Certificate of Deposits offer competitive rates for those members seeking to earn more for their savings. There are a variety of fixed terms certificates available from 3 months to 5 years. Funds are available to use as collateral for a certificate secured loan at a low rate of interest.
A Bump Up term Certificate of Deposit is also available. If you're ready to take your savings to a new level, this maybe just what you need. What sets this apart from a typical certificate of deposit is if the rate increases, you can contact the credit union one time during the term and "Bump Up" to the higher rate. This enables you to grow with the market.
Get started today! Give us a call at (800) 798-2328.
|Certificate of Deposit|
|Effective Date: as of October 30, 2019|
|Certificate Type||Minimum Balance to Receive Dividend||Interest Rate||Annual Percentage Yield (APY)*||Compounded/Paid|
|Youth 3 Month**||$100||1.00%||1.01%||Monthly/Monthly|
|Youth 6 Month**||$100||1.25%||1.26%||Monthly/Monthly|
|Youth 12 Month**||$100||1.50%||1.51%||Quarterly/Quarterly|
|39 Month Bump Up||$1,000||2.20%||2.22%||Quarterly/Quarterly|
|*Annual Percentage Yield is the total amount of interest paid on an account, based on the interest rate and the frequency of monthly compounding for a 365-day period, and expressed as a percentage. This rate assumes that a set amount is on deposit at the beginning of the interest period, that no deposits or withdrawals are made during the dividend period and funds remain on deposit for one full year at the same interest rate. Fees may reduce earnings. A fee may be charged for early withdrawal of a fixed-term certificate or IRA. Rates are expressed as an annual percentage yield (APY) and are subject to change without notice.|
|**Subsequent deposits are allowed on Youth Certificates of Deposit with terms of 3, 6, or 12 months. For minors 17 years of age or younger opening a 3, 6, or 12 months Certificate of Deposit, the minimum balance requirement is $100.00 and subsequent deposits are allowed.|