Golden Plains Credit Union (KS) Adds 14-Month CD Special


Deal Abstract: 14-month CD Particular, 0.91% APY, $5k minimal deposit.

Availability: 77 Central, Western, and Southeast Kansas counties.

Based on Golden Plains Credit Union’s (GPCU) 14-month CD Particular landing page, “August means it is again to financial savings with our present CD Particular!” The newly added 14-month CD Particular earns 0.91% APY. The minimal opening deposit for this limited-time CD Particular is $5k, with no acknowledged steadiness cap.

APY MIN MAX INSTITUTION PRODUCT DETAILS
0.91% $5k Golden Plains Credit score Union 14 Month CD Particular

Charges as of August 2, 2021.

This 14-month CD Particular is much like the 15-month CD Particular that I reviewed in March. It is a constructive signal that this 14-month price is 10 bps increased than the speed of the outdated 15-month CD Particular.

Based on CSR, the Early Withdrawal Penalty is 180 days of curiosity, with partial withdrawals allowed.

Opening and Funding a 14-month CD Particular

Present members can open the CD Particular at any department location, by telephone, or by means of a secured electronic mail utilizing GPCU’s On-line Banking platform. These making use of for membership first want to determine membership after which switch funds for the CD Particular into their financial savings account. As soon as the funds are within the financial savings account, the CD Particular will be opened in-branch, by telephone, or secured electronic mail. GPCU participates within the CO-OP Shared Department community, making the switch of funds comparatively simple.

Golden Rewards Checking

The Golden Rewards Checking (GRC) account at present earns 1.56% APY on qualifying balances as much as $25k. Qualifying balances larger than $25k earn 0.16% APY, with non-qualifying balances incomes 0.05% APY. The month-to-month qualifying necessities embody,

  • At the very least ten debit card transactions
  • Obtain e-Statements
  • Log into Golden Plains On-line not less than as soon as

The GRC is proscribed to at least one per member and two per family. After I wrote in regards to the GRC in 2008, it was obtainable outdoors Kansas, however that has modified. As acknowledged within the GRC FAQs, a GRC account will be opened by Golden Plains Credit score Union Members and Kansas Residents ONLY.

The GRC has no month-to-month service charge or minimal steadiness requirement, however does require a $100 minimal opening deposit. Nationwide ATM charges will likely be reimbursed as much as $25 per 30 days, if the qualifying necessities are met.

Freedom 12 e-Checking

The Freedom 12 e-Checking account is a money again account paying 2% money again on month-to-month debit card purchases as much as $600 per 30 days (most of $144 annual earnings) when the next month-to-month necessities are met.

  • At the very least 12 debit card transactions
  • Obtain e-Statements
  • Log into Golden Plains On-line not less than as soon as

The Freedom 12 e-checking account has no month-to-month service charges, minimal steadiness requirement, or minimal opening deposit requirement. Nationwide ATM charges will likely be reimbursed as much as $12 per 30 days, if the qualifying necessities are met.

Greater than two Freedom 12 e-Checking accounts can by opened by members of the identical family.

There’s a restrict of 1 Freedom 12 e-Checking account per member; a restrict of two Freedom 12 e-Checking accounts per family, except there are “college students” residing within the family. These college students could be eligible for Freedom 12 e-Checking accounts along with the two adults (dad and mom) inside the identical family.

Availability

Headquartered in Backyard Metropolis, Kansas, Golden Plains Credit score Union’s discipline of membership (FOM) is primarily group primarily based, with those that reside, work, or worship in any of the next 77 Central, Western, and Southeast Kansas counties eligible to hitch:

Allen, Anderson, Barber, Barton, Bourbon, Butler, Cherokee, Cheyenne, Clark, Clay, Cloud, Comanche, Cowley, Crawford, Decatur, Dickinson, Edwards, Ellis, Ellsworth, Finney, Ford, Geary, Gove, Graham, Grant, Grey, Greeley, Hamilton, Harper, Harvey, Haskell, Hodgeman, Kearney, Kingman, Kiowa, Labette, Lane, Lincoln, Linn, Logan, McPherson, Marion, Meade, Mitchell, Montgomery, Morton, Neosho, Ness, Norton, Osborne. Ottawa, Pawnee, Phillips, Pratt, Rawlins, Reno, Rice, Riley, Rooks, Rush, Russell, Saline, Scott, Sedgwick, Seward, Sherman, Smith, Stafford, Stanton, Stevens, Sumner, Thomas, Trego, Wallace, Wichita, or Wilson.

Members of the Friends of Lee Richardson Zoo ($30 charge) or the Leave a Legacy Foundation additionally qualify for membership.

As I famous in a March 2021 weblog submit, it’s shocking {that a} credit score union with an FOM that features almost 75% of all Kansas counties doesn’t have a web-based membership software. Based on CSR, becoming a member of GPCU have to be achieved in individual at any of 13 Kansas branches, that are situated in Ellsworth, Backyard Metropolis (2), Hays, Haysville, Hesston, Lakin, Liberal, Parsons, Phillipsburg, Quinter, Ulysses, and Wichita. GPCU’s web site makes no point out of any COVID-related restrictions (restricted hours, short-term closures, and many others.) for the department places.

All it’s important to do is open a financial savings account and preserve
a $10 steadiness and you may develop into a member, too!

GPCU participates in each the CO-OP Shared Department and ATM networks.

Credit score Union Overview

Golden Plains Credit Union has an total well being grade of “A” at DepositAccounts.com, with a Texas Ratio of 1.87% (wonderful), primarily based on March 31, 2021 information. Prior to now yr, GPCU has elevated its whole non-brokered deposits by $120.83 million, a wonderful annual development price of 20.03%. Please confer with our financial overview of Golden Plains Credit Union (NCUA Constitution # 62542) for extra particulars.

Established in 1951, Golden Plains Credit score Union is at present the fifth largest credit score union headquartered in Kansas, with almost 80,000 members and property in extra of $816 million. As I discussed earlier, GPCU restricted the supply of its rewards checking account again in 2008. This alteration was compelled by the passage of a “powerful discipline of membership and branching invoice pushed efficiently by the banking foyer” in Kasasa. Based on a CUTimes.com article,

The state’s eased legal guidelines on statewide branching for credit score unions appear about to finish and will trigger a discount in CU membership development.

The excellent news, in accordance with the management of the Kansas Credit score Union Affiliation, is that the invoice drafted by the Kansas Bankers Affiliation months in the past and handed by the Senate March 19 by a lopsided 35-2 margin, has an in depth grandfather clause protecting present branches, occupation and affiliation teams, counties and geographic FOM for many Kansas CUs.

Nonetheless, 9 CUs [including GPCU], principally in Wichita and Topeka, would face what’s being referred to as an enlargement rollback. As well as, if the invoice is enacted, new and complex formulation–together with a so-called escalator clause–could be utilized to limit new branches, mergers or the addition of recent members primarily based on a mix of metropolitan statistical space inhabitants development and county boundaries.

How the CD Particular Compares

When in comparison with the similar length-of-term CDs tracked by DepositAccounts.com which are obtainable inside the FOM and require an identical minimal deposit, Golden Plains Credit score Union’s 14-month CD Particular APY at present ranks first.

Curiosity Fee CD Size of Time period Credit score Union/Financial institution
0.91% APY 14-Month CD Particular Golden Plains Credit score Union
0.80% APY 1-Yr Fastened CD Lafayette Federal Credit score Union
0.75% APY 12-Month Share Certificates CommunityWide Federal Credit score Union

The above info and charges are correct as of 8/5/2021.

To search for the very best CD charges, each nationwide and state particular, please confer with our CD rates web page.



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