CDs & IRAs
CDs are a vehicle for risk-free savings and are ideal for people who do not need access to their funds during the investment period.
- Invest as little as $1,000.
- Choose how long you would like to invest, from 6 months to 5 years.
- Simply add or open a CD (Certificate of Deposit) if you are already a member of Energy Credit Union with a Share (Savings) Account. Log into Energy@Home and click on Open an Account.
Certificate of Deposit & IRA CDs
Effective: November 13, 2024
- (1) 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.
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