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Certificates of Deposit

Put your savings to work.

Open an account

Park your funds and help them grow

Earn more on money that you don’t need immediate access to with our secure, high-rate Certificate of Deposit (CD). You can open a CD with as little as $500 and park your money and lock in your interest rate for a fixed period of time.

Save more in the short-term with a CD

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    Higher annual yield

    Certificates of Deposit (CDs) offer a higher APY than regular savings for money you won’t need right away.

  • Shield Percentage

    Fixed rate

    Build your savings confidently with a guaranteed rate of return.

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    Interest withdrawal

    Interest earnings on our short-term CDs are compounded and credited monthly and can be withdrawn without penalty.

  • Hand With Heart

    Peace of mind

    A CD is federally insured, up to $250,000, and is one of the safest, most secure investments you can make.

Certificates of Deposit (CD) 1,3

Term

Minimum Balance

APY

APY = annual percentage yield, effective as of 08/15/2022 and reflects the current minimum APY offered.

Term

6-month

Minimum Balance

$500

APY

0.40%

Term

1-year

Minimum Balance

$500

APY

0.35%

Term

18-month

Minimum Balance

$500

APY

0.30%

Term

2-year

Minimum Balance

$500

APY

0.20%

Term

3-year

Minimum Balance

$500

APY

0.20%

Term

4-year

Minimum Balance

$500

APY

0.20%

Term

5-year

Minimum Balance

$500

APY

0.20%

Add to your retirement portfolio with an IRA CD or Savings

An individual retirement account certificate of deposit (IRA CD) is an IRA that is invested in a CD. It’s a great way to start your retirement savings or preserve your nest egg with a secure investment. Explore the IRA options and earn the same CD rate on any option. Consult with your tax advisor for more information.

  • A good choice if you:

    A good choice if you:

  • Tax deductible contributions

    Tax deductible contributions

  • Tax considerations

    Tax considerations

  • Minimum distribution

    Minimum distribution

  • Rollover options

    Rollover options

  • Contribution limits

    Contribution limits

Traditional IRA

  • A good choice if you:

    Want to make contributions that may be tax-deductible and interest earnings that are tax-deferred. 

  • Tax deductible contributions

    Contributions you make to Traditional IRAs offered by VSECU may be tax deductible.

  • Tax considerations

    Taxes on Traditional IRA earnings may be deferred until retirement.

  • Minimum distribution

    Distributions are required when you reach retirement age.

  • Rollover options

    You can roll an employee-sponsored retirement plan into your an IRA.

  • Contribution limits

    Contribution limits are updated annually.

Roth IRA

  • A good choice if you:

    Are younger or expect to be in a higher tax bracket when you retire.

  • Tax deductible contributions

    Contributions are not tax-deductible but could be eligible for a tax credit under certain circumstances. 

  • Tax considerations

    Early qualified distributions from your VSECU Roth IRA are allowed.

  • Minimum distribution

    Minimum distributions are not required when you reach retirement age.

  • Rollover options

    You can roll an employee-sponsored retirement plan into your an IRA.

  • Contribution limits

    Contribution limits are updated annually.

Education IRA

  • A good choice if you:

    Are a Vermont parent looking to help fund your child(ren)’s or grandchild(ren)'s future education.

  • Tax deductible contributions

    Contributions are not tax deductible.

  • Tax considerations

    Qualified withdrawals made from Education IRAs are not subject to taxes.

  • Minimum distribution

    Funds must be used by the time a student is age 30 or taxes, fees, and penalties will accompany withdrawals. 

  • Rollover options

    You cannot roll an employee-sponsored retirement plan into an Education IRA. However, you can transfer funds to the account.

  • Contribution limits

    Up to $2,000 per beneficiary can be contributed to the Education IRA per year for children under age 18.

Individual Retirement Account (IRA) 1,3

Term

Minimum Balance

APY

APY = annual percentage yield, effective as of 08/15/2022 and reflects the current minimum APY offered.

Term

IRA Savings

Minimum Balance

None

APY

.05%

Term

1-year certificate

Minimum Balance

$500

APY

0.35%

Term

2-year certificate

Minimum Balance

$500

APY

0.20%

Term

3-year certificate

Minimum Balance

$500

APY

0.20%

Term

4-year certificate

Minimum Balance

$500

APY

0.20%

Term

5-year certificate

Minimum Balance

$500

APY

0.20%

Open an account

Interested in a short-term CD? You can open one online now. Because of the complex nature of IRA CDs, you will need to speak to a member service consultant to learn which type of IRA best serves your needs. IRA CDs cannot be opened online.

Open short-term CD online
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Disclosures

1
– Fees may reduce earnings.
3
– Early withdrawal penalties may apply to certificates of deposit.