Certificates Of Deposit

Members interested in an investment account can take advantage of a variety of competitive-yield certificates. Generally, a Union Trades FCU certificate always earns you more than a regular savings account, because you deposit a specified amount for an established period of time.

Union Trades FCU Certificates can be tailored to fit your financial needs, with terms as short as 6 months up to 3 years to lock in high earnings. The dividend rates are usually higher than bank CDs and our minimum deposit is only $500.

Investing in certificates is a safe, simple way to earn a competitive rate on your money.

  • Invest short-term for maximum liquidity, or long term for the highest possible rate of return.
  • Certificate maturities vary from 6 months to 3 years.
  • Minimum deposit of $500.00 is required.
  • 90 days interest penalty for early withdrawal on 6 month CD's.
  • 180 days interest penalty for early withdrawal on CD's whose terms are over 6 months.

The credit union will give the owner(s) at least 10 days' notice prior to maturity. The notice will inform the owner(s) of the terms, in any, under which the credit union proposes to renew the certificate. If the certificate is not renewed at maturity the credit union will transfer all certificate funds to the regular share account of owner(s) or pay all certificate funds directly to owner(s).

Like all deposit accounts at Union Trades FCU, Certificates of Deposit (CD's) are insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government, up to $250,000.

     
 
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Ceritificate Rates»
 

90 days interest penalty for early withdrawal on a 6 month CD's.

180 days interest penalty for early withdrawal on CD's whose terms are over 6 months.