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Special 42-Month CD at Kemba Credit Union in the Greater Cincinnati Area


Kemba Credit Union has a special 42-month CD with a 2.00% APY. The minimum balance to open and earn dividends is $2.5K, and no bonuses apply. There is a penalty of up to 6 months dividends for early withdrawal. The special rate is listed at the credit union’s CD page as of 6/25/14. Thanks to DA member Shorebreak for posting on this in the forum.

A 42-month CD is an unique length of term, but when compared to the highest earning nationally available 3-year and 4-year CDs, its rate of return falls squarely in the middle (1.75% to 2.25%).

Kemba also has a reward checking account (Get Green Checking) that pays 2.50% APY on balances up to $15K as of 6/25/14.

1.50*%-$15kKemba Credit UnionGet Green Checking
Accounts mentioned in this post. Rates as of May 25, 2016.

Membership is open to anyone who lives in the Greater Cincinnati area and holds a Kroger Plus Card. Membership is also open to those who live, work, worship or attend school in one of the following Ohio counties: Adams, Brown, Butler, Clark, Clermont, Clinton, Darke, Greene, Hamilton, Highland, Miami, Montgomery, Preble and Warren, or in one of the following Kentucky counties: Boone, Campbell, Carroll, Gallatin, Grant, Kenton, Owen, Pendleton. Membership is also available for those who live or work in Indiana counties of Dearborn or Franklin. Refer to the credit union's eligibility page for the full details. Membership requires a minimum balance of $5 in the savings account.

Branches are located in Ohio cities of Cincinnati, Amelia, Harrison, West Chester. In addition, there are branches located in Bluffton, Indiana and Florence, Kentucky.

The credit union has an overall health grade at DepositAccounts.com of an A+ with a Texas Ratio of 2.13% (excellent) based on March 2014 data. Please refer to our financial overview of Kemba for more details. The credit union is federally insured by the NCUA (Charter # 61810).

Related Pages: Kemba Credit Union, Fort Wayne, Cincinnati, CD rates

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paoli2   |     |   Comment #1
One addition.  I don't live in the area listed but since I have a Kroger Plus card and a great sense of humor, they are allowing me to become a member  My membership packet is supposed to be in the mail.  So if any posters really want to take advantage of this CD, they might see if they can get a membership even if out of range with their Kroger Plus card.    
Braden   |     |   Comment #4
That is stated in their field of membership requirements. 
Braden   |     |   Comment #5
and Ken's article. Good find Shorebreak and for the article Ken.
paoli2   |     |   Comment #6
Braden:  Would you please post where you found Kemba's field of membership requirements?  I could not find anything about this on their site.  Thanks.
Anonymous   |     |   Comment #7
Everyone lives in the "greater" Cincinnati area...you can define that
paoli2   |     |   Comment #9
#7    "Everyone lives in the "greater" Cincinnati area.."
By whose definition?  Is California or Texas included? They even show counties one has to be in.  You must have missed that page.
paoli2   |     |   Comment #8
Please ignore this request.  I was able to finally find the Membership requirements on their site and found the info.  Thanks anyway.
paoli2   |     |   Comment #10
Just an update on Kemba membership requirements.  I was just informed that since my Kroger Plus Card does not have "Tri-County Blvd., Ohio" on the back and has a different address for card, I am not eligible to become a member after all.  I am glad I found out before returning all the needed Identity documents and check for savings and membership fee.  No big deal.  Plenty of other credit unions to join if I need one.  Seems "Greater Cincinnati" area is not really that great!