Credit Union 5 Year Cd Rates

Wings financial credit union.

Credit union 5 year cd rates.

At fdic and ncua insured institutions your deposits are covered up to 250 000 including any cds you buy from the bank or credit union. Then again five years is a long time to stash your money away so you should consider your options carefully. Its jumbo rates on share certificates or credit union cds are about 0 10 better than its standard certificate yields and the minimum opening balance is 50 000. As of june 2019 the average one year credit union cd had a 1 42 annual percentage yield apy compared to the 1 11 apy average among one year bank cds.

Since then it s grown to have more than 5 3 billion in assets and 280 000 members and anyone in the aviation industry or from atlanta detroit orlando seattle tacoma or parts of wisconsin and minnesota is eligible. Interest is paid out quarterly. The credit union has low minimum balances and cd terms from as short as 30 days to as long as five years. 500 20 000 50 000 or 100 000.

Cds at schoolsfirst have four balance tiers. No monthly or opening fees. Five year certificates of deposit cds are among the most popular cds because they re often a bank or credit union s highest yielding deposit account. It also offers a one year cd for kid s vyteen bravo and achieve members only what it pays.

Vystar credit union offers 10 cds terms ranging from three months to five years. Summary of best 5 year cd rates. The early withdrawal penalty equals two years dividends 730 days which is the highest penalty on this list. In a falling interest rate environment locking in a decent return for five years can be very appealing.

These cds can help you work toward your individual savings goals. Credit union cd rates can at times be higher than bank cd rates and online banks tend to offer the highest interest rates among banks overall.