Here Are the Highest CD Rates at Credit Unions

Take advantage of a credit union CD and get great rates plus insurance.

You can boost your bottom line by comparison shopping for financial products — like checking out certificates of deposit at various credit unions — just like you do for groceries, electronics and cars. Getting the best CD rate means you’ll be making more money on your investment, so it literally pays to find the highest interest rate possible.

Find out now the best rates on credit union CDs by reviewing the chart — and learn everything else you need to know about investing in one. Once you know where to find the best savings rates, you can take your investment strategy to the next level by laddering your CDs.

The Highest CD Rates at Credit Unions
Credit Union  1-Year CD Rate (APY)   3-Year CD Rate (APY)   5-Year CD Rate (APY) 
Alaska USA Federal Credit Union 0.80% 1.65% 2.06%
 Alliant Credit Union Alliant Credit Union 1.35% 1.60% 2.05%
  America First Credit Union 1.25% 1.75% 2.55%
  American Airlines Federal Credit Union 1.36% 1.92% 2.52%
  Bethpage Federal Credit Union 1.00% 1.80% 2.25%
  Boeing Employees Credit Union 0.35% 0.50% n/a
Citizens Equity First Credit Union 0.40% 1.25% 1.76%
Consumers Credit Union 0.15% 0.45% 1.60%
  Dearborn Federal Credit Union 0.25% 0.40% 0.80%
  Delta Community Credit Union 0.75% 1.25% 1.65%
  Desert Schools Federal Credit Union 0.50% 1.25% 1.60%
 digital federal credit union Digital Federal Credit Union 1.01% 1.31% 1.75%
  Eastman Credit Union 1.25% 1.60% 2.10%
  Ent Federal Credit Union 0.90% 1.50% 1.90%
  ESL Federal Credit Union 0.20% 0.45% 0.55%
  First Tech Federal Credit Union 0.60% 1.35% 1.75%
  Hudson Valley Federal Credit Union 0.55% 1.25% 1.65%
  Kinecta Federal Credit Union 0.85% 1.40% 2.05%
 lake michigan credit union Lake Michigan Credit Union 0.05% 1.05% 1.80%
  Logix Federal Credit Union 0.35% 0.70% 1.10%
Mountain America Credit Union 1.20% 1.75% 2.50%
  Navy Federal Credit Union 1.25% 1.65% 2.00%
  OnPoint Community Credit Union 0.55% 1.00% 1.50%
Patelco Credit Union 0.75% 1.35% 2.00%
 PenFed PenFed Federal Credit Union 0.85% 1.00% 1.30%
  Pennsylvania State Employees Credit Union 1.00% 1.75% 2.25%
Police and Fire Federal Credit Union 1.25% 1.70% 2.00%
Randolph-Brooks Federal Credit Union 1.21% 1.61% 1.97%
Redstone Federal Credit Union 0.60% 1.35% 1.45%
San Diego County Credit Union 0.35% 1.05% 1.95%
 Security Service Federal Credit Union Security Service Federal Credit Union 1.20% 1.60% 2.00%
Space Coast Credit Union 0.30% 0.95% 1.86%
  Star One Credit Union 1.19% 1.29% n/a
  State Employees’ Credit Union 1.00% 1.50% 1.75%
 suncoast credit union logo Suncoast Credit Union 0.80% 1.50% 2.00%
  Teachers Federal Credit Union 1.00% 1.80% 2.25%
  The Golden 1 Credit Union 0.30% 0.85% 1.44%
  Tinker Federal Credit Union 0.60% 1.25% 1.35%
Tower Federal Credit Union 0.45% 0.75% 1.10%
  United Nations Federal Credit Union 1.00% 1.55% 1.80%
  Visions Federal Credit Union 0.65% 1.11% 1.92%
VyStar Credit Union 0.86% 1.25% 1.90%
Wescom Credit Union 1.00% 1.65% 2.25%
Wings Financial Credit Union 0.75% 1.30% 1.90%
Rates accurate as of Aug. 1, 2017, except for PenFed, which is accurate as of today.
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See: Complete CD Tax Guide — From Death Taxes to Interest Income Taxes

How Term Lengths Impact Credit Union CD Rates

Credit unions offer a higher APY on CDs with longer terms because you contract to leave the money in the account for a longer period of time. For example, America First Credit Union offers the highest 60-month CD interest rate at 2.55 percent but offers less than half of that — 1.25 percent — on a 12-month CD. Similarly, American Airlines Federal Credit Union leads the pack with a rate of 1.36 percent for its 12-month CD — and it pays 1.92 percent for a 36-month CD and 2.52 percent for a 60-month CD.

Related: 10 Best Credit Unions for CD Rates 

How Deposit Amounts Impact Credit Union CD Rates

When you compare CD rates at credit unions you’ll find you’ll earn different interest rates depending not only on the CD’s term but for the amount you invest as well. Typically, the highest rates are for large deposits. For example, at Navy Federal Credit Union you can earn 1.25 percent on a 12-month CD if you invest at least $1,000, but if you invest $100,000 or more the interest rate increases to 1.30 percent.

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Additional Credit Union CD Features

Some CDs offer additional features that might make it worth accepting a lower interest rate. For example, United Nations Federal Credit Union lets you invest in a 30-month CD that pays 1.44 percent — and if interest rates rise during the CD’s term, you can increase its rate.

If you can take advantage of rising rates without terminating your CD and incurring an early withdrawal penalty, it might be worth considering. Although you could get a 1.8 percent interest rate on a 36-month CD at either Bethpage Federal Credit Union or Teachers Federal Credit Union, you might decide the potential rate increase is worth the lower starting rate.

Related: Here’s How Often CD Rates Change

Credit Union CD Insurance

Credit union products — including CDs are covered by NCUA insurance instead of FDIC insurance. The insurance protects your investment for up to $250,000 — per person, per credit union, per account — in the event the credit union goes out of business. For example, if you have $200,000 in CDs at Credit Union A and another $220,000 in CDs at Credit Union B, your entire $420,000 is covered because you are under the $250,000 limit at each credit union.

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Joining a Credit Union

To take advantage of these credit union rates, you often have to meet certain criteria to join the credit union, such as living in a certain area, working for a certain company or industry or being an association member. That said, some credit unions allow anyone to join, so it’s worth your while to do your research when looking for one.

Related: How To Find and Use Your VyStar Login

About the Author

Michael Keenan

Michael Keenan is a writer based in the Kansas City area, specializing in personal finance, taxation, and business topics. He has been writing since 2009 and has been published by Quicken, TurboTax and The Motley Fool.

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