SRP Federal Credit Union typically offers share certificates of deposit in the Central Savannah River Area at competitive rates, but today the credit union has an offer for new members with an ultra-competitive yield.  The federally insured credit union is currently offering a 54-month term certificate of deposit with an Annual Percentage Yield (APY) at 3.54%.

This is a limited time deal, the credit union promotion is available only to new memberships opened between June 1, 2018 and June 30, 2018.  The high yielding account requires a minimum deposit of $500.00, requires funds to remain on deposit for seven days or more, and carries a penalty for early withdrawal.

SRP is based in North Augusta, South Carolina and serves any person who lives, works, worships, volunteers or attends school in, and businesses and other legal entities located in Aiken, Allendale, Barnwell or Edgefield county in South Carolina or Burke, Columbia, Lincoln, McDuffie or Richmond county in Georgia.

SRP Credit Union operates similar to a commercial bank in the products and services they offer in addition, it must adhere to many of the same requirements and regulations as local banks. However, as a federally insured credit union, SRP is a not-for-profit cooperative, established to serve their members.  This allows the institution to frequently offer high yield savings account, including certificates of deposit, to its members.

Granted, this CD rate promotion is for a relatively long-term commitment, 54 months. savers and investors that believe the current level of interest rates is already should generally find this promotion quite alluring.  However, it is always wise to keep in mind that it’s impossible to predict the future and rates may move higher in the months to come.

SRP FCU reserves the right to modify, restrict, change, or terminate this offer at any time without notice.  Penalties assessed for early withdrawal on certificates which may reduce earnings. New membership required.  Offer ends June 30, 2018. Interested parties can visit any SRP location or visit srpfcu.org for further information. Federally insured by NCUA.

SRP Federal Credit Union serve as a financial institution for over 100,000 members in the Central Savannah River Area of Georgia and South Carolina.  The institution provides a variety of personal savings programs, interest-earning checking accounts, competitive loan options, and a variety of other convenient services to meet the needs of its members.  More information in the credit union CD rates as well as other savings and loan products can be obtained by calling an SRP customer service representative at 1(800) 237-9829.

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