Energy Credit Union

Certificate of Deposit

Certificate of Deposit

Rates are effective as of November 2, 2015. Rates are subject to change without notice.

 

Account Type Minimum to Open Dividend Rate APY*
6 months $1,000 0.30% 0.30%
12 months $1,000 0.40% 0.40%
18 months $1,000 1.30% 1.31%
24 months $1,000 1.00% 1.00%
36 months $1,000 1.35% 1.36%
60 months $1,000 1.50% 1.51%

*Annual Percentage Yield (APY) assumes principal and interest remain on deposit for one year and the rate to be the same at each renewal period. Interest is compounded and paid monthly. There is a substantial penalty for early withdrawals on Certificates.

As in the case of all credit union accounts, the amount on deposit is fully insured up to the legal limitations. The first $250,000 is insured by the National Credit Union Share Insurance Fund (NCUSIF). In addition, IRA deposits are insured separately under NCUSIF up to $250,000. NCUSIF is administered by the National Credit Union Administration (NCUA), an agency of the federal government. In addition to being federally insured, any amount on deposit exceeding $250,000 is insured in full up to the legal limitations by the Massachusetts Share Insurance Corporation (MSIC).

Please see our Truth in Savings disclosure statement for more information about deposit accounts.

Calculators