Last Updated: 04/18/2025
American Airlines FCU Share Certificate
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.80%(Verified 06/21/2024)
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Minimum Opening Deposit
Starting at $25
Certificate Term
5 years
American Airlines FCU Share Certificate Review
American Airlines FCU Share Certificate are offered by American Airlines Credit Union, a credit union founded in 1936 and based in Fort Worth, TX. American Airlines Federal Credit Union dream plan share CD are available in 50 states and Washington, DC.
Key Takeaways
- Only one share certificate type available. American Airlines Federal Credit Union dream plan share CD only offers traditional share certificate accounts.
- Higher than average APY. American Airlines FCU Share Certificate has an annual percentage yield of up to 0.80%, which is higher than the national average for 3-month CDs.
- Small minimum initial deposit. You only need $25 to open an account.
- Limited selection of share certificate terms. American Airlines Federal Credit Union dream plan share CD only offers one share certificate term. This limits your options when trying to set up a certificate ladder.
Pros & Cons of American Airlines FCU Share Certificate
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American Airlines FCU 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 Federal Credit Union dream plan share 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.
What rates does American Airlines Credit Union offer on its share certificates?
The share certificate rates for this account have an APY of0.80% (APY stands for annual percentage yield, rates may change).
What terms does American Airlines Federal Credit Union dream plan share CD offer?
American Airlines Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term | 5 years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 0.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with American Airlines Credit Union?
American Airlines Federal Credit Union dream plan share CD require a minimum deposit of $25 to open an account.
What is the grace period for American Airlines Federal Credit Union dream plan share CD?
There is a 10-day grace period for American Airlines Federal Credit Union dream plan share 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 charges an early withdrawal fee.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:00PM
Tuesday
8:30AM - 5:00PM
Wednesday
8:30AM - 5:00PM
Thursday
8:30AM - 5:00PM
Friday
8:30AM - 5:00PM
Saturday
Closed