Banking » Reviews » Cadets Federal Credit Union CDs: All You Need To Know
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Cadets Federal Credit Union CDs: All You Need To Know

Cadets Federal Credit Union offers competitive CD rates and terms between 6 months to 5 years. Compare rates, terms and alternative CDs
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Cadets Federal Credit Union Certificates

APY Range

3.803% – 4.577%

Minimum Deposit

$1,000 / $50,000

Terms

6 months – 5 years

Our Rating

4.5
4.5/5

Cadets Federal Credit Union Certificates

APY Range

3.803% – 4.577%

Minimum Deposit

$1,000 / $50,000

Terms

6 months – 5 years

Our Rating

4.5
4.5/5

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
5.08%-5.20%
$1,000
3.51% – 4.85%
$5,000
0.50% – 4.88%
$250
4.00% – 5.30%
$1,000
2.25% – 4.00%
$50
4.30% – 5.30%
$10,000
0.30% – 4.75%
$500
3.31% – 5.07%
$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
4.00% – 5.05%
$500
PNC Bank
5.05%
$1
Sallie Mae
4.00% – 4.95%
$2,500
Capital One
4.00% – 5.10%
$0
Chase Bank
3.00% – 4.75%
$1,000
Discover Bank
2.00% – 4.70%
$2,500
CIT Bank
0.30% – 3.50%
$1,000
Ally Bank
3.00% – 4.50%
$0
Citi Bank
0.05% – 4.75%
$500
BMO Harris
0.05% – 4.50%
$1,000
Wells Fargo
4.75%- 5.01%
$2,500
Synchrony Bank
2.05% – 5.15%
$0
Citizen Bank
2.75% – 5.50%
$1,000
TD Bank
1.00% – 5.00%
$250
LendingClub
4.00% – 5.15%
$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.

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

In most cases, you cannot change the term of a CD once it has been opened.

 

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.

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:

  • 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.

  • 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.

  • 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.

  • 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.

Compare CD Rates

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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