Credit Union 5 Year Cd Rates

In a falling interest rate environment locking in a decent return for five years can be very appealing.

Credit union 5 year cd rates. It also offers a one year cd for kid s vyteen bravo and achieve members only what it pays. Wings financial credit union. These cds can help you work toward your individual savings goals. Its jumbo rates on share certificates or credit union cds are about 0 10 better than its standard certificate yields and the minimum opening balance is 50 000.

At fdic and ncua insured institutions your deposits are covered up to 250 000 including any cds you buy from the bank or credit union. Then again five years is a long time to stash your money away so you should consider your options carefully. Interest is paid out quarterly. As of june 2019 the average one year credit union cd had a 1 42 annual percentage yield apy compared to the 1 11 apy average among one year bank cds.

Five year certificates of deposit cds are among the most popular cds because they re often a bank or credit union s highest yielding deposit account. The credit union has low minimum balances and cd terms from as short as 30 days to as long as five years. The best five year cd rates tend to be much higher than the national average rate of 0 37 apy. Best 5 year cd wings financial credit union based in apple valley minnesota was started in 1938 by a handful of northwest airlines employees.

Summary of best 5 year cd rates. Credit union cd rates can at times be higher than bank cd rates and online banks tend to offer the highest interest rates among banks overall. Cds at schoolsfirst have four balance tiers. No monthly or opening fees.

Vystar credit union offers 10 cds terms ranging from three months to five years. 500 20 000 50 000 or 100 000.