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7.00% CD (!) at AA Credit Union — and one more deal
AA Credit Union (American Airlines’ credit union) has a great CD deal going on — but with a couple catches. They’re offering a 7.00% APY, 12-month CD to their members in what’s called their “777 Share Certificate,” but to get that rate, you also “must have an AA Credit Union Visa® Platinum Rewards Credit Card (Credit Card) in good standing or apply and be approved (subject to credit approval) for the Credit Card.” There’s also a maximum on the CD of $7000, so that lowers its effective usefulness as well. The 7.00% rate is scheduled to continue through the end of this month.
On the other hand, if you’re looking for long-term CDs and are eligible to join AA Credit Union (more about that further down), they also have a 60-month CD that’s earning 5.61% APY with only one restriction: A $10,000 minimum. If you don’t meet that minimum, the rate drops to 5.35%.
AA Credit Union is open to anyone who works directly with the air transportation industry — not just American Airlines employees. This includes airline employees, TSA and FAA employees, baggage handlers, those who deal airline food services, and others. It also is open to those who are retired from the air transportation industry.
The four local branches of AA Credit Union are all located on the grounds of O’Hare Airport — in Terminal 3, Concourse K; in Terminal 3, Concourse G; in the West Mezzanine Level, Terminal 3; and at 9950 W. Lawrence Ave., Suite 219.
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