Certificate of Deposits (CDs) are a great way to put your money to work in a flexible, stable, and financially responsible way – without the risk. Unlike savings accounts or money-market accounts, Certificates of Deposit (sometimes called Share Certificates by credit unions) ask you to commit your money for a period of time, from a few months to up to five years, in exchange for a better guaranteed interest rate. The advantage of CDs is that you get a guaranteed interest rate that is not tied to interest volatility. The return on your savings is assured, but there is a penalty for early withdrawal.
|Term||Interest Rate||Annual Percentage Yield (APY)||Member Perks
|30 Month Special**||2.967%||3.00%||N/A||N/A|
*Minimum to open/minimum balance $1,000. Penalties may be imposed for early withdrawal. Fees could reduce earnings on these accounts. Rates may change at any time. Eligible for 0.25% APR rate bump for qualified Member Perks accounts.
**Offer is subject to change and may be discontinued at any time, but no later than December 31, 2018. The minimum balance is $5,000 of which at least $3,000 must be money new to iQ accounts. Eligible for member-initiated one-time bump to the then-current 36-month rate at any time during original term. Promotional certificates mature to the next longer available regularly offered term, at then-current rate. Does not qualify for Member Perks. Penalties may apply for early withdrawal. Fees could reduce earnings on these accounts. May not be combined with any other offer.