You can earn higher interest rates with a Certificate from DCFCU. We offer terms ranging from 6 to 60 months with a minimum deposit of $2,000. Interest is paid monthly and can be compounded or deposited to your DCFCU Checking or Money Market Account monthly. The same options hold true for principal at maturity. Early withdrawal from any certificate may incur a dividend penalty.
*Annual Precentage Yield. Penalty for early withdrawal. Minimum amount required to open certificate is $2,000, with a maximum of $250,000.
|Effective Date: Tuesday, September 26th, 2023|
|6 month||$2,000.00||1.49%||1.50% APY|
|12 month||$2,000.00||1.98%||2.00% APY|
|24 month||$2,000.00||2.96%||3.00% APY|
|36 month||$2,000.00||2.23%||2.25% APY|
|48 month||$2,000.00||2.47%||2.50% APY|
|60 month||$2,000.00||2.71%||2.75% APY|
|*APY = Annual Percentage Yield.|
A Certificate of Deposit (CD) is a savings certificate entitling the bearer to receive interest. A CD has a maturity date, a specified fixed interest rate, and can be issued in any denomination. When you open a CD, your money is on deposit for a specific time period. For agreeing to keep it on deposit for a specified time period, you earn more than you would in a regular savings account. If you cash it in before its maturity date, you pay a penalty.
Interest rates on Certificates of Deposit (Share Certificates) vary and are based on the term of the certificate and on the opening balance of the certificate.
Yes, we have a partnership with Landis Wealth Management to provide investment services to our members.
Whatever you want to accomplish in life, the best place to start is with a financial plan. Making appropriate financial decisions based on your current and future goals is our priority. Depending on your life’s goals — whether saving for college, nearing retirement, or getting ready to start a family — we can help you plan for all of life’s moments. We can even help you plan for those unexpected emergencies.
You can request an appointment to meet with a Financial Advisor right in our office by visiting the Financial Planning page on our website.