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Certificates of Deposit

A longer-term saving strategy.

A Certificate of Deposit (CD) is an interest-bearing account that earns a higher interest rate than regular savings. Terms start at six months with a minimum of only $1,000 to deposit and earn.  
It’s virtually risk-free, with no risky investments or uncertain stocks - so you can grow your savings while keeping your funds safe and secure.

View Current Rates

Details IRA CDs Regular CDs
Term 12 – 60 Month 6 – 60 Month
Minimum to Open $1,000.00 $1,000.00
Dividend Period Monthly Monthly
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How much can I save over time?

This calculator will help you determine the future value of a deposit account.
Open Calculator

CD Maturity

When your CD is close to its maturity date, City CU will send you a notice by mail as a reminder. You have until 10 days after the maturity date to close your CD without penalty or add funds. If you take no other action, your CD will roll into a new CD at the current rate at the same term as the original CD.

Early Withdrawal

The penalty is based on the term:

  • 6- and 12-month CDs will incur a penalty of 90 days’ interest
  • 24-, 36- 48- and 60-month CDs will incur 180 days’ interest

Member funds in City CU accounts are federally protected up to $250,000 by the National Credit Union Insurance Fund (NCUSIF) which is administered by NCUA, the National Credit Union Association.

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