Wentzville (June 27, 2018) – 1st Financial Federal Credit Union hiked its Certificate of Deposit (CD) dividend rates this month. A 44-Month CD is now 2.85% APY — more than 3X times the national bank average for similar terms — offering members in the St. Louis area an opportunity to grow their money faster and improve their financial well-being.
The new rate for the special jumbo CD represents a bump of 60 basis points, and rate increases were made to a number of the credit union’s CDs with terms ranging from 3 to 60 Months.
“The majority of our members are not rate chasers — they come to 1st Financial for consistently high rates and tend to stay with us,” said Carol Minges, 1st Financial’s CEO. “We set our pricing where we believe we can sustain it so our members don’t have to keep bouncing from bank to bank to find that extra basis point.”
1st Financial members also enjoy free online and mobile banking, access to more than 30,000 surcharge-free ATMs, and more than 5,000 nationwide CO-OP branches.
For more information, please contact 636-916-8300 or visit www.thebetterwaytobank.org.
About 1st Financial Federal Credit Union
Established in 1968, 1st Financial Federal Credit Union is full-service financial cooperative whose mission is to improve the financial well-being of its members. With assets exceeding $250 million, 1st Financial serves more than 34,000 members. For more information about 1st Financial Federal Credit Union, visit www.thebetterwaytobank.org.