Certificate of Deposit Savings Account
Certificate of Deposit Savings Account
Choose your term and earn more on a Certificate of Deposit Savings Account.
Enjoy the Benefits of a Certificate of Deposit Savings Account
The Highest APY* Rates
Share Certificate accounts are insured, so you'll get better rates than with a standard savings account.
Low Minimum Deposit
Get started with just $500. Choose a 12-month Certificate to make more deposits any time.
Terms to Suit Your Goals
Share Certificates are available for three months up to three years so planning is simple.
Generous Youth Account
Start saving for your future now with a minimum deposit of only $250 and an APY of up to 2.25%.
Traditional Certificate Details
- Minimum deposit of $500 or $250 for a Youth Account
- Terms from three months to 48 months
- Insured by the National Credit Union Administration (NCUA) up to $250,000
12-Month Certificate Details
- Minimum deposit of $500
- Unlimited additional deposits any time during the term
- Minimum of $100 for each extra deposit
See Our Great Certificate of Deposit Savings Account Rates
| SHARE CERTIFICATES | 3 MOS. | 6 MOS. | 12 MOS. | 18 MOS. | 24 MOS. | 36 MOS. | 48 MOS. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Minimum Balance $500+ | Rate | 1.49% | 2.23% | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% | ||
| APY* | 1.50% | 2.25% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | |||
| $250 (Youth Account) | Rate | 2.23% | 2.96% | |||||||
| APY* | 2.25% | 3.00% | ||||||||
*APY = Annual Percentage Yield. Share Certificates use simple interest on a daily basis, which applies the daily periodic rate to the balance in the account each day. Dividends are paid monthly.
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— Judy L.
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"CommonWealth Central Credit Union is awesome. Their tellers are so nice and If I have any questions they are always there to help in the branch and on the phone."
— Claudia O.
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"Their customer service is amazing and their online banking platform is very user-friendly. I highly recommend this credit union."
— Rebecca B.
FAQs about Certificate of Deposit Savings Accounts
- Is a Certificate of Deposit Savings Account the same as a Share Certificate Account?
- How much money do I need to start a Certificate of Deposit Savings Account?
You need to make a minimum deposit of $500 to get started -- then sit back and watch it grow! If you or a family member are under the age of 17, you need just $250 to start a Youth Account.
- Can I add more money to my Certificate of Deposit Savings Account after my initial deposit?
Yes, if you choose the 12-month Certificate Account, you can make as many additional deposits as you like. Each extra deposit needs to be at least $100. It's a great way to reach your savings goals faster.
- What happens if I need to withdraw my money before my term is up?
It's possible to withdraw your money ahead of time, but you'll need to pay a withdrawal penalty, which is 90 days of interest. The penalty is designed to keep you on track with your savings goals!
Other Useful Savings Tools
Holiday Club Account
With a minimum deposit of just $1, you can start saving for the holidays and spread the cost of family meals, gifts, and travel throughout the year to reduce Christmas stress. Earn interest on balances above $100!
Individual Retirement Accounts (IRA)
Putting money aside for retirement is a smart strategy. CommonWealth Central CU has several IRA offerings to meet your needs and you can open an IRA today with as little as $100.
WealthMatters
Our online financial education tool offers a fun interactive learning experience. Choose from a range of short modules to learn how to start saving money, build an emergency fund, create a budget, and much more.
