Thanks to BankVibe.com reader Stacey for forwarding us this 15 month CD special being offered through Aspire Federal Credit Union. Currently with a minimum deposit of at least $1,000 you can open a 15 month certificate yielding 1.51% APY. To put this offer in perspective the national average for 12 month CD rates sits at just 1.20% APY with the highest 12 month CD rates paying 1.75% APY.
Aspire Federal Credit Union, originally known as FAA Eastern Region Federal Credit Union, was originally founded in 1948 to serve a small group of Civil Aeronautics Administration employees (currently the Federal Aviation Administration).
In the beginning Aspire had just had seven people who pooled together shares of $5.00 each to initiate the original charter. Today, Aspire FCU is a $175 million dollar credit union, serving approximately 20,000 members within many diverse employee groups throughout the northeastern United States. Aspire FCU is a not-for-profit financial cooperative, which means all earnings at the end of the year are returned to our members in the form of better, low-cost financial services.
Unfortunately for most of us, this offer may be off the table. You must first become a member of Aspire Federal Credit Union to take advantage of the 15 month CD promotion. If you live in the northeast, mainly New Hampshire, New Jersey, New York or Virginia you will most likely be able to join. For the rest of us, unless you have family members in those regions or work for a select group of employers, you probably will not be eligible.
15 month CD rate promotion (details and features):
- minimum deposit of $1,000 required
- no maintenance fees
- fees may apply for early withdrawal
- NCUA insured up to $250,000