Update 7/24/23: Offer is back now, 9 months this time.
Update 6/7/23: Offer ended early
The Offer
- Andrews FCU is offering a 9 month CD with a special 5.75% APY interest rate.
Anyone can join by Andrews FCU by joining American Consumer Council for $8.
The Fine Print
- Offered APY effective as of June 1, 2023 through September 30, 2023.
- $1,000 minimum to open and maintain the account, and earn the advertised APY.
- Maximum balance allowed is $250,000.
- APY will remain in effect for the term of the share certificate but may change each time the share certificate is renewed. Penalties apply for early withdrawal. Fees may reduce earnings on the account.
- The credit union reserves the right to change offered rates at any time.
- Limit of 1 (one) 7.5 month special share certificate per membership (7.5 month term = 229 days).
- Dividends are compounded and credited quarterly.
- Deposits are insured up to at least $250,000.00 per individual depositor by NCUA. Visit mycreditunion.gov for more information on share insurance coverage.
Our Verdict
This now tops all rates for Best High Yield Accounts. The previous winner was NASA FCU who recently upped their top rate from 5.50% to 5.65%, and falls slightly short of this new 5.75% high from Andrews FCU.
Hat tip to readers Snowbird and Davis
View Comments (59)
Did anyone receive the dividend for August? I deposit fund on Aug 2nd but have not received the dividend nor the August statement so far.
Andrews credits interest every quarter rather than every month.
I opened the account on 7.27 and deposit the fund on 8.2. I received the statement for July but have not received the statement for Aug. Also there are no dividends posted for Aug. Is this expected? Did anyone receive dividend for Aug? When will they post it? TIA
Just transferred money into Andrews on Monday. Then could not find this 5.75% CD anymore :-( Promotion dead?
It seems so. This promo lasted longer than the previous one.
Expired. Darn it.
I just clicked on the link. Looks like it's back down to 5%
I just clicked on the link and the highest I saw was 5%.
"The credit union reserves the right to change offered rates at any time"
I am getting an error on the payment page trying to register with American Consumer Counseling. I tried 3 different Visa cards and all resulted in the same error. Have you guys encountered anything like this?
"There was a problem with the credit card transaction. Please hit the back button on your browser and try again.
Error reported by credit card processor: 3-13-The merchant login ID or password is invalid or the account is inactive.-"
Do you get a Chex hit if you just open a cd?
I was told by chat that there wouldn't be a Chex inquiry. If there is one, I will likely dispute it with Chex like I did last time.
These CD deals never seem worth the effort to me. 6 month treasury is 5.55%.
And state tax free so that's superior for many.