American Heritage Credit Union Review: Checking, Savings, CD, Money Market and IRA Accounts

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners.

Written By

Updated on Sunday, November 1, 2020

American Heritage Credit Union’s checking account options

Totally Free Checking Plus

The credit union’s entry-level checking account carries additional features not usually seen in a fee-free offering.
APYMinimum Balance to Earn APY
0.10%$1,000
  • Minimum opening deposit: $0
  • Monthly account maintenance fee: $0
  • ATM fee: $0 on American Heritage/Proprietary Machines; $0 on other machines up to 10 transactions per month; $1 per transaction thereafter
  • ATM fee refund: None
  • Overdraft fee: $0 on 6 overdraft transfers per month from your primary Share Savings Account; otherwise, $25; with overdraft privilege fee, $24 for overdrafts greater than $25, $10 for overdrafts less than or equal to $25

Lots of checking accounts have no fees and no minimum balance requirements, but American Heritage Credit Union’s free checking account also offers the ability to earn interest with a relatively modest deposit of $1,000. The free checking account also offers these additional free benefits:

  • Debit card offering ScoreCard Reward points
  • Online teller
  • Phone teller and bill pay services
  • No per-check fees
  • Up to six free overdrafts per month, with transfers from a Share Savings account
  • Direct deposit
  • Payroll deduction

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

VIP Checking

VIP Checking is American Heritage Credit Union’s middle-tier checking account.
APYMinimum Balance to Earn APY
0.10%$5,000
  • Minimum opening deposit: $5,000
  • Monthly account maintenance fee: $0
  • ATM fee: $0 on American Heritage/Proprietary Machines; $0 on other machines up to 10 transactions per month; $1 per transaction thereafter
  • ATM fee refund: None
  • Overdraft fee: $0 on 6 overdraft transfers per month from your primary Share Savings account; otherwise, $25; with overdraft privilege fee, $24 for overdrafts greater than $25, $10 for overdrafts less than or equal to $25

The VIP Checking account at American Heritage Credit Union is a step up from the credit union’s base checking account, but in terms of its opening deposit only. Whereas the credit union’s free checking account requires no minimum balance, the VIP Checking account requires $5,000 to start.

The account is touted as a way to earn high, money-market-like dividends with no restrictions, but currently, the APY on the account is the same as with the credit union’s free checking account. The extra services provided by the VIP Checking account are also identical to those offered by the free checking account, including a debit rewards card, free online and phone teller services, free checking and bill pay, free direct deposit and payroll deduction and six free overdraft transfers per month.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

Identity Protection Checking

A standard checking account with various identity theft countermeasures built in.
APYMinimum Balance to Earn APY
0.10%$1,000
  • Minimum opening deposit: $0
  • Monthly account maintenance fee: $3
  • ATM fee: $0 on American Heritage/Proprietary Machines; $0 on other machines up to 10 transactions per month; $1 per transaction thereafter
  • ATM fee refund: none
  • Overdraft fee: $0 on 6 overdraft transfers per month from your primary Share Savings account; otherwise, $25; with overdraft privilege fee, $24 for overdrafts greater than $25, $10 for overdrafts less than or equal to $25

The Identity Theft Checking account is similar to the credit union’s Totally Free Checking Plus account, but for a small fee, it adds various identity theft countermeasures. Protective features that come with the account include:

  • Card Patrol, a technology that scans the web for Social Security and debit/credit card numbers of the account holder
  • A fraud assist toolbox
  • Professional identity theft support services
  • Up to $2,500 in Identity theft insurance
  • Education services via the MyIDMatters™ website
  • Payment card protection

The account pays interest in a single tier and carries all the same ATM and overdraft fees and provisions of the credit union’s free checking account.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

Platinum Checking

Platinum Checking is American Heritage Credit Union’s premier checking account.
APYMinimum Balance to Earn APY
0.11%$7,500
0.16%$25,000
  • Minimum opening deposit: $7,500
  • Monthly account maintenance fee: $0
  • ATM fee: $0 on American Heritage/Proprietary Machines; $0 on other machines up to 10 transactions per month; $1 per transaction thereafter
  • ATM fee refund: none
  • Overdraft fee: $0 on 6 overdraft transfers per month from your primary Share Savings account;otherwise, $25; with overdraft privilege fee, $24 for overdrafts greater than $25, $10 for overdrafts less than or equal to $25

As American Heritage Credit Union’s top-tier account, Platinum Checking also has the highest minimum opening deposit requirement, at $7,500. Structurally, the account mirrors the credit union’s other checking accounts, offering perks such as free online and phone banking, a debit rewards card, free check writing and bill pay and six free overdraft transfers per month. The Platinum Checking account pays interest in two tiers, at rates that exceed those paid on the credit union’s other checking accounts.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

Cash Management Checking

With Cash Management Checking, American Heritage Credit Union customers can link a checking account to a brokerage account.
APYMinimum Balance to Earn APY
0.11%$7,500
  • Minimum opening deposit: $7,500
  • Monthly account maintenance fee: $0
  • ATM fee: $0 on American Heritage/Proprietary Machines; $0 on other machines up to 10 transactions per month; $1 per transaction thereafter
  • ATM fee refund: None
  • Overdraft fee: $0 on 6 overdraft transfers per month from your primary Share Savings account; otherwise, $25; with overdraft privilege fee, $24 for overdrafts greater than $25, $10 for overdrafts less than or equal to $25

The features and benefits of the Cash Management Checking account are almost identical to American Heritage Credit Union’s Platinum Checking account. The primary difference is that the Cash Management Checking account is designed to be linked to a brokerage account at the credit union, a feature not offered by any other AHCU checking accounts. The other difference is that there is only one interest-rate tier on the Cash Management Checking account, for deposits of $7,500 or more.

How to get American Heritage Credit Union’s checking accounts

As mentioned above, you can obtain some of American Heritage Credit Union’s checking accounts online. Specifically, the Totally Free Checking, VIP Checking and Platinum Checking accounts are available online. For Cash Management Checking, which is linked to a brokerage account, and Identity Protection Checking, you’ll have to visit a branch or speak with a banker. Documents needed for an online application include your address, date of birth, Social Security number and valid form of ID, such as a state ID, passport, driver’s license or other government-issued ID with your current address.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

magnifying glass

How American Heritage Credit Union’s checking accounts compare

American Heritage has five distinct checking accounts, all of which pay interest and have no monthly fees, with the exception of the feature-enhanced Identity Protection Checking account. All pay roughly the same rate, with the top rates found at the top tier of the Platinum Checking account. In all cases, rates paid are not that noteworthy, coming in close to the national average. Customers looking for no-fee checking accounts might be satisfied here, but those seeking the best available checking account rates should look elsewhere.

American Heritage Credit Union’s savings account options

Primary Share Savings account

The Primary Share Savings account is American Heritage Credit Union’s membership account.
APYMinimum Balance to Earn APY
0.11%$100
0.16%$10,000
  • Minimum opening deposit: $15
  • Monthly account maintenance fee: $0
  • ATM fee: $0 on American Heritage/Proprietary Machines; $0 on other machines up to 10 transactions per month; $1 per transaction thereafter
  • ATM fee refund: None
  • Overdraft fee: $25

A $15 opening deposit in a Primary Share Savings account is a requirement for membership in the American Heritage Credit Union. To earn interest, account holders must deposit $100 or more. Interest is paid in two tiers, with the best rates requiring a $10,000 deposit. The account comes with online and phone banking, along with a a mobile teller app. However, there is no overdraft protection with this account.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

High Yield Savings account

The High Yield Savings account is American Heritage Credit Union’s flagship savings account.
APYMinimum Balance to Earn APY
0.50%$10,000
  • Minimum opening deposit: $10,000
  • Monthly account maintenance fee: $10 (can be waived)
  • ATM fee: $0 on American Heritage/Proprietary Machines; $0 on other machines up to 10 transactions per month; $1 per transaction thereafter
  • ATM fee refund: None
  • Overdraft fee: $25

The High Yield Savings account at American Heritage Credit Union lives up to its name. Although the account only pays interest in one tier and requires a minimum deposit of $10,000, the rate paid on all qualifying balances is high. Transactions, however, are limited to one preauthorized, internet or automatic transfer a month. Excess transactions face a $25 fee. The balance maximum for this account is $1 million. There is no overdraft protection for this account, and in order to avoid the $10 monthly maintenance fee, you must maintain a daily balance of at least $10,000.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

Identity Protection Savings

As with its sibling Identity Protection Checking, the Identity Protection Savings account offers proactive measures to guard against identity theft.
APYMinimum Balance to Earn APY
0.11%$100
0.16%$10,000
  • Minimum opening deposit: $15
  • Monthly account maintenance fee: $4
  • ATM fee: $0 on American Heritage/Proprietary Machines; $0 on other machines up to 10 transactions per month; $1 per transaction thereafter
  • ATM fee refund: None
  • Overdraft fee: $25

The Identity Theft Savings account functions like a Share Savings account, but with active identity theft countermeasures in place for a small monthly fee. Features that come with the account include:

  • A web-crawling technology known as Card Patrol to monitor the internet for customer Social Security and debit/credit card numbers
  • A fraud assist toolbox
  • Professional identity theft assistance
  • Identity theft insurance of up to $2,500
  • An educational website known as MyIDMatters™
  • Payment card protection

The account pays interest in tiers and carries all the same ATM and overdraft fees and provisions of a traditional Share Savings account.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

Holiday Club account

The Holiday Club account pays out once per year to help encourage savings for year-end purchases.
APYMinimum Balance to Earn APY
0.11%$100
0.16%$10,000
  • Minimum opening deposit: $0
  • Monthly account maintenance fee: $0
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: $25

The Holiday Club account at American Heritage Credit Union is an annual contributory account that requires deposits of at least $5 per week. On Oct. 1, the entire balance is paid back, either via check or transfer to another account. You cannot normally make withdrawals from the account at any other time; however, if you really need the money, you can close the account and forfeit all accrued and unpaid dividends. This account has no ATM access and no overdraft protection.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

Vacation Club account

The Vacation Club account is an additional savings account that has no contributory requirements.
APYMinimum Balance to Earn APY
0.11%$100
0.16%$10,000
  • Minimum opening deposit: $0
  • Monthly account maintenance fee: $0
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: $25

The Vacation Club account at American Heritage Credit Union is essentially a second savings account. Unlike the Holiday Club account, there are no mandatory contribution requirements, and there is also no payout date. Typically, customers use this account to save for a specific goal, such as a vacation, wedding or other big event. This account has no ATM access and no overdraft protection.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

Little Patriots account

The first in a series of youth accounts at American Heritage Credit Union, designed for children aged 0 to 4 years old.
APYMinimum Balance to Earn APY
0.11%$100
0.16%$10,000
  • Minimum opening deposit: $15* (if depositing $5, American Heritage will contribute the remaining $10)
  • Monthly account maintenance fee: $0
  • ATM fee: N/A
  • ATM fee refund: None
  • Overdraft fee: $25

The Little Patriots account is a youth account that must be opened by a parent or grandparent on behalf of a child aged 4 or younger. The account functions like a traditional savings account, but there is no ATM access or overdraft protection with the account. However, the account does earn interest.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

Pat & Lucy’s Money Club

This account is the second tier in the credit union’s Youth Account lineup, serving youths aged 5 to 12.
  • Minimum opening deposit: $15
  • Monthly account maintenance fee: $0
  • ATM fee: $0 on American Heritage/Proprietary Machines; $0 on other machines up to 10 transactions per month; $1 per transaction thereafter
  • ATM fee refund: None
  • Overdraft fee: $25

Pat & Lucy’s Money Club is a traditional savings account for older children, designed to help them learn the basics of savings and money management. The account does come with a debit card, but it must be issued in the name of the sponsoring joint owner’s name.

ATM and overdraft fees are the same as the credit union’s traditional savings account, and there is no overdraft protection. This account does come with mobile, phone and online teller access, along with access to CD investments. The account also pays interest, but you can’t find the rates on the credit union’s website and will have to call or visit a branch.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

Benjamin’s Money Club

Benjamin’s Money Club is a more feature-rich youth account designed for young teenagers, aged 13 to 15.
  • Minimum opening deposit: $15
  • Monthly account maintenance fee: $0
  • ATM fee: $0 on American Heritage/Proprietary Machines; $0 on other machines up to 10 transactions per month; $1 per transaction thereafter
  • ATM fee refund: None
  • Overdraft fee: $25

Benjamin’s Money Club is the third step up the ladder of American Heritage Credit Union youth accounts, and it is more like a full-fledged, regular savings account than the accounts for younger children.

This is the first account in the youth line that offers a debit card in the name of the child, rather than the guardian, although an adult joint owner is still required for the account. It also comes with a free checking account, online and phone banking, a mobile app with eDeposit and access to CD accounts.

As with the credit union’s other savings accounts, there is no overdraft protection for Benjamin’s Money Club. Interest is paid on this account, but rates are unavailable on the credit union’s website.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

Independence account

This savings account is for youths aged 16 to 17 years old.
  • Minimum opening deposit: $15
  • Monthly account maintenance fee: $0
  • ATM fee: $0 on American Heritage/Proprietary Machines; $0 on other machines up to 10 transactions per month; $1 per transaction thereafter
  • ATM fee refund: None
  • Overdraft fee: $25

Designed for older teenagers, the Independence account is very similar to the Benjamin’s Money Club account. With the Independence account, teenagers receive a debit card in their own name and have access to a free checking account, online, phone and mobile banking, including eDeposit, and CD accounts. However, this account has access to over 5,300 shared branches nationwide. There is no overdraft protection option. Youths can earn interest on this account, but rates are not listed on the credit union’s website, so you would have to call to find out what they are..

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

Young Adults account

The final step in the American Heritage Credit Union youth account ladder, the Young Adults accounts is for customers aged 18 to 22.
  • Minimum opening deposit: $15
  • Monthly account maintenance fee: $0
  • ATM fee: $0 on American Heritage/Proprietary Machines; $0 on other machines up to 10 transactions per month; $1 per transaction thereafter
  • ATM fee refund: None
  • Overdraft fee: $25

Feature-wise, the Young Adults account is essentially the same as a Share Savings account at American Heritage Credit Union. This account provides access to all of the features that the credit union has to offer, from ATMs and checking accounts to CDs and nationwide shared branches.

Unlike the credit union’s other youth accounts, the Young Adults account also offers access to a Platinum Mastercard. No overdraft protection is available. The account earns interest, but you’ll have to contact the credit union to get current rates.

How to get American Heritage Credit Union’s savings accounts

Only some of American Heritage Credit Union’s savings accounts are available online. Specifically, you can open a Primary Share Savings and a High Yield Savings account online.

For the remainder of American Heritage Credit Union’s savings accounts, you’ll have to speak with a banker or visit a branch. Documents needed for an online application include your address, date of birth, Social Security number and valid form of ID, such as a state ID, passport, driver’s license or other government-issued ID with your current address.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

magnifying glass

How American Heritage Credit Union’s savings accounts compare

American Heritage Credit Union offers a dizzying array of savings accounts, 10 in all, although five of those are dedicated youth accounts. With the exception of the Identity Protection Savings account, which offers additional services to guard against identity theft, all of the savings accounts are free of monthly fees, and all pay interest. For the most part, interest rates run slightly below the national average for savings accounts. The notable exception is the High Yield Savings account, which stands head and shoulders above the other offerings. Although a $10,000 minimum balance is required, customers can enjoy one of the best rates available on savings accounts nationwide.

American Heritage Credit Union’s CD account options

Certificates (CDs)

American Heritage Credit Union offers a standard range of CDs, along with various specials.
APYMinimum Balance to Earn APYTerm
0.20%$1,0003 months
0.25%$1,0004 months
4.00%$1,0004 months special
0.30%$1,0005 months
0.40%$1,0006 months
0.50%$1,0007 months
0.50%$1,0008 months
0.50%$1,0009 months
0.50%$1,00010 months
0.50%$1,00011 months
0.65%$1,00012 months
0.65%$1,00013 months
1.25%$1,00015 months
0.75%$1,00018 months
0.80%$1,00024 months
0.85%$1,00030 months
2.86%$1,00030 months Legacy Club Certificate
1.10%$1,00036 months
0.90%$1,00047 months Bump-Up Certificate
1.15%$1,00048 months
0.95%$1,00059 months Bump-Up Certificate
1.25%$1,00060 months
  • Minimum balance to open account: $500
  • Minimum balance to earn APY: $500
  • Early withdrawal penalty: 90 days’ dividends for terms of 11 months or less; 180 days’ dividends for terms of 12 months to 35 months; 360 days’ dividends for terms of 36 months or longer

American Heritage Credit Union’s standard line of CDs carries a $500 investment minimum; however, to earn the best rates, you’ll need to deposit $1,000 or more, as the credit union’s $500 CDs pay 0.10% less.

The credit union currently offers a 4 month special CD at a high rate. Only one 4 month special CD is allowed per account, and it must be funded with new money that does not exceed $2,000.

The credit union also offers two “Bump-Up” CD specials, for 47 and 59 months, that allow you to “bump up” your dividend rate one time during the term of the CD. The credit union’s 30 month Legacy Club Certificate offers a slight increase in yield for its Legacy Club members, who are members aged 60 and above.

How to get American Heritage Credit Union’s CD accounts

Existing American Heritage Credit Union customers can use the OnLine teller feature to open a CD account. New customers must visit a local branch or call the credit union’s contact center at (215) 969-0777. When you apply, you’ll need to provide your address, Social Security number and date of birth. You’ll also have to bring valid ID with an up-to-date address.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

magnifying glass

How American Heritage Credit Union’s CD accounts compare

American Heritage Credit Union offers an outstanding line of CD products. Even with its numerous maturities, not a single CD falls below the national average rate, and in some cases, the credit union’s CD rates pay nearly double the average. The current 4 month CD special blows away even the best CD rates available around the country, although the maximum deposit of $2,000 limits its appeal. Overall, however, rates are not that far from the best yields you can find at other institutions.

American Heritage Credit Union’s money market account options

Standard Money Market account

The first of three American Heritage Credit Union money market accounts, the Standard account requires the smallest deposit and pays the lowest yield.
APYMinimum Balance to Earn APY
0.15%$2,000
0.25%$25,000
  • Minimum opening deposit: $2,000
  • Monthly account maintenance fee: $0
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: $25

With this traditional money market account, you’re allowed to write checks or transfer money up to six times per month. You’ll be charged a $20 fee for every additional transaction thereafter. Each transaction must be for $500 or more. This account pays higher interest than the credit union’s savings accounts, in two tiers. At least $2,000 is required to earn interest, but the best yields are paid on deposits of at least $25,000.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

VIP Money Market account

The VIP Money Market account is the second-tier money market account in American Heritage Credit Union’s lineup.
APYMinimum Balance to Earn APY
0.30%$50,000
  • Minimum opening deposit: $50,000
  • Monthly account maintenance fee: $0
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: $25

The VIP Money Market is structured just like its counterpart, the Standard Money Market account. Both accounts have the same six-transaction restriction, with a minimum transaction size of $500. Additional transactions after six carry a fee of $20. The differences between the two accounts lie in the minimum balance requirement and the interest paid. For the VIP Money Market, a $50,000 deposit is required to open an account. Interest is paid in a single tier, with a rate higher than the Standard Money Market account.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

Platinum Money Market account

The Platinum Money Market is American Heritage Credit Union’s top-tier money market account.
APYMinimum Balance to Earn APY
0.30%$75,000
  • Minimum opening deposit: $75,000
  • Monthly account maintenance fee: $0
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: $25

The Platinum Money Market account pays the highest yields available in an American Heritage Credit Union money market account. However, the account carries a steep $75,000 minimum opening deposit requirement. As with the credit union’s other money market accounts, checks and other transfers are limited to six per month, with a $20 fee for each additional transaction. One important difference with the Platinum Money Market account is that each withdrawal carries a $1,000 minimum.

How to get American Heritage Credit Union’s money market accounts

You can open the entire line of American Heritage Credit Union money market accounts online in about five minutes. You’ll have to provide information including your address, date of birth, Social Security number and a valid ID. Most official forms of ID that carry your current address will suffice, such as a passport, state ID, driver’s license or other government-issued ID.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

magnifying glass

How American Heritage Credit Union’s money market accounts compare

American Heritage Credit Union offers a respectable line of money market accounts, with three different versions available to serve different customers. Even the entry-level money market account provides a rate just under double the national average, while the other two money market accounts pay slightly higher yields in exchange for higher minimum balance requirements. There’s still some work to be done, however, before the credit union can compete with best money market rates in the nation.

American Heritage Credit Union’s IRA options

Regular IRA Share account

The Regular IRA Share account is a deposit account for IRA funds not invested in other options, such as CDs.
APYMinimum Balance to Earn APY
0.31%$0.01
  • Minimum opening deposit: $0
  • Monthly account maintenance fee: $0
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

This fee-free account is a place where customers can park their free IRA cash and still earn interest. There is no minimum deposit with this account, and no monthly fee is charged. However, there is no ATM access with this account, which also cannot be overdrawn.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

Platinum IRA Share account

American Heritage Credit Union’s Platinum IRA Share account pays a slightly higher yield than the base IRA savings account, in exchange for a higher minimum balance.
APYMinimum Balance to Earn APY
0.36%$4,000

The Platinum IRA Share account is a top-tier version of the credit union’s Regular IRA Share account.

  • Minimum opening deposit: $4,000
  • Monthly account maintenance fee: $0
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

Account holders with larger balances can put that free cash to work in the credit union’s Platinum IRA Share account. This account functions just like the Regular IRA Share account, except it requires a higher $4,000 minimum opening deposit and pays a higher APY. There is no monthly fee with this share account, nor is there ATM access.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

IRA CD accounts

The American Heritage Credit Union IRA CD lineup is the same as the one found in the credit union’s non-retirement accounts.
APYMinimum Balance to Earn APYTerm
0.20%$1,0003 months
0.25%$1,0004 months
4.00%$1,0004 months special
0.30%$1,0005 months
0.40%$1,0006 months
0.50%$1,0007 months
0.50%$1,0008 months
0.50%$1,0009 months
0.50%$1,00010 months
0.50%$1,00011 months
0.65%$1,00012 months
0.65%$1,00013 months
1.25%$1,00015 months
0.75%$1,00018 months
0.80%$1,00024 months
0.85%$1,00030 months
2.86%$1,00030 months Legacy Club Certificate
1.10%$1,00036 months
0.90%$1,00047 months Bump-Up Certificate
1.15%$1,00048 months
0.95%$1,00059 months Bump-Up Certificate
1.25%$1,00060 months
  • Minimum balance to open account: $500
  • Minimum balance to earn APY: $500
  • Early withdrawal penalty: 90 days’ dividends for terms of 11 months or less; 180 days’ dividends for terms of 12 months to 35 months; 360 days’ dividends for terms of 36 months or longer

American Heritage Credit Union offers the same line of CDs in its IRAs as it does in its taxable accounts. Standard CDs carry a $500 investment minimum, but deposits of $1,000 or more earn an additional 0.10% APY. The current CD special at the credit union comes in the form of a 4 month CD with an enhanced rate. This CD must be funded with new money, and it has a maximum deposit of $2,000.

The credit union has two “Bump-Up” IRA CD specials, with maturities of 47 and 59 months. With these CDs, you can “bump up” your APY one time during the term of the CD. Customers aged 60 and older can invest in the credit union’s 30 month Legacy Club Certificate, which pays a slightly higher rate than a regular 30 month CD.

How to get American Heritage Credit Union’s IRA products

You can’t open an American Heritage Credit Union IRA online. To open an account in a branch, bring your a valid form of ID and your personal information, such as your date of birth, Social Security number and your address.

SEE DETAILS Secured

on American Heritage Federal Credit Union’s secure website

NCUA Insured

magnifying glass

How American Heritage Credit Union’s IRA products compare

American Heritage Credit Union offers some good options for money deposited into an IRA. Both the Regular IRA Share account and the Platinum IRA Share account pay rates above the national average savings account rate, without any monthly fees. The credit union’s line of IRA CDs stands out, with all rates higher than the national average IRA CD rates, sometimes considerably so. Rates still need to tick a bit higher to approach the best available IRA CD rates, however.

Overall review of American Heritage Credit Union’s products

American Heritage is bursting with account options for customers. The credit union offers five checking accounts and 10 savings accounts, on top of money market accounts, CDs and IRA options. The checking account lineup is notable for charging no fees, but those seeking high yields might not be satisfied.

The standout account in American Heritage Credit Union’s entire lineup from a yield perspective is the High Yield Savings account, with an APY that’s among the very best you can find in the country. Yield seekers will also appreciate the credit union’s impressive line of CDs, both in and out of IRAs. Every CD in the credit union’s roster pays an above-average yield, which is impressive given the wide range of maturities offered. The current 4 month CD special pays an exceptional rate, but it has a low maximum allowable deposit. On the money market front, American Heritage Credit Union offers a line of three decent accounts, although yields still need to stretch more to make the credit union a top competitor nationally.

Overall, American Heritage Credit Union offers enough high-paying, low-fee accounts to recommend the institution. Those looking for a large choice of products will also be happy here. However, as with most banks and credit unions, you’ll have to pick and choose your spots to get the best yields.