WENTZVILLE, Mo.–1st Financial Federal Credit Union said it has raised its certificate of deposit dividends, with its 44-Month CD now paying 2.85% APY – more than three times the national bank average for similar terms.
The new rate is limited to its special jumbo CD and represents a bump of 60 basis points.
1st Financial said rate increases have also been made to a number of its other certificates on terms ranging from three to 60 Months.
"The majority of our members are not rate chasers – they come to 1st Financial for consistently high rates and tend to stay with us,” said Carol Minges, 1st Financial’s CEO. “We set our pricing where we believe we can sustain it so our members don't have to keep bouncing from bank to bank to find that extra basis point."