CDs
Certificates of Deposit (CD)
FCCU members seeking higher rates of return for their savings may elect to open a CD. The CD is our primary alternative for members who are searching for yield. They pay higher dividend rates, as invested funds remain on deposit for a fixed period of time, though dividends vary according to the term of the CD. The CD could compete for some of the investable funds of members such as money in the stock market, because investing in a CD is not volatile like the stock market is. The CD is also available as an IRA.
- Federally insured by NCUA.
- Some of the best rates in the market. *
- Investment with guaranteed returns.
- Safe alternative to stock market for diversification.
- A variety of terms available.
As a general rule, you want to lock in to longer CD terms at the end of upward interest rate cycle to ensure you are well positioned before interest rates go back down. The risk in investing in CDs is that at maturity, the rate could be lower, and if you choose to reinvest, if would be at a lower APY – the result known as reinvestment risk.
Minimum balance is $1000, and available terms are CD – 12-, 30-, and 60-months.
To apply, click the button below and it will take you offsite to our application portal. Once there, click “Add Account to Your Membership” and select the CD you would like to purchase.
| Jumbo Share & IRA Certificates | APY* | Interest Rate | Term | Early Withdrawal Penalty |
|---|---|---|---|---|
| Jumbo 12 Month Certificates** - Minimum $75,000 | 3.80% | 3.75% | 12 | 180 days interest |
| Jumbo 30 Month Certificates** - Minimum $75,000 | 3.65% | 3.60% | 30 | 180 days interest |
| Jumbo 60 Month Certificates** - Minimum $75,000 | 3.80% | 3.75% | 60 | 180 days interest |
| Share & IRA Certificates | APY* | Interest Rate | Term | Early Withdrawal Penalty |
|---|---|---|---|---|
| Regular 12 Month Certificates** - Minimum $5,000 | 3.55% | 3.50% | 12 | 180 days interest |
| Regular 30 Month Certificates** - Minimum $5,000 | 3.39% | 3.35% | 30 | 180 days interest |
| Regular 60 Month Certificates** - Minimum $5,000 | 3.55% | 3.50% | 60 | 180 days interest |
| Regular 12 Month Certificates** - Minimum $1,000 | 2.52% | 2.50% | 12 | 180 days interest |
| Regular 30 Month Certificates** - Minimum $1,000 | 2.88% | 2.85% | 30 | 180 days interest |
| Regular 60 Month Certificates** - Minimum $1,000 | 3.03% | 3.00% | 60 | 180 days interest |
| Jumbo Share & IRA Certificates | APY* | Interest Rate | Term | Early Withdrawal Penalty |
|---|---|---|---|---|
| Jumbo 12 Month Certificates** - Minimum $75,000 | 3.80% | 3.75% | 12 | 180 days interest |
| Jumbo 30 Month Certificates** - Minimum $75,000 | 3.65% | 3.60% | 30 | 180 days interest |
| Jumbo 60 Month Certificates** - Minimum $75,000 | 3.80% | 3.75% | 60 | 180 days interest |
| Share & IRA Certificates | APY* | Interest Rate | Term | Early Withdrawal Penalty |
|---|---|---|---|---|
| Regular 12 Month Certificates** - Minimum $5,000 | 3.55% | 3.50% | 12 | 180 days interest |
| Regular 30 Month Certificates** - Minimum $5,000 | 3.39% | 3.35% | 30 | 180 days interest |
| Regular 60 Month Certificates** - Minimum $5,000 | 3.55% | 3.50% | 60 | 180 days interest |
| Regular 12 Month Certificates** - Minimum $1,000 | 2.52% | 2.50% | 12 | 180 days interest |
| Regular 30 Month Certificates** - Minimum $1,000 | 2.88% | 2.85% | 30 | 180 days interest |
| Regular 60 Month Certificates** - Minimum $1,000 | 3.03% | 3.00% | 60 | 180 days interest |
* Annual Percentage Yield (APY) rates shown are accurate and effective for the above accounts as of the effective date indicated. Certificate rates are fixed for the full term of the respective certificate. Fees or other conditions may reduce the earnings on the account. A penalty will be imposed for withdrawals before maturity. Please contact one of our member services representatives for more information about rates, terms and conditions. Certificate rates are accurate as of September 30, 2023.
CD Ladder
CD Laddering allows you to expand your investment portfolio across multiple CDs, resulting in a combination of increased flexibility, liquidity and maximized returns.
- Long-term CDs usually have higher interest rates. The downside is that you will be unable to access your money (without facing a penalty) for a long period of time.
- When you invest in a short-term CD, your investment reaches maturity sooner. The downside is that short-term CDs usually have lower interest rates.
Both of these CDs have their advantages, but both also have their drawbacks. The basic idea behind a CD ladder is spreading your money among different CDs so that you always have some money coming due, all while maximizing your interest earnings. This way, you can take advantage of higher interest rates when they are available, and still have access to some of your money if you need it.
CDs & IRAs
Your peace of mind is worth saving for. Certificates of Deposits and IRAs are often an important piece of a sound savings strategy. Certificates require that funds remain in the account for a period of time, and, in return, they pay a higher dividend rate than other savings accounts. Individual Retirement Accounts (IRAs) are a key tax management and saving strategy for retirement and future planning.
Each member’s account is insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the Federal Government. All Individual Retirement Accounts are separately insured to $250,000 by the NCUA.
