DUNEDIN, Fla.—Another example of how CUs are looking ahead to what is likely a rising-rate environment by the end of the year—with deposits potentially flowing out to mutual funds—Achieva Credit Union has introduced two new high-rate CDs.
The $1.1-billion Achieva is offering a 15-month CD that paid 1.25% APY as of August 24, and a 30-month CD at 1.75%. The minimum opening deposit for either is $1,000. There is no maximum balance cap.
Both CDs are available as IRAs with the same funding, but with higher APYs (25 basis points). IRAs with a minimum $75K deposit earn APYs 45 basis points higher.