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.