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Archive for Credit Union

Find Great CD Rates From Hanscom Federal Credit Union

By BankAim · Comments (0)
Thursday, May 31st, 2012

Local deals are definitely better options when you’re looking for low-risk investments to your money such as certificates of deposit. In this case, Hanscom Federal Credit Union fits the bill. It continues to offer good deposit deals in the state of Massachusetts.

Rates Offering

The two best deals are the 18th-month and 30th-month CD terms. The dividend rate for the 18th-29th month CD maturity is 1.14%, while the APY is at 1.15%. On the other hand, the dividend rate for the 30th-59th CD is 1.44%, with an APY of 1.45%.

There are other maturity terms available as well. An example is HCU’s 3-5 month term, with a dividend rate of and APY of 0.50%. A 6-11th month term will yield 0.60% dividend and APY, while a 12-17th-month term gives you 0.80%. They also offer an 11-month term made available only when you have an existing Premier Checking account, with a dividend and APY of 0.95%.

A much longer term is the 60-month maturity rate. At a dividend of 1.83% and an APY of 1.85%, this proves to be one of the better deals available from local CD offerings. Another maturity term that’s available only with a co-existing Premier Checking account is the 48th-month term. Dividends are given 1.79% growth and an APY of 1.80% for the whole course of maturity.

All these certificates require a minimum balance of $1,000 in order for you to open such account. However, they also have an Easy Start CD offer open to those who have less than the standard deposit amount, but willing to invest their money all the same. For only $250 in initial deposit amount, you can incur an APY and dividend rate of 0.50%.

Before opening an account, you need to be a member of this credit union. To be a credit union member, an online membership form is available for filling-up. As part of their eligibility criteria, you must be an active or retired employee of the Federal Government in Massachusetts. Aside from this, you can choose to join a sponsoring member such as the Air Force Association, in order to be a credit union member. Further details will be disclosed as soon as you contact and send your personal inquiries to their customer service personnel.

About Hanscom Federal Credit Union

Considered to the Massachusett’s 6th largest credit union, Hanscom FCU was first established in 1953. Having been established in the financial industry, Hanscom FCU gives rates that are over six times higher than the national average.

Hanscom Federal Credit Union branches are located in Boston, Bedford, Concord, Burlington, and in the Hanscom Air Base.

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Competitive CD Rates from Self-Help Credit Union

By BankAim · Comments (0)
Tuesday, May 29th, 2012

Certificates of deposit are a great way to save because there’s almost no risk involved while keeping your money in a place where higher interest is ensured. One financial institution that offers the best deals and rates in terms of deposits is Self-help Credit Union. The institution is FDIC insured and their main goal is to help their clients and customers get the best financial services possible.

Certificates of Deposits and Rates

Those who will open certificates of deposits will have peace of mind because they are guaranteed a certain interest rate which they can choose to lock in at the beginning of their term. The longer the term you choose, the higher the interest rate offered to you. Plus you don’t have to invest such a big amount since the minimum investment is only $500 with terms from three months to five years.

For a minimum deposit of $500 dollars in a three month term, you can get an annual percentage rate or APR of 0.50% and an APY of 0.50%. Those who will be choosing the twelve month term will have an APR of 1.05% and an APY of 1.06%. While an APR of 1.25% and an APY of 1.26% for the term of 24 months or two years. And for the 36 month term, the APR is 1.50% and APY of 1.51%. The rates will obviously depend on the term thus clients should really decide on how long or what term they are going to choose.

These rates are quite helpful and advantageous for those who are looking to take advantage of what certificates of deposits can offer.

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Making A Difference at the Provident Credit Union’s Mortgage Rates

By BankAim · Comments (0)
Tuesday, May 15th, 2012

It’s every family’s dream to own a house that they can call home, but with all things expensive today, it has become very hard for people to immediately get and buy one. So what can people do then in order for them to have enough money and purchase the house of their dreams? Since buying a house spot cash is hardly possible nowadays, that’s when banks and credit unions with easy mortgage rates come in. With the right kind of housing loan, even the average Joe can get the house of his dreams. Banks and financial companies in the United States are offering a lot of this kind of deal and one of these is the Provident Credit Union that was established in the year 1950.

About Provident Credit Union

Provident Credit Union is on the 19th spot of the largest financial companies in California. Their reputation is known throughout the United States and this is one of the reasons why many people go to them when they apply for a mortgage loan. Members also appreciate their low mortgage rates that are simply easy and acceptable on their pockets. For those interested, Provident Credit Union has branches all over California.

Fixed/ Adjustable Mortgage Rates

Provident Credit Union offers great deals when it comes to mortgage rates or loans and one of this is the Fixed/Adjustable mortgage. This is a fixed deal because its duration is for three to ten years, and then the involved parties will be able to convert it to an adjustable and appropriate rate. It simply means that people can afford their first home and be able to move up to a better house without having any problems. How does one pay for it? For those with conforming loans amounting to $417,000 or less, they can have a period of fixed rate from three to ten years. The rate for the term of ten years is only 3.00% with an APR of 3.089%. While for the 20 year term, the interest rate is 3.50% and an APR of 3.662% and so on. Those who are interested should then check out the Provident Credit Union site for more information with regards to the different mortgage rates.

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Limited CD Rate Specials From Veridian Credit Union Tops The Bill

By BankAim · Comments (0)
Saturday, April 21st, 2012

The competition in CD rates has been getting more intense as various lenders were seen to have increased their rates for limited periods of time. Local deals are no exception. Take for instance Veridian Credit Union in Iowa. It offers not only one, not two, not even three or four, but five CD rates promotions. This shower of offers only lasts from April 19-25, 2012, making the offers much desirable.

About the Special Rates

The special rate offer ranges from different maturity terms, starting at 7 months. Other offerings come from the 9-, 15-, 25-, and 39-month terms. For a minimum initial deposit of only $1,000, you can start earning interest for your chosen term. The rates for these special offers are as follows:

7-month Special – 0.90% APY
9-month Special – 1.00% APY
15-month Special – 1.25% APY
25-month Special – 1.50% APY
39-month Special – 1.80% APY

The Usual Rates

If you find that Veridian credit union is not offering a special offer for the maturity term you’re after, don’t worry. They will get you covered with their usual rates and APR offerings that are equally competitive when compared nationally.

Starter 12-month CD – 0.70%
1-5 months CD – 0.60%
6-12 months – 0.80%
13-17 months CD – 1.11%
18-24 months CD – 1.25%
25-30 months CD – 1.40%
31-41 months CD – 1.60%
42-48 months CD – 1.80%
Bump-up CD 30 months – 2.10%
Add-on CD 12 months – 1.15%
Jumbo CD 7 months – 1.11%
Jumbo CD 15 months – 1.45%
Jumbo CD 25 months – 1.70%
Jumbo CD 39 months – 2.00%
U.B.U CD 12-60 months – 1.10%
KIRBY CD 12-60 months – 1.10%

Aside form the regular certificates of deposit, you can also have the option of choosing other CD types. VCU offers the Add-on CD, which allows you to add more money into your CD account as long as it’s within a one-year term. This works in the same way as the Starter certificate, which gives you the freedom to add money throughout the run of its course. Another type is the Bump-up CD. Here, you are allowed to change your interest rate and APY once at anytime during its 30-month term. On the other hand, Jumbo CDs will give you the chance to earn higher when the term ends.

About Veridian Credit Union

Founded in Waterloo, Iowa in 1934, Veridian Credit Union was originally intended for the employees of John Deere. Since then, membership expanded to non-employees as its reputation grew in credibility. Today, VCU is among the top credit unions in America.

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ORNL Federal Credit Union Offers A Low 3.99% Introductory APR in Credit Cards

By BankAim · Comments (0)
Friday, April 13th, 2012

For a limited time only, ORNL Federal Credit Union offers one of the lowest credit card APR in the country. When you get your very own Visa Platinum credit card, you can have the freedom of making purchases without the unnecessary high rates.

About the Visa Platinum Card

There is a lot more to credit cards than the purchasing power that comes with it. Credit cards are also useful for making balance transfers from one account to another, as well as handing over or accepting foreign transactions. However, with all these benefits, there is a drawback that comes from the interest rates each and every transaction incurs. The best thing about ORNL’s Platinum card is that for a period of 12 months, you can get to enjoy a cut-down APR of 3.99%.

This great offer only becomes available once you are able to make zero-fee purchases, cash and balance transfers within the first 60 days of owning your Visa Platinum card. Once you’re qualified, you will then be eligible for the low-APR offer for a whole year. After this promo period, the APR resumes the usual variable APR. This Prime rate APR varies upon your credit worth and history.

This limited offer is only available to newly opened accounts and does not include transfers form previous ORNL accounts.

The Usual Benefits

For every dollar spent using your ORNL card, points are designated to your account. Later on, these points are converted to rewards from the credit union’s trade partners. These include merchandise, travel and stay benefits, and a lot more.

Application for this card is open to anyone who is over 18 years old. However, those who are at the ages between 18 and 21 require a proof of independent income. If this is not applicable, a parent or legal guardian should be made as a qualified joint applicant to co-sign the application.

About ORNL

Founded in august 6, 1948, this credit union initially aimed to serve the community by starting out with employees of the Oak Ridge National Laboratory in Tennessee. The ten founders contributed $5 each in order to start the deposit base.

Now, ORNL has assets of over one billion dollars. Each and every account is federally insured to keep their customer’s good faith. It has branches located all over the state of Tennessee.

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Find Great CD Rates From Nashville Credit Union

By BankAim · Comments (0)
Saturday, March 31st, 2012

There is safety in savings, and certificates of deposit are the perfect example for this. But getting yourself a good deal with a competitive interest rate may be hard to do. However, great offers can come from local companies, and Nashville Credit Union is no exception.

CD Rate Offers

Nashville Credit Union offers varying certificate deposits to suits every individual’s different needs. To date, their 1-year APY of 1.31% is their best offer as the market in national CD rates comes even lower than that which NCU offers. Although this offer still rings far from fellow credit unions, such as Riverfork Federal CU’s 1.40% APY, this is a good rate deal nonetheless.

Term – APY – Penalty

8 months
(240 days) - 1.05% – 90 days
12 months
(365 days) - 1.31% – 90 days
15 months
(450 days) - 1.31% – 90 days
24 months
(730 days) – 1.76% – 180 days
36 months
(1095 days) - 1.81% – 180 days
60 months
(1825 days) – 1.81% – 365 days

Should an early withdrawal be issued, the penalty rates are placed at a variable amount.

To open an account, a minimum deposit amounting to $1,000 is required. Interests incurred from the investment shall be added to the account on a quarterly basis. And unlike other companies, there is no maintenance fee needed, so you can just literally sit back, relax, and let NCU do all the work for your money’s growth.

Applying For Membership

Credit unions are notorious for their exclusivity in terms of membership, but at NCU, many organizations or employees of affiliated companies can become a member. These companies include Martin Motors, Spandeck, Propex Fabrics Co., BH Electronics, and Steel Building Sytems Inc. among many others.

Individuals who may be related by blood to the employees of the said companies are also eligible for membership. Retired professionals and their family members can join NCU as well.

About NCU

This company was founded in 1973 and started out as a cooperative to residents of Nashville. Many years later on and countless accreditations after, NCU is now duly recognized by the National Credit Union Administration. It offers services such as savings and checking accounts, as well as loans.

Certificates of deposits are certainly a reliable way of saving up money for something you need in the future. Once you open a CD account with NCU, you can make those short-term or long-term goals come true in no time.

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Enjoy 1.76% CD Rates From Goodyear-Danville Credit Union

By BankAim · Comments (0)
Friday, March 30th, 2012

With CD rates dropping down to a national average of 0.72% this week, many financial institutions have also been cutting off on their APYs. However, this cut-down pushed up, if not highlighted, the current CD interest rate from Goodyear-Danville Credit Union. Here’s why:

Competitive 1-year Rate

Bank mogul Ally Bank has a current 1-year offer of 1.09%. On the other hand, another giant, CIT banks holds steady with their 1.06% interest rate. But value for your investment really becomes worth it when you choose a credit union to open your CD account. Goodyear-Danville offers a high return of 1.76% APY and 1.75% dividend rate. This only comes in a close second to Route 1 Credit Union’s 1.77% APY. Based on these comparisons, Goodyear-Danville proves to remain competitive in its rate offering.

However, unlike other banks or credit unions, this is the only CD term being offered from Goodyear-Danville. A one-year CD maturity is said to be the safest and most low-risk investment anyone can make, and it seems this credit union is well bent on that. Since their 1-year offer is all they have, you can never choose anything less than that, but you can still apply for renewal for as long as you want.

Other services include regular savings accounts, loan accounts, and mortgages. Specifications for each account type can be looked up in their website.

Opening a CD account requires one to have an initial minimum deposit of $2500. If early withdrawal is done, the penalty will be based on a 90-day dividend fee. Through their online Internet teller, you can make your application and submit necessary documents for the account opening. All account information and statements can be accessed online thereafter. Just make sure you keep note of the account name and password the company will be giving you – although you can still change the password to your preference later on. Transactions are reflected online since this credit union fully utilizes online banking.

About Goodyear-Danville Credit Union

This local credit union opened in 1979 and was originally intended for employees of Goodyear-Danville. In 2004, it opened expansion to non-members of the company. However, membership is still restricted to immediate family members. And if you’re married, first degree relatives of your spouse can also become members.

Goodyear-Danville Headquarters is located in Danville,Virginia, USA. It is a proud member of the National Credit Union Association and FedComp, Inc.

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Quabbin Credit Union’s CD Rates: Competitive and Secure

By BankAim · Comments (0)
Monday, March 26th, 2012

Long-term Cd rates have fallen desperately this following week, ending up in averages of only 2.45% form 10-year terms. However, the same cannot be said for shorter terms. Certainly, many companies have held on such quite competitive rates. Here, we focus on a credit union that has been offering quality returns of investment to satisfied customers since 1930.

How the Rates Compare

Quabbin Credit Union has many terms form their high-yield certificates of deposit. Starting off with their regular 6-month term, one can secure an APY of 0.85%. If this doesn’t sound much to you (although the national average for a 6-month term is at 0.47% – quite a good deal in itself!), Quabbin CU also offers a 6-month special. Instead of 0.85%, you can enjoy an APY of 2.25%. Sounds good? It certainly is.

To get hold of their special 6-month rate, a visit to their webpage is required as information specifics on this offer is available only upon request. one has to simply maintain a maximum deposit of $100,000. This offer is only good for an undisclosed limited period of time as well, so grab it while you can.

A look at their other rates shows us that their 1-year term has a fixed APY of 1.00%, while an 18-month CD has a 1.10% growth. The 24- and 30-month APY are fixed at 1.250% and 1.300% respectively. Their longest term at 36 months has an APY of 1.450%.

All Cd terms require a minimum deposit of $5,000, except for both 6-month terms which only sets the limit on $1,000.

Quabbin Credit Union has several branches although it also operates online. The only difference between opening an account in person and online is the time convenience from the latter. Setting up an account is fairly simple. Instructions will help every interested investor every step of the way.

Thirty days before your chosen CD account matures, you will be sent a letter to inform you of this status. For those who are interested in rolling-up their money once again, they may do so. If the current rate at such time is much higher than your first term, then this might be a very good thing to do.

About Quabbin Credit Union

Quality service to people has long been the cornerstone of QCU. And no wonder – today it has over $78 million in assets and thousands of loyal and satisfied customers. QCU is a division of Athol credit Union.

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Earn Rebates from The Golden One Credit Union’s Platinum Visa Rewards Card

By BankAim · Comments (0)
Friday, March 23rd, 2012

Here’s another credit card that generous on the cash rewards. Credit unions are notorious for having less-than-average interest rates and at times, more desirable rewards. The Golden One is a credit union which offers just that.

What You Can Expect From Platinum Visa Rewards

• Low Rates

The yearly APR fee for this card is actually based on one’s credit worthiness. It may go as low as 9.90% or as high as 17.00%.

For balance transfers and cash advances, these average rates are also applicable.

• Zero Annual Fee

Now, you can enjoy the use of this card without having to worry about any maintenance fees. Just make sure you pay your dues on time, or else you may incur penalty fees.

These fees vary on the reason for your penalty. Usually, you will be penalized for late payments, making a payment that is returned, or spending more than your credit limit. Up to 22.90% interest will be issued to your card as penalty. This translates to roughly about $15 for late payments and $5 for returned payments in fees.

Transaction fees also apply. This goes for cash advances, foreign transactions, or balance transfers.

• Get 1% rebate of purchases

Rebates are surely a good thing, because you get to earn money for spending. In this case, Golden One offers a 1% cash rebate for each purchase from qualified partners. This offer does not include transactions that involve credits purchase or cash advances.

In order to be eligible for this rebate, one must be an active cardholder. He/she must also maintain one regular savings account under Golden One. The minimum balance must be reflected on this account at all times as well.

Take note that not all credit cards from the same credit union have this offer. Only the Platinum Visa card is eligible.

The rebates are typically given to your account after 12 months of incurring. However, if one wishes to close the account before January of the following year after account opening, the rebates will be forfeited.

About Golden One Credit Union

Being a member of The Golden One Credit Union makes you an automatic winner. Why? With all its awards and achievement through its excellence in banking, it has become one of the newest forces of the financial world in the country today. It was recently named Best Credit Union by The Davis Enterprise Reader’s choice for this year. Since 2004, it has been garnering numerous awards as well, making its name a reliable partner in banking.

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