| Featured Rate | Bank/Credit Union | Location | Account Type | ||
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Air Force Federal Credit Union |
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USAA Bank | ||||
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Eglin Federal Credit Union | ||||
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Global Credit Union | ||||
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USAA Bank | Online | CD Account |
Struggles to set and control the federal budget are not new issues in America. Congress and the White House regularly look for ways to reduce spending throughout the federal government, and the Department of Defense is a frequent target for those looking to cut costs. The Base Realignment and Closure (BRAC) process is one of those attempts to cut costs within the Armed Forces. 
Our nation’s men and women in uniform draw the attention of the public all across the country and the world. In general, the recognition is positive and gracious, but sometimes the attention is predatory.
You may be lured by ads claiming to eliminate debt or credit problems quickly and easily. You can call a professional and pay them to wipe the slate clean, “guaranteed.” These proclamations of debt help sound promising, but are they legitimate?
It seems like one of the most challenging things to do in this world is get a free credit score. You can easily find places that will offer access to your credit reports (individual or 3-in-1), but getting access to an official FICO score can be quite a challenge without paying an arm and a leg for a one-time view.The good news is that there are a few places to get your score for free. And you never know, you may even be able to monitor your score and update your reports for up to 30 days. Let’s see what’s out there.
Getting the best 6-month CD rates is easy if you know where to look. Today, Eglin Federal Credit Union is offering a great rate of .70% APY on CDs with a term of six months.
Members of the military have a special opportunity to earn outstanding CD rates from USAA Bank. Today, you could obtain a 24-month CD rate of 1.50% APY from this bank.
Air Force Federal Credit Union has the goal of being “Your One Financial Partner,” which is why they’re currently offering an excellent 12 month CD rate of .85% APY.
Earlier this year, JPMorgan Chase Bank admitted to overcharging thousands of military members and their families on their mortgages, and even erroneously foreclosing on more than a dozen families. The bank is now set to pay out over $26 million to settle the class action lawsuit that arose as a result.
In addition to providing standard fixed rate, adjustable, and jumbo rate mortgages, Pentagon Federal Credit Union adheres protocol designed to make it easier for veterans and current military personnel to purchase a home.
The difference between a conventional mortgage loan, such as the types mentioned above, and a VA mortgage is that a conventional loan is not insured. Conventional loans are not backed by the Government, and thus are generic in that they are available to any individual that wishes to take out a loan. Conversely, the VA mortgage program was implemented by the Department of Veterans Affairs as a loan guarantee program geared specifically to benefit veterans.
| Air Force Federal Credit Union |
0.90% |
| USAA Bank | 0.81% |
| Eglin Federal Credit Union | 0.75% |
| Global Credit Union | 0.62% |
