Best of

7 Best Credit Union CD Rates

Spencer TierneyNovember 14, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Summary of Best Credit Union CD Rates

Bank1-year APY3-year APY5-year APYMinimum DepositLearn More
Alliant Credit Union

Alliant Credit Union

2.05%

2.15%

2.20%

$1,000

Connexus Credit Union

Connexus Credit Union

2.20%

2.50%

2.60%

$5,000

First Tech Federal Credit Union

First Tech Federal Credit Union

2.10%

2.15%

2.20%

$500

Service Credit Union

Service Credit Union

2.00%

2.30%

2.30%

$1,000

Navy Federal Credit Union

Navy Federal Credit Union

2.10%

2.25%

2.40%

$1,000

America First Credit Union

America First Credit Union

1.95%

2.30%

2.40%

$500

PenFed Credit Union

PenFed Credit Union

1.70%

1.80%

1.85%

$1,000

Bank1-year APY3-year APY5-year APYMinimum DepositLearn More
Alliant Credit Union

Alliant Credit Union

2.05%

2.15%

2.20%

$1,000

Connexus Credit Union

Connexus Credit Union

2.20%

2.50%

2.60%

$5,000

First Tech Federal Credit Union

First Tech Federal Credit Union

2.10%

2.15%

2.20%

$500

Service Credit Union

Service Credit Union

2.00%

2.30%

2.30%

$1,000

Navy Federal Credit Union

Navy Federal Credit Union

2.10%

2.25%

2.40%

$1,000

America First Credit Union

America First Credit Union

1.95%

2.30%

2.40%

$500

PenFed Credit Union

PenFed Credit Union

1.70%

1.80%

1.85%

$1,000

1-year APY

2.05%

3-year APY

2.15%

5-year APY

2.20%

Minimum Deposit

$1,000

Alliant offers high annual percentage yields on certificate rates, low minimum deposit requirements and membership to anyone who agrees to support Alliant's partner charity, Foster Care to Success. The credit union makes a $5 donation on your behalf.

Read full review
1-year APY

2.20%

3-year APY

2.50%

5-year APY

2.60%

Minimum Deposit

$5,000

Connexus Credit Union offers few share certificates, but each one has a solid rate. The minimum is somewhat high compared to other credit unions. To become a member, you can make a $5 donation to the nonprofit Connexus Association.

Read full review
1-year APY

2.10%

3-year APY

2.15%

5-year APY

2.20%

Minimum Deposit

$500

First Tech Federal, as its name suggests, focuses on banking services for people who work at technology-driven companies, but lets anyone join by becoming a member of the nonprofit Financial Fitness Association for $8. The share certificates have competitive rates, and there’s a low minimum to open.

Read full review
1-year APY

2.00%

3-year APY

2.30%

5-year APY

2.30%

Minimum Deposit

$1,000

Service Credit Union mainly serves those with military backgrounds as well as people who live or work in New Hampshire or parts of Massachusetts. Its range of high certificate rates and a relatively low minimum make for a solid combination.

Read full review
1-year APY

2.10%

3-year APY

2.25%

5-year APY

2.40%

Minimum Deposit

$1,000

As the largest credit union nationwide, Navy Federal also boasts an impressive range of share certificate rates. To join, you generally need to be affiliated with the military or have family that is.

Read full review
1-year APY

1.95%

3-year APY

2.30%

5-year APY

2.40%

Minimum Deposit

$500

America First members mainly must reside in one of several counties in Utah, Arizona, or Nevada, or work in the food industry in Utah. Its share certificates’ minimum is low and rates tend to be high.

Read full review
1-year APY

1.70%

3-year APY

1.80%

5-year APY

1.85%

Minimum Deposit

$1,000

Pentagon Federal mainly serves those who serve in the military and their families, along with a few other eligibility situations such as working under certain employers. PenFed’s money market certificates, what it calls its standard CDs, range from six months to seven years, with high rates across the board. And the minimum to open is low.

Read full review

» Want to see more CD options? Check out our list of the best CD rates overall

How do CDs at banks and credit unions differ?

Banks are for-profit institutions while credit unions are nonprofits. Your banking needs for CDs can generally be met at either.

Do banks or credit unions offer better rates?

On average, you can find credit unions with higher rates than traditional banks. However, online banks tend to be better than both, offering some of the best rates available.

» Curious about other savings options? Check out NerdWallet’s best high-yield online savings accounts

Best 1-year credit union CD rates

  • America First Credit Union: 1.95% APY.
  • Alliant Credit Union: 2.05% APY.
  • Connexus Credit Union: 2.20% APY.
  • Service Credit Union: 2.00% APY.
  • First Tech Federal Credit Union: 2.10% APY.
  • Navy Federal Credit Union: 2.10% APY.
  • Pentagon Federal Credit Union: 1.70% APY.

Last updated on November 14, 2019

Methodology

We took a close look at some of the nation's largest credit unions, based on deposits as well as broad-based membership requirements, in addition to other notable credit unions in the industry. Higher rates might be available elsewhere.