The 6% CD Is Finally Back. Here's How to Get This Market-Leading Rate
KEY POINTS
- Nuvision Credit Union is offering a 10-month Certificate Special with a 6.00% APY.
- You have to join the Nuvision Credit Union to be eligible for this offer, but its membership criteria makes it available to pretty much anyone.
- The 10-month Certificate Special has a minimum deposit of $1,000 and maximum of $5,000.
Over the last year, the highest-paying certificates of deposit (CDs) have often been the most exclusive. For example, the 7-month 7.19% APY CD from Alpena Alcona Area Credit Union was available only to residents of Michigan. Likewise, the 9.50% APY 5-month CD from California Coast Credit Union was available only to residents of certain counties in California.
So when I saw this 6.00% APY 10-month Certificate Special from Nuvision Credit Union, I was admittedly skeptical. Expecting geographic restrictions like the aforementioned CDs, I was surprised to find there weren't any. In fact, for anyone who has $5,000 to invest in a CD, you'd be hard pressed to find a better offer than this. It might not be available for long, so if you're interested, let's take a look at what it entails.
This CD requires credit union membership, but joining Nuvision is open to all U.S. consumers
As you might expect, you have to become a member of Nuvision Credit Union in order to be eligible for this 10-month Certificate offer. However, unlike some credit unions we've reviewed, which require you to live in certain ZIP codes or work for specific companies to be eligible for membership, Nuvision makes it simple to join. If any of the following apply to you, you're eligible.
- An immediate family or household member is a member of Nuvision.
- You are a southern California or Mesa, Arizona Boeing employee or the household member or immediate family of one.
- You are an employee of one of the 74 companies that are included in Nuvision's select employer group.
- You are a consumer-member of the American Consumer Council (ACC).
That last one makes this credit union open to pretty much everyone. When I signed up to become a member of the American Consumer Council, I only had to enter my credentials and pay a $15 lifetime membership fee. With that membership comes a monthly consumer bulletin, free financial education workshops, and eligibility to join certain credit unions, including Nuvision.
Our Picks for the Best High-Yield Savings Accounts of 2024
Capital One 360 Performance Savings
![]() APY
4.25%
Rate info
See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 11, 2024. Rates are subject to change at any time before or after account opening.
Min. to earn
$0
Open Account for Capital One 360 Performance Savings
On Capital One's Secure Website. |
APY
4.25%
Rate info
See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of April 11, 2024. Rates are subject to change at any time before or after account opening.
|
Min. to earn
$0
|
American Express® High Yield Savings
![]() APY
4.25%
Rate info
4.25% annual percentage yield as of August 24, 2024
Min. to earn
$1
Open Account for American Express® High Yield Savings
On American Express's Secure Website. |
APY
4.25%
Rate info
4.25% annual percentage yield as of August 24, 2024
|
Min. to earn
$1
|
UFB Portfolio Savings Account
![]() APY
5.15%
Rate info
To ensure you keep getting the highest rate at UFB, you'll need to keep an eye on their rates. Occasionally, the bank launches new accounts with higher rates. Existing accounts need to contact the bank to request being moved to one of these new accounts.
Min. to earn
$0
Open Account for UFB Portfolio Savings Account
On UFB's Secure Website. |
APY
5.15%
Rate info
To ensure you keep getting the highest rate at UFB, you'll need to keep an eye on their rates. Occasionally, the bank launches new accounts with higher rates. Existing accounts need to contact the bank to request being moved to one of these new accounts.
|
Min. to earn
$0
|
Nuvision's 10-month Certificate has a 6.00% APY, but there is one catch
Once your ACC membership is approved, you can join Nuvision and apply for its 10-month Certificate. But, before you count your chickens, there is one limitation you should know -- The Nuvision 10-month Certificate Special has a minimum deposit of $1,000 and maximum deposit of $5,000.
In other words, this CD has the potential to earn between about $50 and $250 in interest. Subtracting the cost of joining the American Consumer Council, that's about $35 to $235 in total earnings.
That said, if you're not interested in joining the American Consumer Council -- or don't want the $15 fee to eat into your earnings -- there are still plenty of great CD offerings on the market today. If you're confident a CD is the right investment, take a second to compare this Nuvision offer to some of the best CDs on our list and see which one will grow your money the most.
Our Research Expert
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Related Articles
View All Articles