This deal has expired, click here for the best CD & savings rates.
Offer at a glance
- Interest Rate: 2% APY
- Minimum Balance: $500
- Maximum Balance: $10,000
- Availability: Anybody can join by becoming a member of the American Consumer Council
- Credit card funding: None
- Insured: NCUA
The Offer
- NRL Federal Credit Union is offering a one year CD with a 2% APY as part of their member appreciation day. Offer is valid from October 14th until October 21st, 2017.
The Fine Print
- Offer limited to one Certificate per primary member.
- Checking account is required for eligibility.
- Minimum deposit of $500 required.
- Maximum deposit of $10,000 .
- Funding using a credit card is not permitted.
- Loyalty Rewards do not apply.
Our Verdict
In 2016 they offered a 7% CD and you could fund up to $9,000 with a credit card. As far as I know they don’t allow credit card funding anymore. 2% is higher than all of the basic savings interest rates currently, but it’s only 0.5% more than the current top rate. It’s also significantly lower than the high interest rewards accounts offering up to 5% with a little bit of work. This might be useful for people who want to lock some funds into a decent rate for 1 year. It’s a shame that they didn’t think repeating the 7% APY offer with credit card funding was a good idea.
Hat tip to readers Rodney M & R.
