bank rates

Elements Financial Sows National CD Offer

A couple of times a year, Elements Financial Federal Credit Union unveils a CD special that earns it a mention here at Bankaholic.

This time, the worthy offer is 1.50% APY on 22-month certificates, with a $1,000 minimum deposit. And as usual, it’s available to savers in all 50 states.

The top nationally available 24-month yield from the banks on our CD Rates Leaderboard currently stands at 1.50% APY, from two banks requiring $2,500 and $10,000 minimum investments. So Elements’ promotion offers a chance to both shave two months off the term and buy in with a lower deposit.

But don’t just take our word that this is a great rate. Search Bankrate’s extensive database of the day’s best CD rates to make absolutely sure this is your best deal.

Known until early 2015 as Eli Lilly Federal Credit Union, Indianapolis-based Elements offers membership to employees, students, retirees or members of more than 50 affiliated organizations – including Eli Lilly,, and Angie’s List.

In addition, family members of anyone who’s eligible to join the credit union can become members, even if the originally eligible person doesn’t join themselves.

But any saver in the country can gain Elements eligibility by first joining Tru Direction, a nonprofit association dedicated to financial literacy. A one-time member fee of $5 is required.

You can join Elements and buy its certificates of deposit online, by phone or at one of its seven branches in Indianapolis, Greenfield and Lafayette.

For more than 150 additional local and regional deals like this one, be sure to visit our constantly updated roundup of the nation’s best-paying CDs from credit unions and community banks across the country.

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