD Special Compares
When compared to 233 similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and require a similar minimum deposit, UT Federal Credit Union’s 9-month Leap Day CD Special APY currently ranks first.
The above rates are accurate as of 2/27/2020.
To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.
