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Certificates of Deposit (CDs)

Certificates of Deposit (CDs)

A safe, secure investment with guaranteed returns

Certificates of Deposit (CDs)

Certificates of Deposit (CDs)

A reliable investment with guaranteed returns

Choose your CD

Choose your CD

TDECU offers a variety of CDs, giving you more options to build your savings:

  • Standard CDs with an opening deposit starting at $1,000
  • IRA CDs available to our Members with TDECU IRAs
  • Jumbo CDs that earn 0.15% above the standard CD rate2
  • CDs for kids and teens, for as little as $100

Grow your savings at a higher interest rate

A certificate of deposit (CD) is a secured time deposit, where money stays in your account for a selected amount of time, earning a promised return. CDs are not only a reliable and secure way to invest your money, but also offer higher interest rates than a regular savings account.

As a TDECU Member, you are offered higher CD rates than you would receive at most big banks. And with multiple CD options and terms, we are confident you will find the right CD to fit your financial goals. Open a CD today and start watching your hard-earned savings grow.

TDECU Certificates of Deposit feature these benefits:

Up
to

4.75%

APY1

3 to 60

Month Terms

Up
to

$250,000

Insured by the NCUA

Compare CDs

Choose the CD that supports your savings goals.

Standard CDs

A low-risk savings tool with various term lengths that typical earns more than a savings account.

  • $1,000 Opening Deposit
  • 3 to 60 Month Term

Interest Rate

1.74% - 4.65%

APY1

1.75% - 4.75%

Term Length Interest Rate APY1
3 months 1.74% 1.75%
6 months 2.23% 2.25%
12 months 4.41% 4.50%
18 months 4.65% 4.75%
24 months 4.17% 4.25%
30 months 2.23% 2.25%
36 months 2.28% 2.30%
48 months 2.33% 2.35%
60 months 2.37% 2.40%

Jumbo CDs

A Jumbo CD2 is a certificate of deposit that requires an initial deposit greater than $100,000.

  • $100,000 Opening Deposit
  • 3 - 60 Month Term
  • Jumbo CDs earn 0.15% interest rate above the Standard CD interest rate when opened new or at renewal.

Interest Rate

1.88% - 4.80%

APY1

1.90% - 4.90%

Term Length Interest Rate APY1
3 months 1.88% 1.90%
6 months 2.37% 2.40%
12 months 4.56% 4.65%
18 months 4.80% 4.90%
24 months 4.32% 4.40%
30 months 2.37% 2.40%
36 months 2.42% 2.45%
48 months 2.47% 2.50%
60 months 2.52% 2.55%

IRA CDs

A certificate of deposit that offers a secure way to invest a portion of your tax-advantaged TDECU IRA funds.

  • $1,000 Opening Deposit
  • 3 - 60 Month Term

Interest Rate

1.74% - 4.65%

APY1

1.75% - 4.75%

Term Length Interest Rate APY1
3 months 1.74% 1.75%
6 months 2.23% 2.25%
12 months 4.41% 4.50%
18 months 4.65% 4.75%
24 months 4.17% 4.25%
30 months 2.23% 2.25%
36 months 2.28% 2.30%
48 months 2.33% 2.35%
60 months 2.37% 2.40%

M3 Money Club CDs

A Certificate of Deposit (CD) designed for kids ages 4 to 12 to teach them the value of long-term investments.

  • $100.00 Opening Deposit
  • 3 - 60 Month Term

Interest Rate

1.74% - 4.65%

APY1

1.75% - 4.75%

Term Length Interest Rate APY1
3 months 1.74% 1.75%
6 months 2.23% 2.25%
12 months 4.41% 4.50%
18 months 4.65% 4.75%
24 months 4.17% 4.25%
30 months 2.23% 2.25%
36 months 2.28% 2.30%
48 months 2.33% 2.35%
60 months 2.37% 2.40%

Elements Teen Club CDs

A certificate of deposit designed for teens ages 13 to 17 who want a low-risk, higher yield savings account.

  • $100.00 Opening Deposit
  • 3 - 60 Month Term

Interest Rate

1.74% - 4.65%

APY1

1.75% - 4.75%

Term Length Interest Rate APY1
3 months 1.74% 1.75%
6 months 2.23% 2.25%
12 months 4.50% 4.41%
18 months 4.65% 4.75%
24 months 4.17% 4.25%
30 months 2.23% 2.25%
36 months 2.28% 2.30%
48 months 2.33% 2.35%
60 months 2.37% 2.40%

Advantages and benefits of a TDECU Certificate of Deposit

From competitive rates to flexible terms, a TDECU CD offers safe, secure, guaranteed returns.

Low minimum deposit

Low minimum deposit

Invest with as little as $1,000.

Withdraw interest without penalty

Withdraw interest without penalty

Spend your interest when and how you see fit.

Safe and secure

Safe and secure

Funds up to $250,000 are insured by the National Credit Union Administration.

Certificate of Deposit Calculator

How much interest will you earn from a TDECU CD?

Determine which TDECU CD will help you reach your savings goals by using our calculator3. This calculator can estimate how much your investment will grow over a certain amount of time. You can also use it to estimate CD earnings from another bank or credit union to ensure you are getting the best rate of return over the term.
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Certificates of Deposit FAQ

What does CD stand for?

CD is short for a “Certificate of Deposit,” a low-risk, fixed-rate investment.

Are CDs a good investment?

Certificates of Deposit (CDs) can be an excellent savings option for anyone wanting stability and guaranteed growth. Certificates of Deposits, or CDs, are a low-risk investment. The NCUA insures CDs up to $250,000, so there is no risk of losing your investment in a CD up to that amount. CDs also offer higher returns than traditional savings accounts, with a predictable return that is agreed upon at the opening of the Certificate of Deposit. CDs also have various terms ranging from 3 months to 5 years, allowing you to decide how long you want your money to accrue interest.

The standard insured amount is $250,000 per member, per credit union, for each account ownership. Certificates of Deposit are backed by the National Credit Union Administration so your money is not at risk up to $250,000.

Can I lose my money on a CD?

The standard insured amount is $250,000 per depositor, per insured bank or credit union, for each account. Since Certificate of Deposits are backed by the federal government and National Credit Union Administration, your money is not at risk up to $250,000.

Are there any minimum or maximum amounts for a CD?

The minimum balance to open and maintain a TDECU Certificate of Deposit is $1,000. There is no maximum for a CD, but the National Credit Union Administration will insure a maximum of $250,000.  TDECU also offers youth and teen CDs for as little as $100.

When will my CD mature?

Your Certificate of Deposit will mature at the end of your selected fixed term. If you selected a 3-month term, it would mature in 3 months. A 60-month term would mature in 60 months.

What do you do with a CD after it matures?

There are three major options to choose from when a Certificate of Deposit matures:

  • The first option is to renew your CD at the same rate and term length.
  • The second option is to roll your CD balance into a new CD and select a different rate and term length. Depending on your investment strategy, a longer- or shorter-term length may be more valuable.
  • The third option is to withdraw your ending balance. If a CD is no longer part of your investment strategy, it may be worth withdrawing and placing the money in a different account or investment type.
Refer to your original CD Agreement for additional terms & conditions.

Can I cash in a CD before it matures?

When you open your CD, you agree to keep your money on deposit for a certain term.  TDECU pays interest on your deposit in exchange for keeping your money in your CD during that timeframe. Although we do not recommend doing so, you may withdraw your deposit before maturity, but you will incur an early withdrawal penalty. Refer to TDECU's Member Handbook & Truth in Savings brochures for additional terms & conditions.

What is the difference between a Standard CD and a Jumbo CD?

Jumbo CDs typically pay a higher interest rate than standard CDs. A jumbo Certificate of Deposit requires a higher opening deposit starting at $100,000.

Ready to get started?

Members can open a CD online, in person, or over the phone.

1APY = Annual Percentage Yield.

2Jumbo CDs earn 0.15% above the Standard CD interest rate when opened new or at renewal.

3Our financial calculators are provided as a free service to our members. The information supplied by these calculators is from various sources based on calculations we believe to be reliable (but are not guaranteed, explicit or implied) regarding their accuracy or applicability to your specific circumstances. All examples are hypothetical and are for illustrative purposes, and are not intended to provide investment advice. TDECU does not accept any liability for loss or damage whatsoever, which may be attributable to the reliance on and use of the calculators. Use of any calculator constitutes acceptance of the terms of this agreement. TDECU recommends you find a qualified professional for advice with regards to your personal finance issues. 

An early withdrawal penalty will be imposed for CD withdrawals made before maturity. Refer to your original CD Agreement for additional terms & conditions.
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