CD's
Certificates of Deposit (CD) pay competitive interest rates, and
the rate on the issue date applies to the entire term.
Certificate terms currently being offered range from 3 months to
36 months. Minimum deposit as low as $1000.
Interest may be added to the certificate balance, transferred to
your share savings account, or paid by check.
Our 24 and 36 month certificates of $10,000 or more have a rate
change option. A member has the option of changing the rate once
on the certificate for its remaining term at the rate being offered
by ACU on that instrument.
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A special CD is offered to our savers from birth through age 21.
They may invest a minimum of $300 in our high yield certificates
of deposit where a normal minimum deposit would be $1000.
Open
An Account
Interest is calculated daily and paid monthly on CD's with a term
less than one year and quarterly on a term of one year or longer.
The Annual Percentage Yield is based on an assumption that interest
will remain on deposit until maturity. A withdrawal of interest
will reduce earnings. Matured certificate savings are automatically
renewed unless otherwise directed by you.
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Seeing double? Not really. The Change Direction Certificate of Deposit
gives you amazing flexibility in a savings/checking combination.
You can use the CD as a high-interest method of savings ... or change
directions and move a portion of the savings to your ACU checking
account on a bi-weekly or monthly basis.
Open
An Account
The Change Direction CD offers the flexibility you need for the
many phases of your work and life. Use it to take advantage of higher
interest rates yet quick and easy access. You can deposit IRA distributions,
early retirement packages, severance packages, and lump sum pension
distributions.
- Minimum deposit of $1,000.
- No penalty for scheduled transfers; one change to the schedule
allowed each year.
- Penalty applies to early withdrawals that exceed the scheduled
transfer amount.
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IRA savings may be invested in the above referenced Certificates
of Deposits and classified as IRA Certificates.
Interest is calculated daily and paid monthly on CD's with a term
less than one year and quarterly on a term one year or longer.
The annual percentage yield (APY) is based on the assumption that
interest will remain on deposit until maturity. A withdrawal of
interest will reduce earnings.
Matured certificate savings are automatically renewed unless otherwise
directed by member.
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