Agriculture FCU IRA CD Rates
The Agriculture FCU IRA CD Rates are called Shared Certificates. This is because FCU stands for Federal Credit Union. The IRA rates are the same as a standard Share Certificate at this financial institution.
The bank rates for these certificates are as follows. The 60 month has an interest rate of 3.11% with an APY of 3.15%. The 48 month has an interest rate of 2.72% with an APY of 2.75%. The 36 month has an interest rate of 2.38% with an APY of 2.40%. The 24 month has an interest rate of 1.98% with an APY of 2.00%. The 12 month has an interest rate of 1.54% with an APY of 1.55%. The 0 month has an interest rate of 1.19% with an APY of 1.20%. Each of these requires a minimum deposit of $1,000 to open and the interest is compounded quarterly. This is paid out as a dividend which is also paid out quarterly.
The share certificates have an early withdraw penalty just like a CD does. If the certificate has a maturity term of less than 1 year, the penalty will be the equivalent of 90 days worth of dividends. If the maturity date is greater than one year, the penalty is equivalent to 180 days worth of dividends.
These bank rates were posted on December 21, 2009, but are subject to change without notice.
The Agriculture FCU IRA CD rates are from a financial institution that has no stock holders. All profits are returned to members in the form of lower fees and higher rates of return on accounts.
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