A+ Federal Credit Union provides versatile certificates of deposit options that allow the members to seek investments in a very competitive industry. If you are in a not-for-profit financial institute in the Texas area, this will provide you with a huge opportunity with an attractive return perspective of investments for the people to enjoy the membership benefits.

It has the minimum deposit requirement and versatile CD terms that aim and are designed to deal with the financial needs of the members for reward savings.

A+ Federal Credit Union CD Rates Offer

The three functional CD rates, offered by A+ Federal Credit Union are described in detail below;

6-Month CD

Key Features

  • APY: 4.07%
  • Minimum Deposit: $1,000
  • Dividend Payment: Upon Maturity
  • Short-term Option for Investors: The 6-Month CD is designed as a short-term investment option, making it suitable for individuals who prefer a quicker turnaround on their investments.
  • Maturity Payment: Interest or dividends are paid out upon maturity, providing investors with a lump sum return at the end of the 6-month period.

Key Considerations

  • The 6-Month CD is ideal for investors seeking a short-term commitment. This might be beneficial for those who want to access their funds relatively quickly or are uncertain about committing to a longer-term investment.
  • With a minimum deposit of $1,000, this CD caters to individuals who are comfortable investing a slightly larger amount for a short-term gain.

Pros & Cons

ProsCons
Short-Term CommitmentLower APY compared to longer-term CDs
Quick Access to Funds at MaturityLimited time for potential interest accumulation
Higher APY compared to regular savings

48-Month CD

Features

  • APY: 3.87%
  • Minimum Deposit: $1,000
  • Dividend Payment: Upon Maturity
  • Additional Details:
    • APY Can Increase with PlusPoints: This CD comes with a feature that allows the Annual Percentage Yield (APY) to potentially increase through PlusPoints. PlusPoints represents a unique opportunity for investors to benefit from improved rates during the certificate’s term.

Key Considerations

  • The 48-Month CD is positioned as an intermediate-term investment, making it suitable for investors seeking a balance between short-term and long-term commitments.
  • The PlusPoints feature introduces the potential for an increased APY, offering an opportunity for investors to earn additional returns if interest rates experience an upward adjustment during the CD’s term.

Pros & Cons

ProsCons
Intermediate-Term InvestmentMay not be suitable for those needing quick access to funds
Potential for Increased APY with PlusPointsLocks funds for a medium-term, limiting liquidity
Lower Minimum Deposit than 6-Month CD

60-Month CD

Features

  • APY: 3.87%
  • Minimum Deposit: $1,000
  • Dividend Payment: Upon Maturity
  • Additional Details:
    • Long-Term Option with Competitive Rate: The 60-Month CD is positioned as a long-term investment option, providing investors with a fixed interest rate over a 5-year period.

Key Considerations

  • Investors should consider their long-term financial goals and liquidity needs when opting for a 60-Month CD. This commitment may be suitable for those who have a stable financial situation and can afford to lock in their funds for an extended period.

Pros & Cons

ProsCons
Stable, Fixed Interest RatePotential interest rate changes during the term
Moderate Minimum Deposit RequirementLimited liquidity during the 5-year term
Potential for lower APY compared to riskier investments

Collective Comparison CD Rates Table

For a precise and comprehensive understanding, an altogether summary of the offered CD rates is elaborated in the tabulated form below:

CD TermAPYMinimum DepositDividend PaymentAdditional Details
6-Month4.07%$1,000Upon MaturityShort-term option for investors
48-Month3.87%$1,000Upon MaturityAPY can increase with PlusPoints
60-Month3.87%$1,000Upon MaturityLong-term option with competitive rate

Share Certificate Rates

A share certificate is another term used for certificates of deposits in different institutions. It refers to the interest rate that an institution offers for its share certifications just positively applied with fixed terms. It has to deposit, the amount of money for the required time period. On the other hand, they will receive a fixed rate in return.

  • 6-Month Term
    • Minimum Balance: $1,000
    • APY*: 4.07%
  • 48-Month Term
    • Minimum Balance: $1,000
    • APY*: 3.87%
  • 60-Month Term
    • Minimum Balance: $1,000
    • APY*: 3.87%

Dividends are calculated on a daily balance, paid monthly, and automatically transferred to the Membership Savings account. Maximum balance=$1,000. Penalty may be imposed for early withdrawals. Limit one StartUP Share Certificate per member. Conditions and restrictions may apply. Subject to change without notice. Membership required. Federally insured by NCUA. APY with 2,500 PlusPoints includes a 0.25% increase from redeeming 2,500 PlusPoints—effective date: 2.1.2024

How Much You Can Earn With A+ Federal Credit Union CDs?

The respective earning of A+ Federal Credit Union bank varies as per versatile factor. The factors include the initial deposit amount, CD term, and the annual percentage yield of that investment. According to the basic principle of long-term investment, it provides you higher annual percentage yield, and in return, you will get greater potential earnings.

The table below simplifies the potential earnings based on different scenarios that depend upon specific terms and conditions offered by A + Federal Credit Union.

CD TermAPYInitial DepositPotential Earnings* (Approx.)
12 months4.28%$1,000$42.80
60 months3.87%$1,000$209.70
24 months4.07%$1,000$83.06

How A+ Federal Credit Union CD Rates Compare?

When comparing A+ Federal Credit Union CD rates to other banking approaches, several key factors come into play:

  • Annual Percentage Yield: Compare the APY offered by A+ Federal Credit Union with other banks. A higher APY generally means a more favorable return on your investment.
  • Minimum Deposit Requirements: Evaluate the minimum deposit requirements for A+ Federal Credit Union CDs and compare them with those of other banks. Lower minimums can make the CDs more accessible to a wider range of investors.
  • Variety of CD Terms: Consider the range of CD terms offered by A+ Federal Credit Union. Having a variety of terms allows you to choose an option that aligns with your specific financial goals and timeline.
  • Account Management: Assess the ease of account management, including online access, mobile banking features, and customer service. A smooth and efficient interface enhances the overall banking experience.

Overview of A+ Federal Credit Union

A+ Federal Credit Union prides itself in working together with its clients to succeed = mutual benefit. The credit union was founded in 1949 by a group of teachers who all had similar financial philosophies. Ever since then, they have expanded to different parts of Texas. 

A+ Federal Credit Union is committed to helping students by donating to several scholarship funds. So far, they’ve donated over $100,000 to 50 students. Students can apply on A+ Federal Credit Union’s website to be considered for a scholarship.

Additionally, to open up a CD You must be a member of A+ Federal Credit Union. This means that you have to have a checking or savings account already existing. Becoming a member of A+ Federal Credit means that you also get to earn what are called PlusPoints. As mentioned before, these will come in handy to increase your CD rates.

Locations of A+ Federal Credit Union

22 Branches in Texas

Austin, Bastrop, Buda, Cedar Park, Georgetown, Harker Heights, Hutto, Leander, Pflugerville, Round Rock, and San Marcos.

Availability 

You must be a member of A+ Federal Credit Union to open a CD. This means that you have to have a checking or savings account already existing. Becoming a member of A+ Federal Credit means that you also get to earn what are called PlusPoints. As mentioned before, these will come in handy to increase your CD rates.

FAQs

How can I join A+ Federal Credit Union?

Membership eligibility typically includes individuals who live, work, worship, or attend school in certain areas. Check the specific criteria on their website or contact them directly for the most accurate information.

What are the CD rates offered by A+ Federal Credit Union?

CD rates can vary, and they may change over time. Visit the official A+ Federal Credit Union website or contact them directly for the latest information on CD rates and terms.

What is the minimum deposit for A+ Federal Credit Union CDs?

The minimum deposit required for CDs can vary based on the specific CD type and term. Refer to A+ Federal Credit Union’s official information or contact them for details on minimum deposit requirements.

What are the different CD terms available?

A+ Federal Credit Union typically offers various CD terms, ranging from short to long durations. Common terms include 6 months, 1 year, 2 years, and more. Visit the official website or contact us for the current list of available CD terms.

Can I access A+ Federal Credit Union CD account information online?

Yes, A+ Federal Credit Union provides online banking services, allowing members to access their CD account information, check balances, and manage their accounts from the convenience of their computer or mobile device.