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Certificates of Deposit (CD)

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- Anonymous Member

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  • Overview

    Take the Luck out of Investing

    Let’s make investing more about returns and less about guesswork and speculation. Certificates earn you fixed dividends over a set term, from 6 months to 5 years. You’ll get better returns than a savings account and more security than other forms of investment. Early withdrawal penalties may apply.

    • Know the fixed rate of return up front
    • More secure than other forms of investment
    • Terms from 6 months to 5 years
    • No fees to setup or maintain
    • Apply online and get setup in minutes

    Final Balance

    Contributions:    |    Earnings:
    Initial Deposit
    Interest Rate

    This Calculation Represents an Estimate

    Step 1

    Get started on your Account

    Getting started on your account is easy, you can apply in one of the following ways:

    Step 2

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    A secure way to invest

    Get the peace and confidence of knowing exactly how much your investment is worth. Apply and open a certificate in minutes.

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  • Rates
    Rates Effective as of: 05-31-2023

    80th Anniversary CD Special

    TermInterest RateAPYMinimum DepositMaximum DepositInterest Credited
    6 Month5.00%5.00%$2500Maximum Deposit of $25,000 (Increases to $50,000 if New Money)At Maturity
    11 Month (New money)3.50%3.50%$10,000 New Money (funds that are not currently on deposit with Centricity Credit Union)At Maturity

    CD is renewable to a 12-month CD at future market rates

    10-day grace period at time of maturity

    Member cannot add to or withdraw from CD for the full term. (Withdrawal will result in the closure of CD along with an early withdrawal penalty.)

    Rates Effective as of: 05-31-2023

    Term Share Certificates (CDs) Rates

    Term Interest Rate APY Minimum Balance Interest Credited
    6 Month 0.35%0.35% $1,000 Quarterly
    1 Year0.50% 0.50% $1,000 Quarterly
    2 Year 0.75% 0.75% $1,000 Semi-Annually
    3 Year1.00% 1.01% $1,000 Semi-Annually
    4 Year 1.50% 1.51% $1,000 Semi-Annually
    5 Year 1.75% 1.77% $1,000 Semi-Annually

    Three (3) missed auto transfers will result in the Certificate being transferred to the regular Certificate type of matching term and a lower rate will apply.

    RENEWAL POLICY. Unless you otherwise instruct us, your term share account will automatically renew at maturity. You will have a grace period as indicated above after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

    EARLY WITHDRAWAL; PENALTIES. We will impose a penalty if you withdraw any of the funds in your account before the maturity date. The penalty is calculated as a forfeiture of part of the interest that has been or would have been earned on the account and applies whether or not the interest has been earned. The penalty may be deducted from the principal amount of the deposit. The Annual Percentage Yield disclosed for your account is based on an assumption that interest will remain in the account until maturity; a withdrawal will reduce earnings. Exceptions to Early Withdrawal Penalties: We may, at our option, pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: (1) If an account owner dies or is determined to be legally incompetent by a court or other body of competent jurisdiction; (2) If the account is an IRA Account and any portion is paid within seven days after the establishment of the account; (3) If the account is a Keogh Plan, provided that the depositor forfeits an amount at least equal to the simple interest earned on the amount withdrawn; or (4) if the account is an IRA or Keogh Account and the owner attains the age of 59 1/2 or becomes disabled.

    MATURITY. Your account will mature as indicated on your account summary or statement.

  • FAQs

    Frequently Asked Questions

    The new rate on your CD at the time it renews will depend on the rate we have.
    We do not allow adding funds to current CDs. But we would be very happy to assist you in getting another CD.
    the interest rate you have been earning on your CD is dependent on the number of months the funds are in the account. If you decide to close the CD early the penalty fee is designed to adjust the amount earned on the CD.