First American Credit Union has a money in the bank opportunity with their best certificate of deposit rates. The credit union has the following cd interest rates organized into tiers:

$1,000 to $49,999

• 6 months               0.75% APY
• 1 year                    1.01% APY
• 2 years                  1.31% APY
• 3 years                  1.56% APY
• 5 years                  2.37% APY

$50,000 to $99,999

• 6 months              0.90% APY
• 1 year                   1.26% APY
• 2 years                 1.41% APY
• 3 years                 1.76% APY
• 5 years                 2.52% APY

This top certificates of deposit rates require a minimum deposit of $1,000 to open an account. This balance must be maintained in order to earn this best interest rate. The credit union may also imposed a penalty on to your account if you make a withdrawal before the maturity date. Please also note that for certificates with over $90,000, they receive their dividends every month.

Interested individuals may visit the credit union’s office to open this best certificate of deposit account. If you are not yet a member of the credit union you may apply first for membership. You are also required to open a share savings account with a minimum deposit of $5 to become a member. The credit union’s website does not provide specific information with regard to their field of membership. You may call their member service line for assistance thru 800-759-9442.

First American Credit Union has 3 branches located in the cities of Window Rock and Case Grande in the state of Arizona and another in Gallup, New Mexico. The credit union is also insured by NCUA and has been in service since 1962.