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Act now to earn this fantastic 36-month CD rate

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Savers have until the end of the month to take advantage of some great CD deals.

USALLIANCE Financial has several promotions available through Aug. 31. Its 3-year CD special is the most competitive offer. It pays 2.28 percent APY.

That’s nearly three-tenths of a percentage point more than the best 36-month CDs offered by Connexus Credit Union and EverBank.

Top nationally available 36-month CD rates
Institution APY Minimum deposit
Connexus Credit Union 2.00% $5,000
EverBank 1.99% $5,000
M.Y. Safra Bank 1.96% $5,000
Barclays 1.95% $0
First Internet Bank of Indiana 1.94% $1,000

The 24-month Cooperative Rewards CD special also could be worth a look. You’ll earn 2.02 percent APY.

New investors can relax. You’ll only need to deposit $500 to snag one of these deals. You must also sign up for electronic statements when you apply.

Compare these offers with other top CD rates. Then calculate how much interest you could earn when your CD comes due.

15-month CD special

The credit union’s 15-month CD special isn’t as spectacular as its other offers. You’ll earn just 1.51 percent APY.

A handful of banks with 12-month CDs — such as Amboy Direct and Pacific National Bank — come with much higher yields.

Still, the 15-month CD promotion may be attractive to consumers without much money to put away. The $500 minimum deposit requirement is lower than the ones attached to similar deals.

How to join

USALLIANCE Financial is based in Rye, New York. But membership is open to anyone willing to join one of 11 associations or charitable organizations, such as the Council of Community Service or the Bill Fish Foundation.

The credit union is also open to:

  • Immediate family or household members of a current USALLIANCE member.
  • An employee of one of more than 150 companies and organizations.
  • Anyone who lives, works or worships in one of seven Massachusetts counties, one of three qualifying districts in New York or in a city or town in West Haven, Connecticut.
  • Retirees or employees of the state or local government in one of eight New York counties.
  • Students, faculty or staff of Manhattanville College.
  • Students, faculty or alumni association members of Columbia University.

You can apply for membership online, over the phone or in a branch. New members must open a checking or savings account. A minimum $1 deposit is required.

How to buy USALLIANCE Financial special CDs

The Cooperative Rewards CD specials are only available for purchase over the phone or in a branch. You must use the code COOPCD to apply.

Be prepared to provide your Social Security number and ID number from a driver’s license, U.S. passport or state ID card.

It’s best to fund your CD through an electronic bank transfer. Incoming wire transfers cost $10 a pop. You can also mail in a check.

Terms and conditions

Early withdrawal penalties vary depending on the CD term.

For accounts maturing in less than 18 months, the penalty is 180 days’ dividends on the amount withdrawn. For CDs maturing in more than 18 months, the penalty is 360 days’ dividends on the amount withdrawn.

When your CD matures, you’ll have seven days to claim your funds. Otherwise, they’ll automatically roll over into an account with the same term length.

About USALLIANCE Financial

Deposits at USALLIANCE Financial are insured by the National Credit Union Administration. The credit union has about two dozen branch locations and more than 90,000 members across the globe.

USALLIANCE earned three out of five stars on Bankrate’s latest Safe & Sound Ratings, which measures the financial health of banks and credit unions throughout the United States.