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.
| 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 |
| Learn More | Open Now |
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.