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Andrews Federal Credit Union
1.81%$1k-Andrews Federal Credit Union60 Month Share Certificate
1.81%$1k-Andrews Federal Credit Union60 Month IRA Certificate (Traditional, Roth, CESA)
1.56%$1k-Andrews Federal Credit Union48 Month Share Certificate
1.56%$1k-Andrews Federal Credit Union48 Month IRA Certificate (Traditional, Roth, CESA)
1.31%$1k-Andrews Federal Credit Union36 Month Share Certificate
1.31%$1k-Andrews Federal Credit Union36 Month IRA Certificate (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of April 28, 2016.

Competitive Long-Term CD Rates at Andrews FCU - Easy Membership


It has been over a year since I last reviewed Andrews Federal Credit Union and its share certificates. It continues to offer competitive certificates that can be opened by people in any state. Its best deals are long-term CDs and IRA CDs. These include a 2.30% APY 5-year CD, 2.05% APY 4-year CD and a 1.55% APY 3-year CD. Minimum deposit is $1,000. These rates are listed in the credit union's rates page as of 1/13/2012.

The credit union's Truth in Savings disclosure provides the CD details including the early withdrawal penalties. The penalty for terms of 2-years and longer is 180 days of interest. Unfortunately, the disclosure gives the credit union the right to refuse an early withdrawal request: "You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal."


As you might expect, membership is open to personnel of Andrews Air Force Base. However, there's an association that you can join if you're not connected with the Air Force Base or other select employer groups. Here's what is stated in the credit union's membership page

Not eligible for Andrews Federal membership through one of the groups listed above? You can become eligible through our partnership with the American Consumer Council (ACC). When you join the ACC, you are eligible for membership at Andrews Federal, too. Membership in the ACC is free. For more information, please call 800.487.5500, option 3.

If you click on the "Open an Account" link on this membership page, you are taken to an Andera.com application. On the second page, if you click on "Association", you can select the option that states "I am interested in joining ACC so I will be eligible for membership at Andrews Federal Credit Union. Click here to join!" The "Click here" link takes you to the page where you can sign up for ACC.

Credit Union Overview

Andrews Federal Credit Union branches are located in Maryland, Washington DC and New Jersey. It has branches in the military bases in Germany, The Netherlands and Belgium. It's also part of the shared branch network CU Service Centers. This network allows you to perform many banking transactions at other credit unions that are part of the network.

The credit union has an overall health score of 5 stars (out of 5) at DepositAccounts.com with a Texas Ratio of 3.88% (excellent) based on September 2011 data. Please refer to our financial overview of Andrews Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 5754).

How These CD Rates Compare

Andrews FCU has some similarities with PenFed. Like PenFed it's main membership focus is the military, but they provide a way for anyone to join online. Also like PenFed, it has very competitive long-term CD rates. Andrews FCU currently has an advantage with slightly higher CD rates for terms of 3 to 5 years. Another plus over PenFed is that the 5-year early withdrawal penalty is only 180 days of interest. PenFed recently increased this penalty to 365 days of interest (see my PenFed CD review).

If you're just looking for the best 5-year CD rate, Melrose Credit Union still has the top spot with a 2.68% APY. These rates are accurate as of 1/13/2012.

Searching for the Best CD and IRA CD Rates

To search for the best nationwide rates and the best rates in your state, please refer to the following sections of DepositAccounts.com:

Related Pages: Andrews Federal Credit Union, New York, Philadelphia, Washington, CD rates, IRA rates

Related Posts

Why? (anonymous)   |     |   Comment #1
Why does the word "anonymous" appear in parentheses after your name if you type your name in the box?
TruthSeeker (anonymous)   |     |   Comment #3
Anyone who buys a three year plus CD at these type of rates has got to be nuts.  The value of our money is dramatically declining with every iteration of quantitative easing.  No, I am not talking about exchange value against things like the Euro.  I am talking about its buying power.  Been to the grocery store lately?  The dollar buys less and less almost everyday.

Let's face it.  Interest rates are going to go way up unless the Fed continues to print, because real rates are highly negative.  The real inflation rate, right now, is 11.2% if the 1980 formula, which did not contain today's governmental statistical gimmicks, is used.  We see it everyday we go shopping, in spite of the government lie, which claims it is around 3%.  For more information about how the government falsifies the CPI statistics, see www.shadowstats.com. 

Bottom line.  There is going to be heavy inflation within the next three years.  That does NOT mean interest rates are going to go up.  The Federal Reserve is a corrupt institution in bed with the biggest debtors in the world, which are the casino-banks like JP Morgan, Goldman Sachs, and Morgan Stanley, who have issued hundreds of trillions of dollars worth of derivatives that bet on low interest rates.  So, rates will stay low for many years.  This can only be accomplished with the Fed printing more and more trillions of new dollars, which devalues each and every dollar that is now in our pockets or our savings accounts.  That's why the true inflation rate is 11.2% already.  It will go much much higher.

In short, keeping money in long term CDs is a sure way to be wiped out.  I don't even hope to convince the majority here, however, because I know that no matter what the true facts are, most of you are still going to blindly put your money into long term CDs.  But, why not use 10% of it to buy, for example, platinum, which is now selling for $150 per ounce less than gold, but which ordinarily sells for much more, and will eventually return to its 2 to 1 gold ratio?  Or gold itself, whose price will be supported and increased both by continued debt problems, QE, and the fact that emerging market central banks are heavily buying it?

Hedge your bets.  Don't let the manipulators on Wall Street wipe you out!  Take part of your savings, and put it into hard currency -- metal is the only hard money.  I did it in 2006, and, I'm not sorry I did.  The only thing I am sorry about is the fact that I only put half of my money into gold at that time...but, I just bought some more platinum on the big dip recently, and I'll buy more if we see prices go down again for any of the metals.
Anonymous   |     |   Comment #4
Truthseeker:  What is it with all the Double-Talk?  One sentence says rates are going up and the next "no way", they are going down!  Can you being a bit more gloomy so maybe we elderly trying to survive can have a giant crying party??  The people in this forum, imo, know what they intend on doing with whatever money they have and don't have to constantly be reminded by the "doomslayers" that the sky is falling.  I have news for you.  When all Hell breaks loose, it's not going to matter if we are hiding in our basements sitting on tons of GOLD!!!  We're ALL going down with the ship!!  Our only hope is to find a way, if we can, of keeping our ship afloat!   Have a great evening folks!
Anonymous   |     |   Comment #6
#4.  One more thing.  Remember, I am talking about the buying power value of your paper money, not the number of dollars, Euros, pounds, or yen.  You will surely have more units of currency, because of the puny interest rates you will get, but they will be worth far less in terms of what they will command in the marketplace.

Honestly, I don't know why I need to argue about this.  They've already done it.  They've increased the base amount of money in the US economy from 800 billion to $3 trillion.  Inflation, as measured under an honest formula, like the 1980 CPI, is already 11.2%.  Go to www.shadowstats.com to learn more.  The proprietor of that site is an economist who uses the base information still collected by the government, removes the gimmicks, and discloses the true CPI, the true M3 money supply (which the Fed conveniently refused to continue to disclose after 2006), the true unemployment rate, etc.

As a saver, and coming from a family of savers, I hope that some of you can be saved from the folly you are now engaging in.  Study the era of the 1970s, learn about stagflation, and consider how much worse the world economy is, today.  We are going to have that type of runaway inflation, except with very low artificial interest rates, for a very long time.
Truthseeker (anonymous)   |     |   Comment #5
Anonymous #4, your lack of economics understanding is what is causing you to believe that my post says that the sky is falling.  It isn't.  You and all the other people who put all their savings into US dollar denominated bonds and CDs will surely be wiped out, in the sense that, in about 5 years, your buying power will be, perhaps, about 1/4th or 1/5th of what it is today, with the same amount of money. 

But the world will not end.  The world goes on, with you poorer and others richer, in real terms.  Honest folks will become poorer, and dishonest ones richer, as the Fed transfers the value of money from the savers, like you, to the speculators at Goldman Sachs, JP Morgan, Morgan Stanley, etc.  This is done through monetary debasement (a/k/a quantitative easing or QE) wherein new dollars are printed, ostensibly, to buy government and mortgage bonds, thereby injecting more dollars into the system.  The fact that more dollars are in the system inevitably over time, will cause existing ones in your pocket and savings account to be worth that much less.  That is why we already have 11.2% inflation as measured by the 1980 government CPI formula.

Rates will NOT go up for a very long time.  ONLY inflation will go up.  Rates will be kept down, artificially, by the process of printing more money to buy bonds.  To the extent that people start refusing to buy bonds, the Federal Reserve will step in to buy all or most of them, printing trillions of new dollars to do so, as it did in 2009-2011. 

The money printing process is not nearly done.  Rates won't be allowed to rise until after many years worth of monetary debasement and ultra-high inflation rates.  Finally, after the inflation devalues the debtor's obligations (including that of our profligate government), the debtors will use the stolen value of your money (even though you may actually have more physical dollars in your pocket and accounts) to pay off debt "cheaply".  Only once they have inflated away the value of the debt, will rates go up, and this will be 5 to 10 years from now.  Meanwhile, they are going to steal your paper money through a process of financial repression, as I've described.

That is why it is important to save in hard currency... that is, the metals.  I bought gold in 2006, and have made 250% on my investment.  I am now buying platinum.  Everyone who would otherwise buy a CD or bond should allocate a certain amount of their fortunes to saving in metal.  I intend to allocate nearly 100% of my money to metal, but, even 10% will leave you with something, rather than 1/4 or 1/5th of the value of your paper money, which is what your CDs are going to end up being worth 3-5 years from now.
Anonymous   |     |   Comment #7
What does any of the previous discussion have to do with Andrews Federal Credit Union???  Would be nice if you would stay on topic.