bank rates

CD Rates At Fort Knox CU Still Among Best

Fort Knox Federal Credit Union has finally lowered the very good CD rates that caught our attention back in June.

But we’re happy to report that the new rates are still well above average and remain open to all savers, regardless of where you work or live.Fort Knox Federal Credit Union has finally lowered the very good CD rates that caught our attention back in June.

We don’t include Fort Knox in our rankings of the best nationally available CD rates because it charges a $15 membership fee that lowers the effective return.

But the credit union, which has a dozen branches surrounding the military base and the nation’s gold repository in central Kentucky, remains a great choice for earnings-starved savers.

Here’s what it did on six of the most popular types of CDs, (with the national average rate in parenthesis):

3-month CDs: Cut the rate from 1.40% APY to 0.85% APY (0.23% APY)

6-month CDs: : Cut the rate from 1.40% APY to 1.00 APY% (0.34% APY)

12-month CDs: Cut the rate from 1.60% APY to 1.10 APY% APY (0.60% APY)

24-month CDs: Cut the rate from 2.00% to 1.50% APY (0.89% APY)

36-month CDs: Cut the rate from 2.40% APY to 2.20% APY (1.16% APY)

60-month CDs: Cut the rate from 3.00% APY to 2.75% APY (1.71% APY)

Click here to compare these rates with the top nationally available returns on our most recent CD Rates Leaderboard, or the best CD rates from dozens of other banks in our database.

Anyone can qualify for membership in Fort Knox by joining the American Consumer Council, right on the credit union’s web site.

Just click on “Become a member” on the home page or rate page, then “Click here to get started.”

When you’re asked for “Eligibility Criteria,” use the pull-down menu to click on “AMERICAN CONSUMER COUNCIL/KENTUCKY CHAPTER.”

After you complete the application, the credit union will automatically enroll you in the consumer advocacy group and you’ll be able to buy certificates of deposit as part of the application process.

Membership in the American Consumer Council is free. As we said before, joining the credit union costs $15.

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  1. Connor said:
    on September 17th at 12:43 pm

    Rates are decent, considering, but I’m looking at the gold bullion and wondering if that would be a better buy…

  2. CrankySaver said:
    on September 17th at 01:49 pm

    President Barack Obama is appointing consumer advocate Elizabeth Warren to be special adviser overseeing the creation of a new consumer protection bureau, but he’s not appointing her to be the bureau’s first director. Elizabeth Warren Why? Because he’s worried the Senate might not confirm the Harvard law professor who has been a smart and relentless critic of how the banking industry treats its customers. Making her a special adviser doesn’t require Senate approval and I’m sure the White House sees this as a clever way to avoid a contentious hearing and nomination battle. But I don’t see it that way. Click here to read this and all of the other new posts on our Personal Finance Blog, which you can always reach with the “Finance” tab at the top of every page.