bank rates

Veridian’s Nationally Available CDs Are Tough To Beat

Veridian Credit Union Logo

Iowa’s largest credit union by membership is offering some great CD deals to savers across the nation.

While Veridian Credit Union’s CDs are generally competitive, it raised its CD rates in early May and has at least a few certificates of deposit worth considering:

  • 1.81% APY on 15 months.
  • 1.91% APY on 25 months.
  • 2.17% APY on 39 months.

All require a $1,000 minimum deposit and either beat out or compete with the top nationally available rates from the banks on our CD Rates Leaderboard

Notably, there’s a 10 percentage point increase on each of the terms listed above for a jumbo CD from Veridian with a $100,000 minimum. For example, the 15-month jumbo CD would pay 1.91% APY instead of 1.81% APY.

“Many of our members use CDs as a tool to save and plan for their future. It’s our mission to help them create successful financial futures, and we’re always in search of opportunities to make our products and services more impactful toward achieving their goals. Our recent CD rate increase contributes to that effort and rewards healthy saving habits,” says Keith Mesch, Chief Financial Officer for Veridian Credit Union.

Of course, a search through Bankrate’s extensive database of the day’s best CD rates is still smart before you lock into any certificate, but these Veridian offers will be tough to beat.

Membership requirements 

Membership in the credit union used to be limited to residents of 45 Iowa and Nebraska counties. But now it has expanded to 99 Iowa counties and six Nebraska counties.

And last year Veridian opened an eligibility avenue for savers living anywhere.

All it takes is to register with Dwolla, a digital payment service that facilitates transfers between bank and credit union accounts. Registration can be handled on Veridian’s website.

Setting up the user account is free, and there are no per-transaction fees. However, actually making any transactions with Dwolla is not required to secure Veridian membership.

If you don’t want to register with Dwolla, you can also join if:

  • You live or work within the credit union’s field of membership.
  • You’re an employee of a business located within its field of membership.
  • You are family or household members of current members.
  • You are an individual with a disability (as defined by the Americans with Disabilities act of 1990) and living in the state of Iowa.

Joining the credit union and opening its certificates of deposit can be done online or at more than two dozen branches throughout Iowa.


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