Refer
Savings Accounts
Money Market Account
Certificates of Deposit
Coverdell Educational Account
IRA Savings Accounts
Youth Savings Account
Calculators
Health Savings Account
Dividend Rates
Fees
Forms and Applications
Money Orders
Wire Transfer


 / Accounts / Savings / Certificates of Deposit
 

Add our CDs to your interest collection.

One of the first things you need to know about managing your finances wisely is that you shouldn’t let your money just sit. So if you have money lounging around in a checking or savings account, you might want to put it into one of our Certificates of Deposit, where it can earn a higher rate of interest.

 

All of our CDs earn interest daily and have flexible terms to fit your financial needs. And when the CD matures, you can renew it for another consecutive term or have the funds transferred to your Checking, Savings, Additional Savings or Money Market Account.

Here are some other helpful facts about our CDs:

• Maturity notices sent 30 days from maturity date
• Interest compounds monthly or can be transferred monthly to your Checking, Savings, Additional Savings Account or Money Market Account
• 6, 12, 24, 36 or 60 month terms available
• Joint ownership and beneficiaries permitted
• 10-day grace period for cancellation of renewal at maturity

For Savings Calculators, click here.

Who is this product right for?

Someone who is interested in earning solid dividends with our Certificates of Deposit.

Certificate of Deposit Accounts

Tier RateDividend RateAPY*
6 Month0.25%0.25%
12 Month0.40%0.40%
24 Month0.54%0.55%
36 Month0.79%0.80%
60 Month1.09%1.10%

Who is this product right for?

Someone who is interested in earning solid dividends with our Certificates of Deposit.

Compare Certificate of Deposit Accounts

Select a product:
Company APY
Delta Community CU 0.25%
Bank of America 0.04%
Chase Bank 0.01%
Regions 0.05%
SunTrust 0.20%
Wells Fargo 0.01%


Competitor APYs as of the first day of the current month, provided by mybanktracker.com

Who is this product right for?

Someone who is interested in earning solid dividends with our Certificates of Deposit.

Related Articles

  • Certificate of Deposit FAQs

  • How do I open a CD?
    You can open a CD from your Home Banking Account, as long as the CD will have the same joint owner(s) and beneficiciaries as the primary savings account. Once you have logged in select "Add an Account" located in the Tools & Services box.
    If you are not a Home Banking User or the CD joint owner/beneficiaries will not mirror your savings account, you may use the Certificate of Deposit Application. This application requires signatures from primary and joint owners (if applicable).


    Can a joint owner open a CD?
    No. The signature of the primary member is required to open a CD. A joint owner of the CD is authorized however to request the closing of a CD.


    What is the difference between the savings rates and a CD rate?
    Rates offered on CDs are higher than rates offered on regular share accounts. However, once a CD is purchased, the rate at the time of purchase is fixed for the term of the CD, whereas the rates on regular shares are not fixed, and can fluctuate monthly based on market demands.


    Are CDs insured?

    Yes. CDs are insured through
    How do I open a CD?
    You can open a CD from your Home Banking Account, as long as the CD will have the same joint owner(s) and beneficiciaries as the primary savings account. Once you have logged in select "Add an Account" located in the Tools & Services box.
    If you are not a Home Banking User or the CD joint owner/beneficiaries will not mirror your savings account, you may use the
    Certificate of Deposit Application
    . This application requires signatures from primary and joint owners (if applicable).


    Can a joint owner open a CD?
    No. The signature of the primary member is required to open a CD. A joint owner of the CD is authorized however to request the closing of a CD.


    What is the difference between the savings rates and a CD rate?
    Rates offered on CDs are higher than rates offered on regular share accounts. However, once a CD is purchased, the rate at the time of purchase is fixed for the term of the CD, whereas the rates on regular shares are not fixed, and can fluctuate monthly based on market demands.


    Are CDs insured?

    Yes. CDs are insured through NCUA. Existing titling requirements/guidelines apply.


    What terms are offered for CDs?

    We offer 6, 12, 24, 36 and 60 month terms. Click here for more information and complete details.


    What is the minimum deposit to open a CD?

    The minimum deposit is $1,000.


    Can I open up the CD today and deposit the money later?
    You may choose to take up to 14 days to fund your CD using a variety of payment methods including: Online Banking transfer and Account to Account (A2A) transfer from another financial institution. As a benefit to our members, you ll be guaranteed the best available rate between the day you open the CD and the date you fund it.

    What fees and penalties are involved with a CD?
    There is no monthly charge or fee for maintaining a CD. An early withdrawal penalty is incurred when a CD is closed prior to maturity. Early withdrawal penalties are as follows:
    6 month CD - Penalty is equal to 31 days of interest
    12 and 24 month CDs - Penalty is equal to 90 days of interest
    36 and 60 month CDs - Penalty is equal to 180 days of interest

    Partial withdrawals are not allowed with CDs



    What is a maturity date? Why is it important?

    The maturity date is the date on which the term of the CD expires. At this time the CD is either renewed for another term at the current rate, or the funds are transferred into any share and the CD is closed. It is important because the rate remains fixed up to this point.


    Can I change my renewal selection I made when opening my CD?
    You may change your renewal selection at any time before your CD has reached its maturity date. You can contact us via online banking from your Message Center, by phone or by visiting one of our branches. Please provide your instructions to either renew or deposit the funds into the selected account.
    After the maturity date of your CD you will
    have a 10-day grace period following the renewal date. A CD application is required if changes to the term or the amount are requested during this 10-day grace period.


    Can I discontinue my CD before the maturity date?

    Yes. CDs can be discontinued before maturity, although funds will be penalized based on the term of the CD (see fees above).


    Can I extend my CD term once opened?

    No. After your CD matures you may use your funds and open a new CD with a different term.


    How do I receive my interest? Can I make a change on how the interest is disbursed before the CD matures?

    Your interest may be posted monthly back into your CD, into another share, or a check may be issued for the monthly dividend amount. You may change how your interest is disbursed at any time before your CD reaches maturity. Contact us via online banking from your Message Center, by phone, or come into one of our branches to request the change.



    When is interest posted for CDs?

    The interest is posted on the last day of the month, just as they are with Savings and Checking Accounts.


    Are partial withdrawals allowed for CDs?

    Partial withdrawals are not allowed. The funds must remain in the CD for the entire term. If a withdrawal is made it must be for the complete balance and the CD will be closed (and penalties will be assessed if closed prior to maturity date).


    Are CDs allowed on a minor's account?

    Yes. A CD can be opened on a minor's account with a qualified joint owner.
    (close)  
  • IRA CD details
  • Delta Community Credit Union offers IRA CDs to complement our savings-based IRAs. When you plan for retirement it's nice to have options, and our new IRA CD product is just one more way the credit union strives to bring you new products and services that help you plan for the future.
    Traditional and Roth IRA CDs offer the same great benefits as our savings-based IRAs, including:

    • No set-up, administrative or maintenance fees
    • An easy application process
    • Trained IRA specialists
    • An informative online IRA service center
    • A low $1,000 minimum investment

    In addition, IRA CDs have fixed-terms of 12, 24, 36, or 60 months which allows you to lock in your rate for a fixed term. An IRA CD with a fixed term typically pays a higher annual percentage yield than a savings-based IRA with no fixed term. They are also federally insured by the National Credit Union Administration (NCUA) for up to $250,000.


    Click here for rate information.
    To open up an IRA CD, click here.

  • Accessing CD balance with Quicken

  • Can I access my CD through Quicken?
    Currently Certificates of Deposit (CDs) are not accessible through Quicken. However we are working to implement this feature, so look for this feature in the near future.





Ready to open a Certificate of Deposit?

All you need to do is log in to your Online Banking Account, go to the Tools and Services Box and select Add an Account.

If you are not an Online Banking participant, you may use the Certificate of Deposit Application. This application requires signatures from primary and joint owners (if applicable).

Who is this product right for?

Someone who is interested in earning solid dividends with our Certificates of Deposit.

 

APY = Annual Percentage Yield. Competitor products displayed are those with terms comparable to the respective Delta Community CU product. APYs are accurate as of the first day of the current month and are provided by mybanktracker.com.   Consult the financial institution directly for full product terms and current rates. $1000 minimum opening deposit required. Early withdrawal penalties apply.

CDs are federally insured by the National Credit Union Administration (NCUA), a federal government agency. The basic insurance amount is $250,000 per individual account holder. Share insurance coverage can be increased if accounts are held in different categories of ownership, such as joint accounts and payable-on-death accounts.

 
Current rating: 3.5 (12 ratings)
Facebook
Important Notice: You are accessing a secure site with confidential information which is restricted to authorized persons only. Unauthorized access or use is not permitted and constitutes a crime punishable by law. Violators will be prosecuted to the fullest extent of the law.
1-800-544-3328