Certificate of Deposits (CDs)
CDs are similar to savings accounts in that they are insured and thus virtually risk-free; they are “money in the bank”. CDs differ from savings accounts in that the CD has a specific, fixed term and  a fixed interest rate. It is intended that the CD be held until maturity, at which time the money may be withdrawn together with the accrued interest.

CD account details:
  • Minimum to open: $5,000
  • Minimum to earn dividends: $5,000
  • Service Fee: None
  • Transaction limits: No withdrawals permitted until CD maturity.
  • Early Withdrawal Penalty:  A loss of 9 months interest
  • Deposits are Federally insured up to $250,000 per individual depositor through NCUA
  • Fixed Interest Rate: Rate compounds and pays annually to the membership share account, call ECU for current rates 800-382-2400
* See Disclosures for additional information.