APGFCU Credit Union CD Rates
The APGFCU credit union serves Harford County, Cecil County as well as certain areas of Middle River, Maryland. Once you are an official member of the APGFCU credit union, then you will always be a member-owner.
In order to qualify for membership, you have to follow these criteria: you must live, work, worship, attend school, or volunteer in Cecil or Harford County (or in certain areas of Middle River Maryland).
You can also qualify for membership if you’re an immediate family member/household member of a person who meets the above criteria.
APGFCU Credit Union CD Rates Offers
The special and specific features of APGFCU credit Union CD Rates include;
Step Up Savings Certificate
Key Features
- Minimum Deposit: $100
- Terms: Choose from 25 or 45 months
- Special Features: Can “step up” to a higher rate during the term, no additional deposits permitted
- APY as High as: 4.45%
Consideration
- A unique feature allows stepping up to a higher rate during the term.
Pros & Cons
| Pros | Cons |
| Can “Step Up” to higher rate | No additional deposits permitted |
| Accessible with a minimum deposit | Limited authenticity |
MyTimes 36-Month Certificate
Key Features
- Minimum Deposit: $100
- Term: Fixed 36-month term
- Special Features: For members aged 50 and above
- APY as High as: 4.35%
Consideration
- Tailored for members aged 50 and above.
Pros & Cons
| Pros | Cons |
| Minimum deposit of $100 | Limited flexibility in term duration |
| Fixed 36-month term | Targeted towards a specific age group |
Regular and IRA Certificates
Key Features
- Minimum Deposit: $100
- Terms: Start at 6 months (Super Certificate, 24 months)
- Special Features: Special rates for Super Certificate, Gold, and Silver Member Rewards levels
- APY (Annual Percentage Yield) as High as: 5.15%
Consideration
- Special rates offer potential benefits for eligible members.
Pros & Cons
| Pros | Cons |
| Affordable and minimum deposit of $100 | Terms are less flexible |
| Special rates for Super, Gold, and Silver Member Rewards levels | Higher minimum deposit for Super Certificate |
MyTimes Plus 12-Month Certificate
Key Features
- Minimum Deposit: $100
- Term: Fixed 12-month term
- Special Features: For members aged 65 and above
- APY as High as: 5.35%
Consideration
- Tailored for members aged 65 and above.
Pros & Cons
| Pros | Cons |
| Competitive APY of 5.35%* | Targeted towards a specific age group |
| Potential for higher returns within 12 months |
Jumbo Certificates
Key Features
- Minimum Deposit: $50,000
- Terms: Fixed terms of 3, 6, and 12 months
- APY as High as: 5.30%
Consideration
- Offers fixed terms providing flexibility in choosing investment duration
Pros & Cons
| Pros | Cons |
| Fixed terms of 3, 6, and 12 months | May not suit short-term investment preferences |
| Suitable for larger investment amounts | Potential for higher penalties for early withdrawal |
Are APGFCU Credit Union CD Rates Competitive?
APGFCU Credit Union provides a variety of CD options with competitive APY rates, especially for Jumbo Certificates. The special features and membership rewards contribute to the overall appeal of their CD offerings.
NOTE: The actual rates may vary based on market conditions and are subject to change. Always refer to the latest information from the APGFCU Credit Union.
How do APGFCU CD Rates Compare?
It is an evident fact that the APY rates play a crucial role in determining the potential return on investment, and prospective investors should carefully consider the rates, along with any associated terms and conditions, to make informed decisions based on their financial goals and preferences.
To compare these rates with APGFCU Credit Union, it’s essential to obtain the specific APY rates for corresponding terms offered by APGFCU. Take a look:
- Wings Financial Credit Union offers a 5-Year Certificate with an APY of 2.58%
- Abound Federal Credit Union provides a 4-Year Certificate with a slightly higher APY of 3.25%
- Incredible Bank presents a 13-Month Certificate with an APY of 4.58%.
Overview APGFCU Credit Union Bank
APGFCU Credit Union was formerly known as the Aberdeen Proving Ground Federal Credit Union. The APGFCU Credit Union was established back in 1938 by a small group of Aberdeen Proving Ground (APG) employees.
The APG is the United States Army’s oldest active proving ground It was established in October 1917, just six months after the United States entered World War I. The APGFCU’s first “branch” was merely a cash drawer in a small APG office. The APGFCU Credit Union has grown to become Maryland’s fifth-largest credit union, with nearly 139,000 members.
The APGFCU Credit Union bank is also named “Best In State Credit Union” by Forbes 2020.
Locations APGFCU Credit Union Bank
16 different branches including:
- Cecil College Branch
- Chesapeake City Branch
- Elkton Branch, Edgewood Branch
- Fallston Branch
- Forest Hill Branch
- Havre de Grace Branch
- North East Branch
- Rising Sun Branch
- Riverside Branch, and many others.
Availability
In order to access the APGFCU CD offers, you must be a member of the APGFCU credit union. The application process is very simple and can either be done online or in person.
FAQs
APGFCU Credit Union plays a key role by providing financial services, including savings, loans, and other banking products, with a focus on member ownership and community involvement.
Higher interest rates can increase the returns on investments, potentially leading investors to withdraw funds to capitalize on better opportunities. Conversely, lower rates may discourage withdrawals as returns decrease.
Consumers often trust traditional or standard CDs with fixed interest rates and predictable maturity terms, offering stability and security for their investments.
A CD Jumbo is a type of certificate of deposit with a higher minimum deposit requirement than regular CDs. It typically offers higher interest rates due to the larger deposit.
Low CD rates may indicate a less favorable environment for savers, as they earn less interest on their deposits. It could also suggest economic conditions where central banks aim to stimulate borrowing and spending rather than saving.