A Certificate of Deposit (CD) from 1st Ed Credit Union offers an excellent way to earn more on your deposits for a set time. CDs are also turnkey and easy to open – simply agree to keep a specific amount on deposit for a set term.
When it comes to investing, you can choose from a number of flexible CD options.
- Minimum opening deposit of $500
- Dividends compounded and credited monthly
- Terms of 12, 24, 36 or 60 months
- Monitor your funds online
Early withdrawals are subject to penalty. Earnings (dividends) may be withdrawn or transferred into another account without penalty.
Share Certificates
| Info and/or Terms | Interest Rate | APY |
|---|---|---|
| 1-Year Share Certificate | 1.539% | 1.550% |
| 2-Year Share Certificate | 1.638% | 1.650% |
| 3-Year Share Certificate | 1.687% | 1.700% |
| 5-Year Share Certificate | 1.884% | 1.900% |
*APY= Annual Percentage Yield. Earnings are compounded and credited monthly. Rates are subject to change at any time without prior notice.
Dividends paid monthly and applied to the balance of the certificate. The APY assumes that all dividends remain on deposit until maturity. Early withdrawal penalties apply. Rate is fixed for initial term of certificate. At time of maturity certificate will automatically renew for a term of 12 months at the prevailing rate.
Not valid with any other offer. Must be a member. Other restrictions apply. Rates and terms subject to change at any time without prior notice. Offer may terminate at any time without prior notice. Deposits are insured by NCUA up to $250,000.
Special 13-Month Certificate
| Info and/or Terms | Interest Rate | APY |
|---|---|---|
| 13-Month Share Certificate | 3.928% | 4.00% |
*APY=Annual Percentage Yield. APY is based on the opening balance of the CD. $5,000 minimum balance required to open account; CD opening balance not to exceed $500,000. IRA CDs are not eligible for the 13-month CD.
Dividends paid monthly and applied to the balance of the certificate. The APY assumes that all dividends remain on deposit until maturity. Early withdrawal penalties apply. Rate is fixed for initial term of certificate. At time of maturity certificate will automatically renew for a term of 12 months at the prevailing rate.
Not valid with any other offer. Must be a member. Other restrictions apply. Rates and terms subject to change at any time without prior notice. Offer may terminate at any time without prior notice. Deposits are insured by NCUA up to $250,000.
Enjoy the guaranteed earnings of a CD at 1st Ed.
[button text=”Open Your Certificate Today!” target=”_self” link=”https://www.1edcu.org/news-resources/forms-applications/new-account-application/”]Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by National Credit Union Administration (NCUA), a U.S. Government Agency.