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  American Airlines Credit Union Share Certificate
American Airlines Credit Union Share Certificate
in CD Accounts from American Airlines Credit Union · Insured by NCUA
Unaffiliated

American Airlines Credit Union Share Certificate

Unaffiliated
in CD Accounts from American Airlines Credit Union · Insured by NCUA
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Highlights
APY (Annual Percentage Yield) 0.5% - 0.8%
(Verified 08/04/2023)
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 12 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years

American Airlines Credit Union Share Certificate Review

American Airlines Credit Union Share Certificate are offered by American Airlines Credit Union, a credit union founded in 1936 and based in Fort Worth, TX. American Airlines Credit Union CD are available in 50 states (and Washington, DC).

Key Takeaways

  • Small selection of CD account types. American Airlines Credit Union CD only offers IRA and traditional CDs.
  • Higher than average APY. American Airlines Credit Union Share Certificate has an annual percentage yield of up to 0.8%, which is higher than the national average for 3-month CDs.
  • $1,000 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. American Airlines Credit Union CD allows you to create a certificate ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of American Airlines Credit Union Share Certificate

Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • Available in all 50 states.
  • High-dividend yield
  • There isn't a no-penalty certificate option.

American Airlines Credit Union Share Certificate FAQ

Are share certificates from American Airlines Credit Union federally insured?

Yes, your share certificates are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What is the difference between CDs and Share Certificates?

Certificates of Deposit (CDs) and Share Certificates are both deposit accounts where your money can grow at a fixed rate for a predetermined period of time. Both are low-risk and federally insured products designed to give you a better rate on your deposits than typical savings accounts. The main difference between them is that CDs are offered by for-profit banks, whereas Share Certificates are offered by member-owned, not-for-profit credit unions.

What types of share certificates does American Airlines Credit Union offer?

American Airlines Credit Union CD provides the following types of share certificates.
  • Traditional share certificates. These share certificates pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the share certificate for another term.
  • IRA share certificates. An IRA share certificate is a type of IRA that consists entirely of share certificates. In general, you can invest in share certificates in any IRA, but American Airlines Credit Union CD offers a share certificate that is specifically for retirement.

What rates does American Airlines Credit Union offer on its share certificates?

American Airlines Credit Union CD offers an APY starting at 0.5% and ranging up to 0.8%. APY stands for annual percentage yield and shows the interest rate paid by the share certificate after taking into account compounding.

What terms does American Airlines Credit Union CD offer?

American Airlines Credit Union offers share certificate terms of the following lengths:
American Airlines Credit Union Share Certificate Rates & Terms
Description
APY (Annual Percentage Yield) 0.5% - 0.8%
12-Month APY 0.5%
2-Year APY 0.55%
3-Year APY 0.65%
4-Year APY 0.7%
5-Year APY 0.8%

What is the minimum deposit to open a share certificate account with American Airlines Credit Union?

American Airlines Credit Union CD require a minimum deposit of $1,000 to open an account.

What is the grace period for American Airlines Credit Union CD?

There is a 10-day grace period for American Airlines Credit Union CD. A grace period is a period of time during which you can withdraw the money in your share certificate without paying an early withdrawal penalty. A grace period starts the day after a share certificate’s maturity date, or the final day a share certificate is opened. Standard share certificates renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new share certificate rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does American Airlines Credit Union charge?

Financial institutions don't typically charge many fees on share certificates. However, most charge a fee if you choose to withdraw your money before the term ends.

American Airlines Credit Union does not charge an early withdrawal fee.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Other CD Accounts by American Airlines Credit Union

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
APY (Annual Percentage Yield) 0.5% - 0.8%
(Verified 08/04/2023)
12-Month APY 0.5%
2-Year APY 0.55%
3-Year APY 0.65%
4-Year APY 0.7%
5-Year APY 0.8%
Certificate Term
  • 12 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years
CD Accounts
  • Traditional
  • IRA
Grace Period for Account Changes 10 days

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