Summer of Financial Growth – Opening a Certificate of Deposit

Certificates of deposit, or CDs, are the perfect option for making your savings grow. It is a safe and predictable  savings account that pays you a higher interest rate in return for securely locking your money away for a certain period of time. 

What is a CD? 

A CD, which stands for Certificate of Deposit, is a special savings account that will grow money over time. When you open a CD, you agree to keep your money in the account for a specific length of time. During this period, you cannot withdraw money easily like you would from a regular savings account. In return for saving your money in the CD, you will begin to accumulate interest. The longer you agree to keep your money on the CD, the more interest you will earn. 

Why should I open a CD? 

One of the primary advantages of a CD is the higher interest rates it offers compared to traditional savings accounts. By locking in your funds for a fixed period, you can enjoy more substantial returns on your investment. This is especially beneficial in today's high-interest-rate environment. 

Are there any risks involved? 

Christian Financial is NCUA Insured, which means we can assure your money is protected and secured. The NCUA regulates credit unions, insures deposits, and protects the members of credit unions. Your CD’s performance is independent of market fluctuations, so there is no risk involved. 

Other Options for Certificates of Deposits:  

  • Super Saver—With a Super Saver Certificate, all you need is $500 and one year until maturity. The best part is that during the term you can make additional deposits of at least $50. 

  • Term Certificates—A term certificate allows you to choose the length of time to invest your money. Christian Financial offers term certificates ranging from 6 months to 5 years.  

  • Save to Win— Save to Win is a 12-month certificate of deposit that builds savings while also giving you the chance to win thousands of cash prizes monthly and several $5,000 cash prizes quarterly each year!   

Plus, you can open your new CD online in minutes. Fund your new CD with money held outside the Credit Union or from your Christian Financial account.  

*APY = Annual Percentage Yield. APY is not variable and will not change after the certificate is opened. APY is accurate as of 7/7/23. Minimum balance to earn APY is $1,000 and balance must be maintained for the full term of the certificate. The penalty for early withdrawal is 180 days interest (whether earned or not) for 36 month CDs. If the interest penalty exceeds the interest earned, the difference will be deducted from the principal amount. The dividend rate is subject to change without notice. Please see our disclosures for full details. 
Contact Us:

Corporate Headquarters:
35100 Van Dyke Ave
Sterling Heights, MI 48312


Routing & Transit Number: 272484289
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Christian Financial Credit Union was founded in 1950 and has grown to serve anyone who lives, works,
worships or goes to school in Macomb, Wayne, Oakland and St. Clair Counties. 
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Federally insured by the NCUA
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