Actors Federal Credit Union offers a competitive interest rate for their certificate of deposit. The following are the list of the credit union’s current CD rates:

• 6 months        0.55% APY
• 12 months      0.65% APY
• 24 months      1.00% APY
• 36 months      1.40% APY
• 60 months      2.40% APY

This money in the bank deal requires an initial deposit of only $500 to open an account. Please note that once your CD account has been established you will no longer be allowed to make additional deposits or make change on your account. The credit union also charges a penalty when you withdraw money from your account before the maturity date. The amount of early withdrawal fee that will be charge on your account will depend on the term of your certificate of deposit.

You will receive a written notification weeks before your certificate of deposit account matures. You will also be given a grace for you to have enough time to make changes on your account or withdraw your money without penalty. The interest rates listed above is subject to change without prior notice.

Individuals who are interested to earn this best certificate of deposit rate needs to be a member of the credit union. You must be employed to one of their select employee groups. The list of the companies and organizations can be found on the credit union’s website. Immediate family which includes spouse, children, siblings, parents, grandparents, and grandchildren are also eligible to join.

You may download the membership application form online. You also need to bring the following requirements when applying like proof of organization affiliation or union, copy of valid picture ID (driver’s license or passport), social security number, proof of address (utility bill), and a minimum deposit of $100 on your new share savings account.

If you have questions or concerns with regard to their certificate of deposit, current interest rates, or membership eligibility you may contact their Member Services at 800-222-8677. Actors Federal Credit Union has several branches located in the state of New York, Illinois, and California.

Actors Federal Credit Union was established in 1962. They have 19,503 members with over $142 million in declared assets. The credit union is registered under the National Credit Union Association and has a charter number 15358.