![]() Keep an eye out for: Credit unions require membership to open an account. 180 days of interest for terms of 12 months and 4 years. ![]() Penalties: Signature Federal Credit Union charges standard penalties for early withdrawals of your principal balance, as follows: Term options: Terms range from 3 months to 5 years. The 3-month, 6-month, and 2-year terms have particularly high rates right now. The Signature Federal Credit Union Certificate has a low $500 minimum opening deposit. Why it stands out: Signature Federal Credit Union is a solid choice if you prioritize banking with a credit union. Signature Federal Credit Union Certificate What to look out for: This promotional CD has specific opening requirements: Your deposit cannot exceed $7,000, and there is a limit of one CD special per member. The penalty may depend on the amount withdrawn. Penalties: You'll have to contact your nearest branch to learn more information about early withdrawal penalties. Term options: Alpena Alcona Area Credit Union also has terms ranging from 90 days to 5 years. To become a member, you must 1) live, work, own property, go to school, or worship in any county in Michigan, 2) work at the credit union, or 3) have an immediate family member who is an existing member. You can earn 7.19% APY on a 7-month CD if you qualify for membership at the credit union. Why it stands out: Alpena Alcona Area Credit Union has the highest CD rate available right now. About the Best CD IssuersĪlpena Alcona Area Credit Union 7-Month CD Also, make sure you know what steps you need to take once your CD term ends. Read Our Review A looong arrow, pointing rightĬDs aren't as accessible as other types of savings accounts, so bear in mind how long you can keep money in the account without potentially facing early withdrawal penalties. ![]() Interest compounded and paid quarterly.Early withdrawal penalties: 90 days of dividends on terms of 24 months or less 180 days of dividends on terms longer than 24 months special certificates (for example, an 84-month) have an early withdrawal penalty of 360 days of interest.Term lengths ranging from 6 months to 7 years.You must open a Base Share Savings Account to become an Andrews FCU member.Join Andrews FCU by being an employee/member by one of the credit union's Employer Groups live, work, study, or worship in DC are a member of the American Consumer Council are an immediate family or household member of an Andrews FCU member are an active military member or veteran, or a family member of someone who served at Joint Base Andrews or Joint Base McGuire-Dix-Lakehurst are a civilian personnel of Joint Base Andrews or Joint Base McGuire-Dix-Lakehurst, or a family member are a qualifying military member or civilian personnel of the Department of Defense, or a family member otherwise qualify based on military affiliation.5,000 shared branches in the CO-OP Shared Branch network.Black-owned credit union with branches in DC, MD, NJ, VA, and WA branches in Belgium, Germany, and the Netherlands.When a financial institution is federally insured, up to $250,000 per depositor is secure in a bank account. Although three financial institutions were shut down in 2023, keep in mind money is safe at a federally insured financial institution. Our top picks for CDs are protected by FDIC or NCUA insurance. Start savings with Technology Credit Union (powered by Raisin). Start saving with First National Bank of America. Start saving with Quorum Federal Credit Union. Start saving with Signature Federal Credit Union. Start saving with Pacific Western Bank (powered by Raisin). ![]() Start savings with Andrews Federal Credit Union. The CD also permits a maximum deposit of $7,000. Generally, you must live, work, own property, go to school, or worship in any county in Michigan work at the credit union or have an immediate family member who is an existing member. To open a CD at Alpena Alcona Area Credit Union, you must qualify for membership. The Best CD RatesĪlpena Alcona Area Credit Union (7-month term) paying 7.19% APY If you want a no-penalty CD, a unique term length, or if you don't have much money to deposit, we've also included picks for these circumstances, too. We check rates daily to find the best rates for a variety of CD terms. The best CD rate is 7.19% APY on an 7-month certificate from Alpena Alcona Area Credit Union. ![]()
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