bank rates

Grab A Fantastic CD Laddering Deal At American Airlines Credit Union

This ladder includes a 5-year CD that pays 3.09%.The few CD rate gems out there are going to be available to a limited number of people.

There’s just no real solid option for everyone right now.

As we mentioned earlier this month in a post about a 2.58% APY deal in Indiana, searching tiny institutions in small communities can turn up certificate of deposit gold.

The same can be said for certain credit unions that limit membership based on where you work.

American Airlines Credit Union — not a small institution by any means — is one example. Membership is largely limited to people who work in the air transportation industry.

If you do, this credit union has some interesting CD laddering deals. The best of the bunch requires you to equally fund a 30-month CD and a 60-month CD.

With a minimum deposit of $10,000 in each certificate it pays:

  • 1.81% APY on the 30-month CD.
  • 3.09% APY on the 60-month CD.

That’s right, 3.09% APY.

The 5-year CD pays more than 1.25 percentage points above the top deal on our CD Rates Leaderboard. The 30-month CD is four-tenths of a percentage point better than the top 3-year CD.

If a ladder isn’t your thing, the standard terms also pay better than the top nationally available bank deals.

With a $10,000 minimum deposit, this credit union pays:

  • 1.51% APY on 36-month CDs.
  • 2.27% APY on 60-month CDs.

Membership requires a $1 membership fee and a $5 deposit into a savings account.

Members can buy CDs online, through the mail or at one of American Airlines Federal Credit Union’s more than 40 branches. Many of those are located at or near major airports.

Learn more about American Airlines Federal Credit Union at www.aacreditunion.org or call 800-533-0035.

Compare these returns with the best CD rates from scores of banks in our extensive database.

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  1. Kathy at Bankaholic said:
    on January 4th at 08:03 am

    American Airlines CU has dropped its laddering and regular rates.

    The 30-month plus 60-month CD ladder ($10K minimum) now pays 1.46% and 2.27% APY, respectively.

    The regular 36-month CD ($10K minimum) now pays 1.36% APY and the 60-month CD pays 1.96% APY.