It’s been a good year since we’ve posted anything from AmeriCu and since they significantly improved their Share Certificate product, it’s almost necessary that we mention them. With AmeriCu Credit Union, you can grab a Share Certificate from a 32-89 Day’s term for 0.30% APY to 60-72 Month’s term for 2.15% APY. If you have a little more that you want to put into your minimum deposit, then you can take advantage of their Jumbo Share Certificates for up to 1.14% APY on their 3 month’s termed CD to 1.54% APY for their 12 Month Jumbo CD. They also have IRA certificates too, so there’s a wide flexibility in options you can choose from with CDs that you can’t really get from other credit unions.
AmeriCU Credit Union CD Summary:
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- Account Type: CD account
- APY Rates:
- 0.30% – 32 to 89 days
- 0.50% – 3 to 5 month
- 0.80% – 6 to 11 month
- 1.44% – 12 to 23 month
- 1.54% – 24 to 35 month
- 1.74% – 36 to 47 Month
- 1.88% – 48-59 Month
- 2.13% – 60-72 Month
- Jumbo (min. balance $100,000)
- 0.75% – 3 months
- 0.90% – 6 months
- 1.54% – 12 months
- Availability: NY
- Soft/Hard Pull: Soft Pull or Hard Pull? Let us know
- Minimum Balance Requirement: $50 for Traditional; $100,000 for Jumbo; $1,000 for IRA Certificate
- Additional Requirements: None
- Early Withdrawal Fee: A penalty may be imposed for early withdrawal of up to 3 months (90 days) worth of dividend for Certificates with a term of 12 months or less and a loss of up to 6 months (180 days) for Certificates with a term of more than 12 months.
- Auto-Renewal: This account will not automatically renew at maturity.
AmeriCU Best CD Rates:
A quick glance at AmeriCU Credit Union, even with the significantly improved CD rates, it’s unfortunate that we have to say that they don’t necessarily have the best low-termed CD rates nor do they have the best long-termed CD rates, but they do satisfy our compiled list of Best 1-Year CD Rates, on the premise that their Jumbo Certificate shows a 1.54% APY on their 12 Month CD term, however, with a $100,000 minimum deposit requirement to attain this rate, it can dissuade a good sum of you, including me.
AmeriCU CD Account Features:
- Minimum opening deposit requirement of $50 for Traditional; $1,000 for IRA; $100,000 for Jumbo
- Flexible CD Terms from 1 Month to 72 Months
- Low-risk Investment
- Interest is compounded daily and credited monthly
- NCUA Insured up to $250,000
Conclusion:
The way that AmeriCu Credit Union runs their CD rates is kind of unorthodox comparative to the many CD rates that we’ve reviewed. They seem to have their CD Rates not only tiered by CD terms, but by relationship tier as well. If you look at their Share Certificate Rates, you’ll see that their rates are also categorized by “Core,” “Flex/Connect,” “Connect Plus,” and “Partner.” With so much options, I feel that they’ve compromised their Share Certificate product’s rates of return solely on how much options there are. I was really hoping to see some consistently attractive rates across the board, however, if you’re not interested at the moment, be sure to also see our complete list of the Best National CD Rates for all your banking needs!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
 With the American Express® High Yield Savings Account: • Earn 1.90% APY as of 9/15/22 on your deposits. Your High Yield Savings account earns interest daily and is posted to your account monthly. • Links easily with your current bank accounts. No need to switch banks. • FDIC Insured. Your account is insured to at least $250,000 per depositor. • 24/7 Account Access |
