America’s Christian Credit Union: 4% APY One Year CD On Balances Up To $4,000 [Must Be Christian]

Offer at a glance

  • Interest Rate: 4%
  • Minimum Balance: $1,000
  • Maximum Balance: $4,000
  • Availability: Nationwide, must be a Christian
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Doesn’t seem to be an option
  • Monthly fees: None
  • Insured: NCUA & ASI

The Offer

Direct link to offer

  • America’s Christian Credit Union is offering a 4% APY 1 year CD on balances from $1,000 to $4,000 to new members.

The Fine Print

  • The 12-month term certificate has a $1,000.00 minimum balance and $4,000.00 maximum balance per member.
  • Only new members are eligible.
  • Account must be funded with new funds or funds deposited less than 30 days prior to opening.
  • Early withdrawal penalties do apply which may reduce the principal. At maturity, this Term Share Certificate (TSC) will automatically renew for a 12-month term at the current 12-month TSC rate unless we are notified in writing prior to the maturity date.
  • Offer valid through March 31, 2018.
  • All program rates, offer, terms and conditions are subject to change without notice.
  • Certain restrictions apply.
  • Must qualify for membership. A $2 membership fee may apply. Savings or Checking Account is required to fund the account.
  • The credit union is federally insured by the National Credit Union Administration.
  • Additionally insured by American Share Insurance.
  • An Equal Housing Lender.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This CD doesn’t have any fees to worry about, but you are charged a $2 membership fee to join.

Our Verdict

4% is obviously a great rate on a one year CD, it’s 2% and a bit higher than standard basic savings account rates. The $4,000 maximum isn’t great though. If you compare that to a 2% account you’re basically earning an extra $80 over the year. Personally I think it makes more sense to do a bank account bonus instead of opening a CD like this. There are also a few other accounts that are open to those of the Christian faith only:

Not sure what the fascination is with the 4% CDs, must be a Christian thing. If anybody has any experience with this credit union, please share it in the comments below. Friendly reminder to keep your comments respectful and polite.

Hat tip to Matt K

 
    William Charles
  • On March 3, 2018, 12:00

View Comments (31)

  • hello! I am a Jewish heathen. I would like to know: will i have to prove proof of circumcision to obtain this high rate CD? Will that be a soft or hard pull?

    • No body surgery required. Just try to sign up as they will provide a list and you see witch organization applies to you.

  • I paid to be a member of one of a financial Council therefore I was able to get in that way. any other options you may have to be a member with a written down history of a Baptist or Evangelical Church. this is not the only using to do this there are others as well such as the one in El Paso. Their maximum balance is 2500 for four percent for 18 months

  • People have unreasonable hatred of these religioous CUs, but this one pissed me off. It let you seem like you qualify from almost any denomination with the giant dropdown list, but then at the very end you had to check a box that you agreed with a lengthy faith statement that is pretty specific to their denomination. So I wasted a bunch of time on this app only to have to back out at the last minute.

  • These promos are great, but the discrimination isn't.

    I understand that a CU is a private group, and that private groups can discriminate on religious grounds, but the NCUA is a federal agency, funded by taxpayers, and they insure deposits at these discriminatory organizations?

    How can that be legal?

    • CUs are required to restrict membership, not much difference limiting it to members of a religious organization than limiting it to members of the military or whatever, if anything "Christian" is not discriminatory enough.

      • Except religious discrimination is by the government is illegal. I know its not the govt doing the discriminating, but they are providing insurance to the CU, which is religiously discriminating.

        • True, but the courts basically make up the law as they go for social or political reasons, no one really cares about this CU, while custom wedding cakes made by a private business are significant

          • All laws are made up as they go along. For both social and political reasons. and not by the courts. That’s how laws work. I hope that was a public education you got. I hate to think you paid for it.

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