Certificates of deposit mean higher earnings on your savings with the credit union.
Our Certificates of Deposit range in terms from 3 months to 5 years. Interest on all Certificates (excepting IRA) are paid at maturity OR annually. IRA interest is paid monthly.
Need to withdraw your Certificate before its maturity? You may, however, a penalty would be accessed based on the Certificates original term. For instance, if your Certificate maturity is one year or less the early withdraw penalty would be equal to 30 days interest at the rate paid on your Certificate.
An 18 month or two-year Certificate would have a 60 day penalty. Basically, the penalty is equal to 30 days per year or part thereof of your original investment term at the rate paid on the Certificate being withdrawn.
An early withdraw penalty may reduce the original principal deposited.
Earn higher rates today...with as little as $500 you can begin investing in a Credit Union Certificate.
