Certificates of Deposit (CD)

These savings products are a good way to save money. The longer the term, the higher the rate and the more dividends you earn. Terms for 3, 6, 12, 14, 24, and 36 months are available at prevailing posted rates. Just don’t invest money that you may need access to right away, early withdrawal from this type of savings accounts is subject to a penalty on your dividend rate.

  • Special certificate rates apply to new funds only
  • Minimum opening deposit of $1,000 and unlimited deposits
  • Terms from 3 months to 4 years
  • No monthly fee
  • One-time rate increase available

*APY = Annual Percentage Yield. Fixed rate, principal, and interest remain on deposit until maturity. To qualify for the APY, you must have a Cencap Federal Credit Union membership. Minimum balance to open the certificate account is $1,000 and allows for unlimited deposits. A penalty may be applied for early withdrawals and fees may reduce earnings. Seven day grace period for withdrawals when account reaches maturity. Federally insured by the NCUA.