Cadets Federal Credit Union Certificates
APY Range
Minimum Deposit
Terms
Our Rating
Cadets Federal Credit Union Certificates
APY Range
Minimum Deposit
Terms
Our Rating
Cadets Certificates (CDs) Rates
Cadets Federal Credit Union certificates offer an average-high rate compared to other credit unions and banks. While you can find higher rates on all terms, the rates are quite competitive, especially for longer-term CDs such as 4-year– and 5-year CDs.
Two distinct rates for each term depend on the minimum deposit amount. Deposits ranging from $1,000 to $50K will receive the lower rate, while deposits over $50K can qualify for higher rates based on the amount deposited.
Term | APY |
|---|---|
6 Months | 5.095% / 5.354% |
12 Months | 4.318% / 4.577% |
24 Months | 4.189% / 4.447% |
36 Months | 4.060% / 4.318% |
48 Months | 3.932% / 4.189% |
60 Months | 3.803% / 4.060% |
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How Do Cadets Certificates Stack Up Against The Competition?
As we can see in the table below, Hughes Federal Credit Union offers average rates compare to other credit unions.
The rates for 6-month CD and 1-year CD are lower compared to what you can get with other credit unions such as CommunityWide or Connexus credit union.
Credit Union | CD Range | Minimum Deposit |
|---|---|---|
2.00% – 4.35% | $1,000 | |
4.80 % – 4.70 % | $1,000 | |
3.51% – 4.85% | $5,000 | |
0.50% – 5.00% | $250 | |
4.00% – 5.30% | $1,000 | |
2.25% – 5.00% | $50 | |
3.95% – 5.05% | $10,000 | |
0.30% – 4.75% | $500 | |
3.31% – 4.80% | $1,000 | |
4.85% | $1,000 |
Is It Competitive Rates Compared to Banks?
Compared to traditional banks like Wells Fargo, U.S Bank, or Citizen, Cadets Federal Credit Union offers higher rates for most CD terms.
However, when compared to online banks like CIT Bank, Capital One, or LendingClub, Cadets Federal Credit Union's Certificate rates for most CD terms are lower.
CD APY Range | Minimum Deposit | |
|---|---|---|
Marcus | 3.90% – 4.80% | $500 |
PNC Bank | 4.75% | $1 |
Sallie Mae | 4.75% – 4.90% | $2,500 |
Capital One | 3.90% – 4.50% | $0 |
Chase Bank | 3.25% – 4.75% | $1,000 |
Discover Bank | 2.00% – 5.10% | $2,500 |
CIT Bank | 0.30% – 3.50% | $1,000 |
Ally Bank | 3.75% – 4.90% | $0 |
Citi Bank | 0.05% – 4.51% | $500 |
BMO Harris | 0.05% – 4.50% | $1,000 |
Wells Fargo | 4.25%- 4.50% | $2,500 |
Synchrony Bank | UP TO 4.85 % | $0 |
Citizen Bank | 2.75% – 5.25% | $1,000 |
TD Bank | 1.00% – 5.00% | $250 |
LendingClub | 4.00% – 5.20% | $2,500 |
Can You Join Cadets Federal Credit Union?
To become a member of Cadets Federal Credit Union (CFCU), you can join through one of their current affiliated Field of Memberships. Once you become a member, you can remain a member for as long as you keep your account active.
There is a list of current affiliated Field of Memberships available, and if you work or belong to one of these affiliations, you are automatically eligible to become a member.
The list includes organizations such as Anfield Transport Inc., Assumption Parish, American Legion Post 1041, Aurora Plumbing & Excavation, Black Rock Historical Society, Buffalo Golf Club, DeLacy Ford, East Seneca Fire Company, Liston Manufacturing Inc., and Polish Cadets Club of Buffalo.
Also, if you are the spouse, child, or parent of a current CFCU member, you can join CFCU for free.
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Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
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About Cadets Federal Credit Union
Cadets FCU offers a range of financial products and services, including savings accounts, checking accounts, credit cards, auto loans, personal loans, and mortgages. Members can also access online banking services, mobile banking, and free e-statements. The credit union also provides financial education resources and personalized financial coaching to help members achieve their financial goals.
Cadets FCU also offers a range of benefits to its members, including competitive loan rates, free checking accounts, and access to over 5,000 shared branches and 30,000 surcharge-free ATMs nationwide.
Cadets Federal Credit Union (FCU) has experienced significant growth, with a membership of over 1,000 and increasing. The credit union's assets have exceeded $14 million and continue to grow steadily.
FAQs
Can I change the term of my certificate of deposit?
In most cases, you cannot change the term of a CD once it has been opened.
Can I open a certificate of deposit for my child?
Yes, you can open a CD for a child as long as you are listed as the custodian on the account. This can be a good way to save money for your child’s future expenses, such as college tuition.
What is a brokered certificate of deposit?
A brokered CD is a type of certificate of deposit that is sold through a brokerage firm rather than directly from a bank. These CDs can offer higher interest rates, but may also come with higher fees and restrictions.
How We Rate Certificates of Deposits: Our Methodology
The Smart Investor team has thoroughly examined certificate of deposit (CD) offerings from various banks, considering multiple factors to provide a comprehensive evaluation. Here's how we rated them across four key categories:
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CD Rates (50%): We meticulously analyzed the interest rates offered by each bank on their certificate of deposit (CD) products. Higher ratings were awarded to banks offering competitive rates that provide maximum returns for customers' investments. Factors such as the yield curve, current market conditions, and consistency of rates were considered to assess the attractiveness of each bank's CD rates.
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CD Features (30%): This category evaluated the features associated with each bank's certificate of deposit offerings. Factors considered include the variety of terms available, early withdrawal penalties, minimum deposit requirements, and any additional features or benefits. Higher ratings were given to banks offering a diverse range of CD terms, reasonable early withdrawal fees, and flexible options to meet customers' investment needs.
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Customer Experience (10%): A positive customer experience is paramount, even when investing in CDs. We assessed each bank's performance in this area, considering factors such as the ease of opening a CD account, the responsiveness of customer service, and overall user satisfaction. Higher ratings were assigned to banks with efficient account opening processes, helpful customer support, and a track record of satisfying customers.
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Bank Reputation (10%): The reputation of a bank is a critical consideration when investing in CDs. We evaluated each bank's reputation based on factors such as financial stability, regulatory compliance, and public perception. Higher ratings were given to banks with a solid reputation for reliability and trustworthiness, ensuring customers' investments are safe and secure.
By considering these categories and assigning appropriate weights to each, our review aims to provide valuable insights to help individuals make informed decisions when investing in certificate of deposits.
