Savannah Federal Credit Union Certificate (CD) Rates and Review

Savannah Federal Credit Union, based in Savannah, Georgia, is offering certificate (CD) accounts that have tiered CD rates. The three tired certificate accounts include regular certificate accounts with balances below $5,000, regular certificate accounts with balances of $5,000 or more and jumbo certificate accounts with balances of $100,000 or more.

Savannah Federal Credit Union's rates are competitive and better than the FDIC's national average rates. Naturally the best CD rates are for jumbo accounts of $100,000 or more. Certificate terms range between 3 months and 60 months for accounts of less than $5,000 and accounts of $5,000 and higher have CD terms of 6 months through 60 months.




Savannah Federal Credit Union was founded in 1931 and is a not-for-profit cooperative financial institution owned by their members. Deposits are federally insured for up to $250,000 by the National Credit Union Administration. As a credit union, you are required to join Savannah Federal Credit Union in order to open a certificate account.

Membership at Savannah FCU is open to federal employees in Chatham, Bryan, Effingham, and Liberty Counties in Georgia and Jasper and Hampton Counties in South Carolina as well as to the faculty and staff of Armstrong Atlantic State University, faculty and staff of Savannah College of Art and Design, employees of Sullivan's Administrative Managers, and employees of Telfair Museum of Art and their family members.

Joining requires you to request membership. When the credit union receives your request, they will send you a membership packet which will include a membership application and any pertinent credit union disclosure information.



Contact Information


Post Office Box 8122
Savannah, GA 31412
(912) 234-8978 or or (888)576-6796
Contact: Evans, Jane

Location


124 Barnard St. Room B 110,
Savannah, GA 31401

Membership Information and Financial Information


Members: 1,935
Employees: 6
Total Assets: $18,174,900
Total Loans: $9,408,280
Net Worth Ratio: 21.01%
Share Growth: 13.33%
Loan Growth: 5.82%
Loan Assets Ratio: 51.76%
Investment Assets Ratio:

Current Certificate (CD) Rates


Term Rate APY
90 Day 0.15% 0.15%
6 Months 0.20% 0.20%
12 Months 0.25% 0.25%
18 Months 0.30% 0.30%
24 Months 0.35% 0.35%
36 Months 0.50% 0.50%
48 Months 0.65% 0.65%
60 Months 0.75% 0.75%

$5,000 or Above
6 Months 0.20% 0.20%
12 Months 0.30% 0.30%
18 Months 0.35% 0.35%
24 Months 0.45% 0.45%
36 Months 0.65% 0.65%
48 Months 0.75% 0.75%
60 Months 0.85% 0.85%

Jumbo ($100,000 or Above)
6 Months 0.50% 0.50%
12 Months 0.85% 0.85%
18 Months 1.05% 1.05%
24 Months 1.15% 1.15%
36 Months 1.25% 1.25%
48 Months 1.35% 1.35%
60 Months 1.49% 1.50%

You can easily compare how this credit union's certificate (CD) rates compare with the highest CD rates on bank certificates of deposit by using our rate tables below.
 
Author: Brian McKay
January 9th, 2013