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Apple Federal Credit Union

Small and Large CD and Checking Account Deals at Apple FCU in Virginia - Easy Membership


Apple Federal Credit Union has several good deals on CDs and checking accounts. First is a 5.00% APY 5-month CD promo that's only available at their Falls Church branch. Maximum deposit is only $3,000, and there's a limit of one per household. This special is not listed at the credit union's website. Readers have mentioned this special, and I just called to verify that it's still available. According to the CSR, it's scheduled to end on 9/06/09. With a $3,000 balance, you'll earn about $37 more in this CD than if it were in a 2% CD.

For those with larger savings, Apple FCU continues to offer competitive long-term CD rates including a 3.70% APY 60-month CD for a minimum deposit of $50,000 (3.60% for a $500 minimum). According to the CSR, the early withdrawal penalty for the 60-month CD is 180 days of interest. There's also a 4.00% APY 10-year CD and a 3.80% APY 84-month CD. Minimum deposit for these CDs is $500. They're available as both regular and IRA certificates. These rates are listed at the credit union's rate table as of 8/18/09. The table has an effective date range of 8/12/09 to 8/18/09. Hopefully, they won't change tomorrow.

Update 8/20/09: Apple FCU's CD rates actually went up!!! The following rates are scheduled to be valid through 8/25/09. The competitive long-term CD rates for a $500 minimum deposit include:
  • 3.70% APY 60 month
  • 4.00% APY 84 month
  • 4.20% APY 120 month
For a $50K minimum, the 60-month APY is 3.80%. A reader also reported on the early withdrawal penalties:
  • 180 days of interest for the 60 month CD
  • 1,095 days for the 84 and 120 month CD
Checking Account Bonuses and Deals

The credit union has an August promotion for its checking account. You can earn $50 for opening a new Apple Checking with a free Apple Visa check card. The only requirement is that you make at least one credit-based purchase with the check card totaling $25 or more. It must be the member's first Apple FCU checking account, and the account must be opened by 9/30/09.

The credit union also has a high-yield checking account called Investors Checking which pays 4.00% APY on balances up to $20,000 (1% over). ATM surcharges are refunded daily, up to $15 per month. There's no minimum balance requirement. The one big downside is unique. It requires that you maintain a monthly balance of $10,000 or more in investment products with Apple Financial Services.


Credit union membership is open to members of Northern Virginia Athletic Directors, Administrators, and Coaches Association (NVADACA). NVADACA is listed in the credit union's field of membership list. Membership into NVADACA is open to anyone. There is a $20 membership fee. For more ways to be eligible to join Apple FCU, please refer to the credit union's Membership Page. Membership requires a minimum balance of $5 in the regular savings account.

According to a credit union reprentative, they do a soft hit through Equifax on a new membership application. There's no hard pull.

Apple FCU is located in Fairfax, Virginia and has additional branches in Centreville, Falls Church, Herndon, Manassas, Alexandria, Springfield, Stafford, Winchester, Woodbridge and Washington, DC.

The credit union is federally insured by the NCUA (Charter # 11307).

Thanks to the readers who mentioned the 5% CD special

Other Competitive Certificate of Deposit Rates

Related Pages: Apple Federal Credit Union, Washington, CD rates, checking account

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Anonymous   |     |   Comment #1
Rates were just increased today August 19, 2009.

60 Month - 3.70% APY
84 Month - 4.00% APY
120 Month - 4.20% APY

60 Month Jumbo - 3.80% APY - (50K+)
Mary (anonymous)   |     |   Comment #2
Call to Apple CSR to inquire about penalty on early withdrawals:
60 Months the penalty is 180 days interest
84 Months the penalty is 1,095 days interest
120 months the penalty is 1,095 days interest
Banking Guy
Banking Guy (anonymous)   |     |   Comment #3
Glad to see the rates go up for a change!

Mary, thanks for the early withdrawal penalty info. Those are large penalties for over 60 months.