Press Releases

U.S. Senate Federal Credit Union Share Certificate Rates Hit New 2022 High -- 5-year Certificate at 2.28% APY*

Published: July 11, 2022

U.S. Senate Federal Credit Union Share Certificate Rates Hit New 2022 High -- 5-year Certificate at 2.28% APY*

Alexandria, VA - In July, United States Senate Federal Credit Union (USSFCU) made big moves with increases on almost every Share Certificate tier level. The biggest increase was to the 5-Year Certificate with a whopping jump of 1.2 basis points sending the rate soaring to 2.28% APY*. These rate moves by the Credit Union catapulted USSFCU to having rates 40% higher than the national average.

2.28% APY* – 5-Year Certificate /IRA/ROTH

2.02% APY* – 4-Year Certificate /IRA/ROTH

1.77% APY* – 3-Year Certificate /IRA/ROTH

1.51% APY* – 2-Year Certificate /IRA/ROTH

1.26% APY* – 1-Year Certificate /IRA/ROTH

A similar increase was made on the Bump Certificate, which saw the biggest jump on the 5-Year with another 1.2 basis points increase, launching the 5-Year Bump Certificate ($60k+) to 2.17% APY. With rates consistently on the rise, this may be the best option to lock in now and bump up once the rates peak.

2.17% APY* – 5-Year Bump Certificate/IRA/ROTH

1.92 % APY* – 4-Year Bump Certificate/IRA/ROTH

1.66% APY* – 3-Year Bump Certificate/IRA/ROTH

Increases were also made to all Money Market tier levels. Click here to see all tiers levels and to view all USSFCU rates.

What is a Share Certificate?

A share Certificate is a credit union’s version of a certificate of deposit or CD. Certificates typically have much higher yields than savings or money market account, but they require an investment timeframe anywhere from a matter of months to years. Certificates are also seen as a safer way to invest than the stock marketing since you can never lose you initial investment and you lock your rate for a period of time.** Much like a bank’s CD, a share certificate is federally insured up to $250,000 by the NCUA. Now that you know what a share certificate is, here is a great article with investment strategies for share certificates and CDs.

About USSFCU

Established in 1935 and headquartered in Alexandria, USSFCU is a $1.4 billion financial institution serving over 45,000 members around the world. A Best of Bauer financial institution for the past 25 years, USSFCU has a track record of stability, security and service. Offering rates 40% higher than the national average, USSFCU is committed to giving back to its members.***

USSFCU membership is open through a contribution to the US Capitol Historical Society (USCHS) or by joining the American Consumer Council – Virginia Chapter (VACC). Membership is also open to employees of The United States Senate, The United States Supreme Court, The Government Accountability Office, US Capitol Police and over 100 additional Select Employer Groups. Learn more at ussfcu.org/joinus

*APY=Annual Percentage Yield. Yield and Dividend rates as of July 1, 2022 and subject to change. APY shown for Share and Bump Certificates based on $60k+ & Jumbo tier levels. Early withdrawal penalties may apply. See Fee Schedule for more details. https://www.ussfcu.org/resources/fee-schedule/transactional-fees-charges.html

** Must maintain a certain level of account activity in order to avoid dormancy and possible escheatment of funds. Early withdrawal penalties may apply.

***Data source (07/07/2022): DepositAccounts.com https://www.depositaccounts.com/banks/united-states-senate-cu.html#rates

Membership eligibility required. Federally insured by NCUA.

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Members' Voice Testimonials

This credit union is the best, I love the customer service and you can't beat the interest rates. I'm happy to be a member of this great credit union.

- James · Locust Grove, GA

The branch manager introduced herself and was extremely helpful. She stated that if there is anything we ever need to please let her know. Very positive experience!

- Larry · Cumberland, MD

Greta was absolutely amazing - as always. She makes me and my parents feel valued and supported. We are forever grateful. [The Credit Union] has been hugely supportive over many years. And we feel known and cared for.

- Eliza · Washington, DC

Long as I have been with the credit union, I haven't had any problems. I also like the protection on my account.

- Charles · Upper Marlboro, MD

My overall experience at the credit union was exceptional. The staff was hospitable offering water, my service was timely and professional and the office was well lit and clean.

- Denise · Washington, DC

As a member for more than 40 years, i have always had great service from the USSFCU and know that they stand behind their great reputation.

- David · Silver Spring, MD

A top rate Credit Union, [I'm] privileged to be part of! Thank you for all you do for our family! USSFCU Credit Union was able to resolve our financial situation - vehicle, personal loans, customer service/recommendations, within 6 months. We belonged to another credit union for over 20 years, with results not even close to comparison. We switched ...

- Manuel · Bowie, MD

Your people and products are amazing. The recent [online banking] overhaul is phenomenal. [I've] been electronic banking since Tele action phone banking - paying bills with my push button landline decades ago. USSFCU is light years ahead of everyone else in terms of ease of use and client experience!

- Misty · Brookings, OR

I have been a member for more than 30 years. I no longer reside in the DC area but continue to bank with USSFCU because of the ease and the customer service.

- Tamra · Denver, CO

I have been a member for over 50 years, and I have always gotten good service with loans, when I had to have service at a branch, and when I needed to have money sent to me from my savings account. The personnel have always been friendly and treated me with respect.

- John · Fort Washington, MD

I especially appreciate being able to quickly speak with someone (not a robot) and that person has always been knowledgeable and helpful.

- Bernard · Richmond, VA

Excellent customer service streamlined and transparent process. The representatives are efficient, knowledgeable, and understanding of the type of loans offered by Credit Union.

- Erwin · Ellicott City, MD

The USSFCU behaves as a credit union ought to behave. The staff works with and for the members, not for a corporate board. Interest rates for a car loan, a home improvement loan, and a mortgage are low and terms are transparent.

- Ruth · Takoma Park, MD

Staff are courteous and friendly to work with. Very knowledgeable about services and products offered or available. Excellent follow-up with customers.

- Jacquelyn · Sanford, FL

I have appreciated USSFCU services for many years since I left my work on Capitol Hill. I have appreciated the occasional webinars on purchasing a home or retirement planning.

- Jamie · Washington, DC

I have been a member since 2006, and have always appreciated the customer service response to any concern or query. In addition, as I have traveled extensively, USSFCU has provided support and access.

- Kathleen · Ukiah, CA

I've had a credit union account for decades, even though I no longer work on Capitol Hill. I now have two accounts. I've been able to do all of our banking remotely, by app or by phone.

- Richard · Washington, DC

I have been a USSFCU member for almost 20 years. There is nowhere else I want my money to be. I always receive excellent service.

- Nicole · Alexandria, VA

I deeply appreciate the stellar service, the proficiency, the professionalism, and the kindness. I am truly honored and grateful to bank with a financial institution that treats customers like family.

- Angela · Alexandria, VA

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