Despite the name, the certificate of deposit deals offered by the University of Kentucky Federal Credit Union aren’t limited to Wildcats or even the Bluegrass State.
Savers living throughout Kentucky plus every state that it borders — Illinois, Ohio, Virginia, Missouri, Tennessee, Indiana and West Virginia — are eligible to join the credit union and score one of these two attractive offers:
- 1.55% APY on 2-year certificates.
- 1.80% APY on 3-year certificates.
Both promotions outpay the top nationally available returns from the banks on our CD Rates Leaderboard, which currently stand at 1.50% APY for 24 months and 1.66% for 36 months.
It also earns the credit union two spots in our constantly updated roundup of the best-paying local and regional CDs in the country.
Savers living in the Lexington area or working for one of almost 100 affiliated organizations are immediately eligible for credit union membership, as are UK faculty, staff and students.
But anyone in the eight-state Kentucky region can become eligible by first making a $5 donation to the American Consumer Council, a nonprofit focused on consumer advocacy.
Joining the University of Kentucky Federal Credit Union can be done online or by phone, as can opening its certificates of deposit. A $1,000 minimum investment is required.
Before locking your funds into any CD, though, it’s always smart to check Bankrate’s extensive database of the day’s best CD rates to make sure you’re earning the best possible return.