Financial Resources Federal Credit Union (FRFCU) in New Jersey has introduced a 13-month CD Special with a base APY of 4.49%.
Members can potentially earn up to 4.49% APY through Relationship Premium Rates, based on their engagement with the credit union.
Membership in FRFCU is accessible to U.S. citizens and resident aliens who possess a valid Social Security number, achievable through joining the American Consumer Council (ACC). Thus, this opportunity is offered nationwide.
You can open an account either online or by visiting one of our seven branches in New Jersey.
This offer requires a minimum deposit of $500 and has no stated balance cap.
READ MORE: SEE THE BEST CD RATES HERE
FRFCU Offer Details
The 13-month CD Special features:
- A base APY of 4.49%.
- The possibility of a Relationship Premium APY up to 4.49%.
- The CD is also available as an IRA CD Special (Traditional, Roth, CESA) with the same APYs and deposit requirements.
Rates last updated October 19, 2024.
TRENDING DEAL:
Disclaimers:
The Annual Percentage Yield (APY) is accurate as of 12/5/2025. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account. Axos ONE® Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.The Axos ONE® Checking account will earn a base rate of 0.00% APY. The Axos ONE® Savings account will earn a base rate of up to 1.00% APY.Axos ONE® accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE® Checking and Axos ONE® Savings, the Axos ONE® Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:Option 1Your Axos ONE® Checking account has received monthly qualifying direct deposits of at least $1,500 in total.The average daily balance of your Axos ONE® Checking account is at least $1,500.Option 2Your Axos ONE® Checking account has received monthly qualifying deposits of at least $5,000 in total.The average daily balance of your Axos ONE® Checking account is at least $5,000.If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:The Axos ONE® Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.The Axos ONE® Savings account will earn a promotional rate of up to 4.31% APY for the statement cycle in which the requirements are met.The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits or qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the promotional APY starting in the following month.A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. International paychecks, international government benefits, other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.), or person-to-person payments are not considered a direct deposit.Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.Both accounts must be in an open and active status on the 25th of the month and on the date the interest is paid to receive the promotional APY for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account. Show Less
Relationship Premium Rates
The Relationship Premium Rates include:
- An additional 0.10% APY for an active checking account.
- An extra 0.10% APY for having an existing consumer loan (certain exclusions apply).
- An additional 0.10% APY for holding a FRFCU Mortgage or Investment Account.
READ MORE: SEE THESE CASH BACK SHOPPING DEALS AND PROMOTIONS FOR BONUS CASH AND REWARDS
Early Withdrawal Penalty
The Early Withdrawal Penalty is nine months of dividends on the amount withdrawn, applicable for accounts with an original maturity of 13 to 23 months.
Availability and Account Opening
Membership in FRFCU is open to U.S. citizens and resident aliens with a valid Social Security number through membership in the American Consumer Council (ACC). Account opening is available online or at any of seven New Jersey branches. A $10 Membership Savings account is required to start the FRFCU relationship.
Funding and Other Details
- Funding options include ACH or internal transfer.
- Dividends are compounded and credited monthly.
- Maturing funds can be transferred to an FRFCU checking or savings account or issued as a cashier’s check.
- Beneficiaries can be added with unlimited numbers and equal shares.
Trending Checking Account Deal:
Credit Union Overview
FRFCU was founded in 1950. It has evolved significantly over the years and is now the third-largest credit union in New Jersey, serving nearly 29,000 members with assets over $613 million.
Our Take on the Offer
FRFCU’s 13-month CD Special is an appealing choice for savers, particularly for those who can leverage the Relationship Premium Rates.
The flexibility in earning higher rates based on account relationships adds an innovative aspect to this CD.
However, members should consider the early withdrawal penalty, especially for shorter-term investments.
READ MORE: SEE THE BEST CD RATES HERE
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
Frequently Asked Questions
Q: Is membership in FRFCU open to anyone in the U.S.? A: Yes, membership is open to all U.S. citizens and resident aliens through the American Consumer Council (ACC).
Q: Can the 13-month CD Special be opened online? A: Yes, you can open the 13-month CD Special online or at one of FRFCU’s New Jersey branches.
Q: Are there any account services that increase the CD’s APY? A: Yes, having an active checking account, an existing consumer loan, or a FRFCU Mortgage or Investment Account can increase the APY.
Q: What is the minimum deposit required for the 13-month CD Special? A: The minimum deposit is $500.
Q: What happens if I need to withdraw funds early from the CD? A: An early withdrawal will incur a penalty equivalent to nine months of dividends.
Q: How does the 13-month CD Special’s rate compare to other CDs? A: The base rate is competitive, and with Relationship Premiums, it can be one of the top rates available. However, without these premiums, it may fall slightly behind the highest rates in the market.
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