CD (Certificate of Deposit)

Benefits:

  • $500 minimum to open
  • Term – 6 month, 1 year, 18 month, 2 year, 3 year, 5 year
  • Interest bearing account (compounded and paid monthly)
  • Interest if transferred monthly to members savings account
  • Penalty for early withdrawal from 180 days up to 365 days
  • Partial withdrawal penalties – only pay penalty on amount withdrawn
  • Monthly CD renewal notifications by mail
Term6 Month1 Year18 Month
Founder CD
(Special)
2 Year3 Year5 Year
Interest Rate1.01%1.41%1.71%2.01%2.41%3.11%
Minimum Deposit$500$500$500$500$500$500
Early W/D Penalty180 Days180 Days180 Days365 Days365 Days365 Days
Interest PaidMonthlyMonthlyMonthlyMonthlyMonthlyMonthly
Interest Pay MethodsTransfer to Shares or Add to CDTransfer to Shares or Add to CDTransfer to Shares or Add to CDTransfer to Shares or Add to CDTransfer to Shares or Add to CDTransfer to Shares or Add to CD
Grace Period7 Days7 Days7 Days7 Days7 Days7 Days