Affinity Federal Credit Union CD Rates: Promotional Rates 4.50% APY

Affinity Federal Credit Union (AFCU) is offering promotional certificates that have really competitive CD rates. The best promotional CD rate is on Affinity Federal Credit Union's 12-month certificate with a current rate of 4.35% for account balances of $100,000 or more. The highest CD rate is on AFCU's 22-month certificate at 4.50%, also for account balances of $100,000 or more.

Affinity Federal Credit Union is also offering certificate with lower minimum deposits that still have very competitive CD rates which are listed below.

Affinity Federal Credit Union offers a range of CD options with varying interest rates and terms. Their CD rates are competitive compared to other credit unions and banks and they offer the option to open a CD with as little as $500. The interest rate on a CD will depend on the term of the CD, with longer terms typically offering higher interest rates. As of March 2023, the following CD rates were being offered by Affinity:

Affinity Federal Credit Union CD Rates Include:

14-Month Promotional Certificate APYs

• 4.15% APY on balances of $500 to $49,999
• 4.25% APY on balances of $50,000 to $99,999
• 4.35% APY on balances of $100,000 or more

22-Month Promotional Certificate APYs

• 4.30% APY on balances of $500 to $49,999
• 4.40% APY on balances of $50,000 to $99,999
• 4.50% APY on balances of $100,000 or more

Open an Affinity Federal Credit Union Certificate Account

Affinity Federal Credit Union is a full-service credit union that offers a range of financial products and services, including share savings accounts, checking accounts, youth account, loans, and credit cards. One of the most popular savings products offered by Affinity is their certificate of deposit (CD). In this essay, we will explore Affinity Federal Credit Union CD rates, Affinity certificate benefits, and terms of service.

Affinity Federal Credit Union Certificate Benefits

There are several benefits to opening an Affinity Federal Credit Union certificate of deposit. One of the main benefits is that CDs offer a fixed interest rate, which means you'll know exactly how much interest you'll earn over the term of the CD. This can be helpful for individuals who are looking for a stable investment option with low risk. Additionally, Affinity CDs are federally insured up to $250,000, which means your investment is protected even in the event of a credit union failure.

Another benefit of Affinity CDs is the flexibility they offer. You can choose from two different terms and open an account with as little as $500, making it an accessible investment option for many people.

Affinity FCU Certificate Terms of Service

There are a few important terms of service to be aware of when opening an Affinity Federal Credit Union certificate of deposit. First and foremost, CDs are intended to be a long-term investment, and there are penalties for early withdrawal. If you withdraw your funds before the end of the CD term, you may be subject to a penalty fee, which could reduce your earnings.

Another important term to be aware of is the automatic renewal policy. If you do not withdraw your funds or make changes to your account before the end of the CD term, it will automatically renew for another term. This means you'll continue to earn interest on your investment, but it's important to make sure the renewal terms and interest rates are still in line with your financial goals.

Finally, it's important to note that Affinity Federal Credit Union may have additional terms and conditions that apply to their certificate of deposit products. It's important to review all terms and conditions before opening an account to make sure you fully understand the product and any associated fees or restrictions.

To recap, Affinity Federal Credit Union CD rates are competitive which make the certificates a popular choice if you're looking for a stable, low-risk investment option, especially in these trying times. With competitive interest rates, flexible terms, and federal insurance protection, Affinity CDs are a smart choice for those looking to grow their savings over time without much risk. To read more or open a Affinity Federaul Credit Union Certificate visit: Certificates | Affinity Federal Credit Union (affinityfcu.com)