Certificate of Deposit (CD)
Lock in a fixed rate for a set term and know exactly what your savings will earn.
Why Choose a Certificate of Deposit?
A Certificate of Deposit offers a simple way to grow your savings with a fixed rate and predictable earnings over a set term.
Lock in Your Rate
Your rate stays the same for the entire term of your CD.
Save with Confidence
Predictable earnings make it easier to plan for what’s ahead.
Choose your Timeline
Select the term that works best for your savings goals.
Ready to Lock In Your Rate?
Open a Certificate of Deposit and start earning with confidence.
Estimate Your CD Earnings
See how your deposit could grow based on the term you choose and the current APY available for that certificate.
Certificate Details
Your Estimate
$0
Current CD Rates
Looking for our highest promotional rate? Learn more about our current CD Special.
| Description | Rate | Annual Percentage Yield | Minimum Daily Balance to Earn APY | Minimum Amount to Open Account | |
|---|---|---|---|---|---|
| 6 months | 3.78% | 3.85% | $1,000.00 | $1,000.00 | Open Account |
| 12 months | 3.20% | 3.25% | $1,000.00 | $1,000.00 | |
| 24 months | 2.96% | 3.00% | $1,000.00 | $1,000.00 | |
| 36 months | 2.96% | 3.00% | $1,000.00 | $1,000.00 | |
| 48 months | 2.96% | 3.00% | $1,000.00 | $1,000.00 | |
| 60 months | 2.96% | 3.00% | $1,000.00 | $1,000.00 | |
| 72 months | 2.71% | 2.75% | $1,000.00 | $1,000.00 |
Frequently Asked Questions
What is a Certificate of Deposit (CD)?
A Certificate of Deposit (CD) is a savings product that offers a fixed dividend rate for a set period of time, known as the term. Unlike regular savings accounts, CDs typically provide higher returns in exchange for keeping your funds on deposit until maturity.
Not sure what terms like CD, APY, or maturity date mean?? Explore our Money 101 page for plain-language explanations of common banking and financial terms.
How does a CD differ from a savings account?
Both CDs and savings accounts help you save money, but they work differently. A savings account allows you to deposit and withdraw funds as needed, while a CD locks in your funds for a specific term in exchange for a fixed dividend rate. CDs are often a good option for money you won’t need right away and want to grow predictably.
What happens when my CD reaches maturity?
When your Certificate of Deposit reaches maturity, you’ll have several options. You can withdraw your funds, renew your CD for another term, or choose a different CD term that better fits your goals. Unless we hear from you, your CD will automatically renew for the original term at the rate offered at the time of renewal.
If you’re considering your next steps, contact us before your maturity date and we’ll be happy to review your options.
Can I withdraw money from a CD before it matures?
Yes, but an early withdrawal penalty may apply. Because CDs are designed to help you save for a specific period of time, withdrawing funds before the maturity date may reduce your earnings. Contact us for details about early withdrawal penalties.
Are Certificates of Deposit federally insured?
Yes. Deposits at Quincy Credit Union are federally insured by the National Credit Union Administration (NCUA) up to applicable limits. CDs receive the same federal insurance protection as other eligible deposit accounts.
APY = Annual Percentage Yield. Rates on Certificates of Deposit are guaranteed until maturity. Unless we hear from you, your Certificate of Deposit will automatically renew for the original term at the rate offered at the time of renewal. Early withdrawal penalties may apply. Rates are subject to change without notice. Membership eligibility required; a $5 Primary Share Savings Account is required to establish membership.