Fort Knox Federal Credit Union’s promotional CD rates

July 30, 2009 No Comments »

fort knox federal credit unionAfter tracking down the top CD rates in Kentucky we discovered one particular credit union currently running some very noteworthy promotional deposit products. Fort Knox Federal Credit Union out of Radcliff, Kentucky has three promotional CD rate offers which absolutely crush the current national average.

All of their promotional products hold relatively short maturities with “odd-ball” durations. The first is a 7 month CD which is yielding an APY of 2.50%. To put this in perspective the average rate for 6 month CD’s currently sits at around 1.30% APY.

The second is a 11 month CD yielding an APY of 2.60%. To put this in perspective, the current national average for 12 month CDs is around 1.65% APY.

Their third promotional deposit product is the least impressive when pitted against today’s national average. It is a 17 month CD with an APY of 2.75%. The current national average for 24 month CD’s sits at around 2.0% APY, but the top 2 year deposits from our database of online, FDIC-insured banks, yields a slightly higher APY of 2.90%.

Joining Fort Knox Federal Credit Union:

Like most credit unions, this one is particularly hard to join if you don’t fit precisely within their eligibility guidelines. First, if aren’t serving in the military you may have a difficult time obtaining a membership (unless you reside near one of their 12 branches), second if you ARE serving and live outside of Kentucky, then you may be eligible but it will most likely require a physical visit to one of their branches.

Fort Knox Federal Credit Union has seen tremendous growth over the past few years which has allowed them to expand into many neighboring communities. Their latest addition is the Campbellsville Branch, making 12 branch locations across Kentucky in Hardin, Grayson, Meade, Nelson, Boyle and Taylor counties. Currently, Fort Knox Federal Credit Union has over 67,000 members with over $700 million in assets.

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