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Christian Financial Credit Union | Certificates of Deposit
Secure Your Savings With a CD
A Certificate of Deposit (CD) is like a money time capsule – you lock away your cash for a set amount of time, and in return, your account gains more interest than a traditional savings account. Sit back and watch your cash blossom with our variety of CD options!
Choose the Right CD for You!
We Have Options
Term CDs
Make smart money moves with our Term Certificates! You get to call the shots on how long your money stays invested – whether it’s 6 months or 5 years, you have choices.
Save To Win CDs
Our Save to Win Certificate is only $25 to open and you can add to it as often as you like. With a Save to Win CD you have chances to win extra cash every month just for saving!
Super Saver CDs
Start with just $500 and watch your money grow. Plus, you can supercharge your savings with additional deposits of at least $50 along the way.
Start Winning Today with Save to Win!
For every $25 increase in your month over month balance, you are entered for a chance to win cash prizes each month. Plus, you collect interest on all the money you deposit!
Maximize Your Savings with a Certificate of Deposit
The Benefits of CDs – Explained
They offer steady growth
CDs offer a fixed interest rate that exceeds regular savings accounts, ensuring that your money will experience consistent growth at a predetermined rate.
No market risk
Your CD’s performance is independent of market fluctuations, so there is no risk involved.
NCUA Insured
Confidence and trust that your funds are secure with us.
Low minimum balance
Only $500 to open most CDs with Christian Financial. Only $25 for a Save to Win account!
Simple to open
Open your new CD online in minutes. Fund your new CD with money held outside the Credit Union or from your Christian Financial account.
6 Month Certificate
Term |
Dividend Rate |
Minimum Balance |
APY*
|
|---|---|---|---|
| 6 Month* | 1.99% | $500 | 2.00% |
*APY = Annual Percentage Yield. Dividends are compounded and credited quarterly. Penalties may apply for early withdrawals from certificate accounts. Fees may reduce earnings. Rates are subject to change without notice. See our Member Agreement Booklet for full details.
Certificates of Deposit
Term |
Dividend Rate |
Minimum Balance |
APY*
|
|---|---|---|---|
| 12 Month Save To Win Certificate*** | 1.49% | $25 | 1.50% |
| 12 Month Super Saver Certificate** | 3.45% | $500 | 3.50% |
| 12 Month Youth Certificate | 3.93% | $250 | 4.00% |
| 12 Month | 3.93% | $500 | 4.00% |
| 18 Month | 4.03% | $500 | 4.10% |
| 24 Month | 4.12% | $500 | 4.20% |
| 36 Month | 3.69% | $500 | 3.75% |
| 48 Month | 3.45% | $500 | 3.50% |
| 60 Month | 3.69% | $500 | 3.75% |
*APY = Annual Percentage Yield. Dividends are compounded and credited monthly. Penalties may apply for early withdrawals from certificate accounts. Fees may reduce earnings. Rates are subject to change without notice. See our Member Agreement Booklet for full details.
**SUPER SAVER CD
Additional Super Saver deposits not to exceed $100,000 in aggregate per Certificate. Maximum number of Super Saver Certificates is limited to TWO per Social Security number. See our Member Agreement Booklet for full details.
***SAVE TO WIN
Additional deposits can be made throughout the term of the certificate. Maximum number of Save To Win Certificates is limited to ONE per Social Security number. See full disclosures for specific Save To Win CD details. Save to Win Early Withdrawal Penalty will be equal to $25. Fees may reduce earnings. View the Save to Win Official Rules for full details.
Calculate CD/Savings Account Earnings
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Reviews
Don't take our word for it!
“If you want to get great rates on a CD or other low-risk investment accounts, come here for sure!”
“I couldn’t be happier with the service I received from Christian Financial. They were professional, so knowledgeable, always friendly and not pushy on service they were providing.”
“I love CFCU! I’ve been with them for 10 years – great staff and good service!”
Frequently Asked Questions (FAQ's)
What Is a Certificate of Deposit (CD)?
A Certificate of Deposit (CD) is a savings product that offers a fixed interest rate for a set period of time. In exchange for keeping your money in the account for the full term, you can typically earn a higher rate than with a traditional savings account.
The Certificate of Deposit's term is the length of time you agree to keep your funds on deposit. CD terms can range from 6 months to 5 years, giving you the flexibility to choose the option that best fits your savings goals. Visit our Rates Page to view current CD terms and rates.
What Is the Difference Between APY and APR?
APY and APR are both ways of measuring interest, but they tell you different things.
APY (Annual Percentage Yield) is the amount you earn on savings and deposit accounts. APY includes the effect of compound interest, which means you can earn interest on both your original deposit and the interest you've already earned.
APR (Annual Percentage Rate) is the interest rate you pay when borrowing money, such as with a loan or credit card.
A simple way to remember it: APR helps you understand what borrowing may cost, while APY shows what your savings can earn.
When Do I Receive My Interest?
Interest accrues daily and is paid monthly. You can choose how you'd like to receive your earned interest:
- Added directly onto the Certificate - Your interest is automatically added to your Certificate balance each month, helping your savings grow even faster through compounding
- Deposited to another CFCU account - You can have your monthly interest deposited directly into another eligible CFCU account instead of being added to your Certificate balance
Note: If you'd like to use this option, a Member Service Representative can help you set it up.
What Is Compound Interest?
Compound interest helps your savings grow over time by adding the interest you earn back to your Certificate balance. As your balance grows, you earn interest on a larger amount each month.
With simple interest, the interest is paid to a separate account, so you continue earning interest only on your original deposit.
If your goal is to maximize your savings growth, compound interest can be a great option.
Are CDs a Safe Investment?
Yes – Certificate of Deposits are insured up to $250,000 per owner by the National Credit Union Administration (NCUA). Coverage is based on ownership category.
- Individual accounts - A single-owner account will be insured up to $250,000
- Joint accounts - Any account that is shared with another person are insured up to $250,000 per owner.
(Example: A joint account with two owners provides $500,000 in covereage) - Retirement accounts - IRA (Individual Retirement Accounts) are insured separately up to an additional $250,000.
Note: Beneficiaries may be included; however, specific requirements apply. If the total balance exceeds $250,000 and only beneficiaries are listed (with no joint owners on the account), please consult with a Member or Financial Service Representative to ensure proper coverage.
What If I Need to Withdraw Money Early?
If you need to withdraw money from your original deposit (principal), an early withdrawal penalty may apply. Penalties are based on the amount withdrawn and the length of your Certificate term:
- 6-Month Certificate: Up to 90 days of interest
- 12-Month Certificate: 90 days of interest, whether earned or not
- 18-, 24-, 36-, or 48-Month Certificate: 180 days of interest, whether earned or not
- 60-Month Certificate: 365 days of interest, whether earned or not
If you're considering an early withdrawal, we're here to help you understand your options and make the best decision for your financial goals.
What Happens When a CD Matures?
When you open your Certificate, you'll choose what happens when the term ends. You can have it automatically renew for the same term, allowing your savings to continue growing, or have the funds transferred to a CFCU deposit account.
It's a simple way to make sure your money continues working for you based on your goals.
Is There a Grace Period After Maturity
Yes. If you choose to have your Certificate automatically renew, you'll have a 7-calendar-day grace period after the maturity date to make changes without penalty. During this time, you can adjust the term, add funds, or withdraw funds based on your savings goals.
Because life changes, we want to give you the flexibility to make the choice that's right for you.
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