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Best Credit Union CD Rates

May 13, 2019
Banking, CDs
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Credit unions tend to have better savings rates than traditional banks, and some even compete with online banks’ rates. Share certificates — as credit unions call their certificates of deposits — have terms that range from several months to years, with minimum deposits varying by institution.

Unlike banks, credit unions can restrict membership based on geography, employer and other criteria, so be sure to check eligibility requirements. Here’s a look at some of the best credit union CD rates.

Best Credit Union CD interest rates

Alliant Credit Union

4.5 NerdWallet rating

• 1-year: 2.50% APY
• 3-year: 2.60% APY
• 5-year: 2.70% APY
• Minimum deposit: $1,000
• Membership: Easy to join

Connexus Credit Union

4.5 NerdWallet rating

• 1-year: 2.40% APY
• 3-year: 2.70% APY
• 5-year: 2.80% APY
• Minimum deposit: $5,000
• Membership: Easy to join

First Tech Federal Credit Union

at First Tech Federal Credit Union,

Federally insured by the NCUA

First Tech Federal Credit Union

4.0 NerdWallet rating

• 1-year: 2.30% APY
• 3-year: 2.45% APY
• 5-year: 2.60% APY
• Minimum deposit: $500
• Membership: Easy to join

Service Credit Union

at Service Credit Union,

Federally insured by the NCUA

Service Credit Union

4.5 NerdWallet rating

• 1-year: 2.15% APY
• 3-year: 2.65% APY
• 5-year: 2.75% APY
• Minimum deposit: $1,000
• Membership: Restricted

Navy Federal Credit Union

4.0 NerdWallet rating

• 1-year: 2.25% APY
• 3-year: 2.60% APY
• 5-year: 3.50% APY
• Minimum deposit: $1,000
• Membership: Restricted

America First Credit Union

at America First Credit Union,

Federally insured by the NCUA

America First Credit Union

4.0 NerdWallet rating

• 1-year: 2.75% APY
• 3-year: 2.60% APY
• 5-year: 2.70% APY
• Minimum deposit: $500
• Membership: Restricted

Pentagon Federal Credit Union

4.0 NerdWallet rating

• 1-year: 2.10% APY
• 3-year: 2.35% APY
• 5-year: 2.45% APY
• Minimum deposit: $1,000
• Membership: Restricted

» 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. Some features and services go by different names:

DescriptionBank nameCredit union name
A type of savings account that has a fixed termCertificate of deposit (CD)Share certificate
The money you earn in a CD or share certificateInterestDividends
Person who has an account at the institutionCustomerMember
Federal insurance on banking accountsFederal Deposit Insurance Corp.National Credit Union Administration

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 Credit Union CD rates

Financial institutionAPYTermMinimum deposit
Alliant Credit Union2.50%-2.70%1 - 5 years$1,000
Connexus Credit Union


2.40% - 2.80%


1 - 5 years


$5,000


First Tech Federal Credit Union1.25%-2.60% APY6 months - 5 years$500
Service Credit Union0.75%-2.75% APY3 months - 5 years$1,000
Navy Federal Credit Union1.30%-3.10% APY3 months - 7 years$1,000
America First Credit Union1.25%-2.70% APY3 months - 5 years$500
Pentagon Federal Credit Union2.05%-2.50% APY6 months - 7 years$1,000

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.

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