American Airlines Credit Union Offering Notable Long Term CD Rates

January 6, 2012 1 Comment »

If you happen to be able to join American Airlines Credit Union you may want to check out their long term CD rates. While their 6 month to 2 year CD’s are mediocre (at best) when compared to the top CD rates nationwide, their long term CD’s are demolishing the current national average(s).

As of January 2012, members of AACU can open a 4 year CD yielding 2.02% APY with a $10,000 minimum deposit and a 5 year CD yielding 2.47% APY also with a $10,000 minimum deposit. To put these offers in perspective the current national average for 60 month CD’s sits at roughly 1.60%. And when we conduct our regular surveys of the highest yielding deposits available in individual states, American Airlines Credit Union almost always holds the number 1 spot in states in which they have physical branch locations.

Unfortunately though for most of us these products are off the table. American Airlines Credit Union opens their doors to anyone working in the air transportation industry only. This includes all employees of airports from janitors to traffic controllers as well as government employees such as TSA, FAA, etc. If you have a distant family member who falls under one of these categories you may also be eligible.

Other noteworthy interest bearing accounts from American Airlines Credit Union:

- “Priority Checking Account” yielding 2.27% APY on balances up to $5,000.

- Share IRA certificate ladders with 3 different options. The first option features yields of 2.0% APY on 30 month deposits and 3.25% APY on 60 month deposits. The second option features yields of 0.95% APY on 12 month deposits, 1.31% APY on 24 month deposits, and 2.12% APY on 36 month deposits. The third option features yields of 0.95% APY on 12 month deposits, 1.31% APY on 24 month deposits, 2.12% APY on 36 month deposits, 2.83% APY on 48 month deposits, and 3.29% APY on 60 month deposits.

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  • Corey

    Wow, 2% for a 4 year is not bad compared to others. But, I’m not sure it is worth locking it in for that long if prices could go up.