Welcome, log in to Online Banking
Important Notice
You are accessing a secure site. Some areas such as Online Banking contain confidential information which is restricted to authorized persons only. Unauthorized access to these areas is not permitted and constitutes a crime punishable by law. Violators will be prosecuted to the fullest extent of the law.
You can open a new CD through your Online or Mobile Banking. Here, you can add existing joint owner(s) and beneficiaries that are currently included on your primary savings account or elect not to name anyone as a joint owner or beneficiary. Within Online Banking, simply select Add an Account located under Additional Services. From within the Mobile Banking app, select More to access Add an Account.
If you are not an Online or Mobile Banking user or if you need to open a CD with different joint owner/beneficiaries, you may use the Certificate of Deposit Application. This application requires signatures from you and all joint owners (if applicable).
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.
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.
Yes. CDs are insured through NCUA. Existing titling requirements/guidelines apply.
We offer 6, 12, 24, 36 and 60 month terms. Learn more about Certificates of Deposit.
The minimum deposit is $1,000.
Yes. You will have 14 days to make a deposit to your CD using a payment method such as, Online Banking transfer or Account to Account (A2A) transfer from another financial institution, as well as other deposit options. 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.
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:
| Available Terms | Early Withdrawal | |
|---|---|---|
| 6 months | 60 days of interest |
|
| 12 months | 90 days of interest |
|
| 24 or 36 months | 180 days of interest |
|
| 60 months | 270 days of interest | Available Terms60 months |
Partial withdrawals are not allowed with CDs.
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.
Yes. You may change your renewal selection at any time before your CD has reached its maturity date. You can contact us within Online Banking from Contact Us located under Additional Services, by phone or by visiting one of our branches. Please provide your instructions to either renew or deposit the funds into the selected account.
If your CD renews on the maturity date, you will have a 10- day grace period from the date following the maturity date to close the CD without incurring a penalty (penalties can be found above). For example, if your CD renews on the 1st of the month, you will have through the 11th of the same month to close the CD without incurring a penalty.
Changes to an existing CD cannot be made during the grace period. If you would like to change the term of or withdraw funds from your CD, you will need to close the existing CD and open one with new terms and conditions.
Yes. CDs can be discontinued before maturity, although you may be subject to an early withdrawal fee based on the term of the CD (see fees above).
No. After your CD matures you may use your funds and open a new CD with a different term.
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 Contact Us under Additional Services, by phone, or come into one of our branches to request the change.
The interest is posted on the last day of the month, just as they are with other deposit accounts.
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. If closed prior to the maturity date, an early withdrawal fee may be assessed.
Yes. A CD can be opened on a minor's account with a qualified joint owner.
No, a CD cannot be used as collateral.
No, additional deposits cannot be made without closing the CD. If you have any questions, please contact 800-544-3328 for additional assistance or send us a message within Online Banking from Contact Us located under Additional Services.
Yes, joint owners and beneficiaries are allowed and can be changed once the CD has been opened.
To change or remove beneficiaries you may use the Designation of Beneficiaries form. To change or remove joint owners please log in and contact us within Online Banking from Contact Us under Additional Services to request the paperwork necessary to make the desired changes.
Learn more about Certificates of Deposit.
A CD can be reviewed via the contract received in the branch or by email. It can also be reviewed in Online Banking. To review it in Online Banking, click on the active CD under Accounts, and then click on Account Details to expand the details.
©2024 Delta Community Credit Union.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
