Fort Campbell Federal Credit Union based out of Clarksville, Tennessee has some superb short-term CD (certificate of deposit) rates. Currently, with a minimum deposit of $1,000 you can receive a 90 day or 3 month CD yielding 1.70% APY. To put this offer in perspective, the national average for 6 month CD rates only sits at 0.98% APY. Also, with a minimum deposit of $1,000, Fort Campbell Federal Credit Union is offering it’s members a 6 month CD yielding 1.90% APY.
To invest in any of these NCUA-insured (FDIC equivalent for credit unions) products you must first become a member.
Becoming A Member at Fort Campbell Federal Credit Union:
Membership is available to anyone who lives, works, worships or attends school in Montgomery or Stewart counties in Tennessee or Christian, Trigg or Todd counties in Kentucky.
Since 1954 Fort Campbell Federal Credit Union served the military and their families posted at Fort Campbell. They have since expanded to include offering their financial services to everyone in their local community. Today, the Credit Union has more than 36,000 members worldwide, with over $345 million in assets, offering a complete range of products and services.
CD (Certificate of Deposit) Rates offered by Fort Campbell Federal Credit Union
|Account Type||Term||Min. Opening Dep.||Rate||APY*|
|Share Fixed||90-180 Days||$1,000||1.690%||1.70%|
|Share Fixed||6 Months||$1,000||1.885%||1.90%|
|Share Fixed||12 Months||$1,000||2.083%||2.10%|
|Share Fixed||18 Months||$1,000||2.183%||2.20%|
|Share Fixed||24 Months||$1,000||2.380%||2.40%|
|Share Fixed||30 Months||$1,000||2.428%||2.45%|
|Share Fixed||36 Months||$1,000||2.574%||2.60%|
|Share Fixed||48 Months||$1,000||2.771%||2.80%|
|Share Fixed||60 Months||$1,000||3.064%||3.10%|
You may want to consider locking in a longer term deposit, say 4 year or 5 year, so that you’ll still be earning 3.0 percent plus annually as rates as a whole crumble. The FED has noted 2014 as the general time-frame of when they will even consider raising rates again. Until this time expect rates to be historically low in an attempt to stimulate borrowing amongst both individuals and small businesses. A number of economic conditions will need to change in a positive way before anyone can safely expect interest rates to rise again.