A Certificate of Deposit (CD) is a great way to save funds that you don’t need for at least six months. A CD locks your funds into a six months, one, two, three, four or five year term. You can see it; you just can’t touch it without penalty until the date of maturity. CDs earn our highest interest rates.
Features and Benefits:
- Multiple CD terms available to meet your savings need
- Requires as little as $1,000 minimum deposit to open; minimum $1,000 balance required
- Interest and the corresponding Annual Percentage Yield compounds and credits monthly to the CD unless the member chooses otherwise
- Each CD is insured up to $250,000 by American Share Insurance. By members’ choice, this financial institution is not federally insured
- Interest penalties for early withdrawals
Teen Certificates of Deposit
Certificates of Deposit (CD) are basically savings accounts that you can’t touch for a specific time-frame. It’s a great way to save for a long term goal.
Features and Benefits:
- Available to teens ages 13-17 years
- Minimum of $500 deposit to open; minimum $500 balance required
- Six or twelve month term available at our current six and twelve month CD rates
- Interest and the corresponding Annual Percentage Yield compounds and credits monthly to the CD unless the member chooses otherwise
- Each CD is insured up to $250,000 by American Share Insurance. By members’ choice, this financial institution is not federally insured
- Interest penalties for early withdrawals
