American Airlines Federal Credit Union offers certificates with terms ranging from one year to five years. All pay competitive yields, particularly the shorter-term certificates, and they all require a manageable $1,000 minimum balance.
American Airlines Federal Credit Union also offers its Share Certificate Ladder, which has options for balances of $1,000.00-$9,999.99 as well as balances of $10,000 and up. Bigger balances and longer certificate terms earn a higher yield.
The credit union doesn’t offer a bump-up or no-penalty certificate. However, it offers its Dream Plan Share Certificate, a five-year certificate that pays a strong APY. This product requires $25 to open, then customers must contribute $25 each month until the term ends or the balance reaches $50,000, whichever comes first.
Members have access to a range of terms and competitive yields.
All certificates require a manageable $1,000 minimum balance.
The Share Certificate Ladder gives members a convenient laddering option.
Funds from an American Federal Credit Union CD used for a downpayment on a home loan through the credit union won’t result in an early withdrawal penalty.