It takes just $10,000 to send Air Academy Federal Credit Union’s 60-month CD rates sky-high.
This Colorado credit union pays a more-than-decent 2.35% APY with a $500 minimum deposit, but an even better 2.45% APY for deposits over $10,000.
That increased minimum deposit amount is the way to go — it’s more than half of a percentage point higher than the top nationally available 60-month CD rate on our CD Rates Leaderboard.
But you have to be a member of Colorado Springs-based Air Academy Federal Credit Union to buy these certificates of deposit.
Membership is available to active and retired military everywhere (and their families), and to employees, students and families of local colleges and universities as well as 10 area school districts.
In addition, employees of more than 160 area businesses can also join, as can their family members and current members’ family members.
Details about the eligible employers, schools and school districts are spelled out on the website. Just click on the “join” tab on the home page and then the “join now” button.
Membership requires a $5 deposit in a share savings account.
To buy CDs, members can call or fill out a form online to begin the process or head to a branch.
Branches are in Castle Rock, Colorado Springs, Highlands Ranch, Monument and Park, as well as on the base of the U.S. Air Force Academy in Colorado Springs.
Learn more about Air Academy Federal Credit Union at www.aafcu.com or call 800-223-1983.
See how these returns compare with the best CD rates from scores of banks in our extensive database.