Certificates of Deposit (CDs)
A certificate of deposit (CD) may be an excellent product to have for your investment portfolio. It offers something different - a guaranteed rate, for a specific period of time, on federally insured deposits. A CD can help you save money for a specific purpose, without the temptation of withdrawing the funds whenever you'd like. That kind of stability may be the piece that makes your financial puzzle whole!
At Financial Plus, you can earn fixed and variable dividend rates, with terms ranging from three to five years. Best of all, you can open a certificate of deposit with as little as $500!
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Regular & IRA Certificates
Effective as of December 1, 2018
|3 months||Minimum $2,000 balance required||0.25%||0.25%|
|6 months||Minimum $2,000 balance required||0.30%||0.30%|
|12 months||Minimum $500 balance required||0.55%||0.55%|
|24 months||Minimum $500 balance required||0.65%||0.66%|
|36 months||Minimum $500 balance required||0.75%||0.76%|
|48 months||Minimum $500 balance required||1.00%||1.01%|
|60 months||Minimum $500 balance required||1.15%||1.16%|
|18 months||Minimum $5,000 balance required||0.65%||0.65%|
Variable Regular & IRA Certificates**
|48 Month Variable Certificate||Minimum $500 balance required||1.00%||1.01%|
|60 Month Variable Certificate||Minimum $500 balance required||1.15%||1.16%|
|60 Month Variable Education Certificate||Minimum $100 balance required||1.15%||1.16%|
The annual percentage yield (APY) is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. For all accounts, the dividend rate and annual percentage yield may change at any time as determined by the Credit Union's Board of Directors. The dividend rates and annual percentage yields listed above are the rates and yields approved at the last Board of Director's meeting to take effect on the date above. The Plus Checking and Money Market accounts are tiered rate accounts. The balance ranges, dividend rates, and annual percentage yields for each tier are listed above. Once a particular balance range is met, the dividend rate and annual percentage yield for that balance range will apply to the full balance of your account. Balance ranges may change at any time as determined by the Credit Union's Board of Directors. Maintenance or activity fees could reduce the earnings on an account. A penalty may be imposed for early withdrawal of share certificates. Withdrawal of earnings could reduce the APY. Please see the fee schedule for fees related to these accounts.