Ascend Federal Credit Union is offering a few competitive CD rates. Two of the best include the 2.17% APY 3-year CD and the 2.68% APY 5-year CD. Minimum deposit is $1,000. There's also a special 15-month CD with a 1.31% APY. This is called the Member's Advantage Share Certificate. It allows one additional deposit of at least $1K and a one-time option to bump up the rate. Minimum deposit is $5K. These rates are listed in the credit union's rates page as of 1/20/2011.
As compared to internet banks on 1/20/2011, the best 5-year CD rate is 2.75% APY at Salem Five and the best 3-year CD rate is 2.00% APY at OneWest Bank. For credit unions with easy membership, the best 5-year CD rate is 2.93% APY at Melrose Credit Union and the best 3-year CD rate is 2.25% APY at Fort Knox FCU.
Membership into Ascend FCU is open to those who live, work, worship, or attend school in certain areas of Tennessee. People 50 and over can qualify from additional parts of Tennessee by joining the 50 Plus Club. Please refer to the credit union's membership page for the full detals. Membership requires a minimum balance of $5 in the share savings account.
Branches are located in Nashville, Columbia, Franklin, Tullahoma, Winchester, Lewisburg, Manchester, McMinnville, Murfreesboro, Shelbyville and Smyrna.
It's a sizable credit union with $1.37 billion in assets. The credit union has an overall health score at DepositAccounts.com of 5 out of 5 with a Texas Ratio of 2.35% (excellent) based on September 2010 data. Please see our financial overview of Ascend Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 7397).
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.