A Certificate of Deposit (CD) is a secure, safe, and federally insured investment vehicle. It allows you to increase your savings potential by offering a higher rate of return than a regular savings accounts. A low minimum balance and flexible terms make it easy for you to add this high-yield deposit option to your investment portfolio.
Terms for certificates can be as short as one year or as long as five years.
LOW MINIMUM DEPOSIT
The minimum deposit required to open any certificate is only $500.
HIGH ANNUAL YIELD
Certificates have a higher APY than regular savings for long-term investments.
Certificates feature a fixed-rate annual percentage yield for all term lengths.
Interest earnings are compounded and credited to your account monthly.
Earned interest can be withdrawn without penalty.
Think you need a shorter-term certificate? Enjoy a competitive yield on short-term savings with the Share Savings account. This account offers a premium return on the first $1,000 without restricting access to your funds. Learn more about this simple savings option, which establishes you as a member of VSECU.
CERTIFICATE OF DEPOSIT RATES
|Account Type||Minimum Daily Balance to Earn APY||Minimum Balance to Open Account||APY|
|One Year||$500||$500||1.55%||Eighteen Month||$500||$500||.90%|
Rates/APYs listed for certificate accounts also apply to any certificate accounts regardless of type (i.e., fiduciary, rep payee, trust, POA, etc.). Rates and yields effective as of 10/12/2018 and may change at maturity. Fees could reduce earnings. Early withdrawal penalties apply.
You can complete this online application to open a credit union savings, checking, money market or certificate of deposit account. You will have the option to fund the account via ACH debit or credit, and if you are an existing member you may do an ACH debit or credit or transfer from an existing account. If you are already a member and want to apply for a product online, it’s easier to apply once you’ve logged into our Online Banking system. That way we can save you time by pre-filling the application with the general information we already have on file for you.