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Overview
- No monthly or maintenance fees
- Open a Certificate with as little as $500 for all terms
- Flexible terms to suit members savings needs
- Funds are insured for up to $250,000 by the NCUA
Why you might benefit from a CD
CDs can pay off for members who want an investment with a guaranteed return, who are certain that they won’t need access to that cash during the duration of the term length.
Jumbo Certificate of Deposits
Jumbo CD’s are available with a minimum deposit of $25,000 for terms 6 months to 5 years and will automatically renew for the same term length, at the rate in effect on the renewal date.
How long is a Certificate of Deposit
There are many options, from 6 months, through 7 years. The longer the term length — the longer you commit to keeping your money with the Credit Union — the better interest you will earn on your investment.
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Rates
Rates
Savings Certificates
Rates Effective as of: 09-19-2024Term Minimum Balance Dividend/Interest Rate APY 6 Month $500 0.449% 0.45% 6 Month $25,000 0.499% 0.50% Penalty for early withdrawal.
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FAQs
Frequently Asked Questions
You will receive a notice in the mail 30 days before the maturity date of your CD.Once the initial deposit has been made funds cannot be added to the CD until maturity. Once the CD matures you may add funds if you wish to renew the CD.Yes. The penalty for withdrawing from/closing the CD with be based on the interest earned on the account.Although a CD is not necessarily liquid, it is considered one of the safest investments available. The longer CD you have the higher the rate is going to be. There are no fees for the Certificate of Deposit and you earn interest based on the balance in the CD.People Driven offers multiple CD's starting from just a $25 minimum! Please reach out to us at 248-263-4100 if you have any interests in a CD or check out our CD pages!
What Is a Certificate of Deposit?
A CD, is a savings account in which you make a deposit to be kept in the account until a future maturity date.
The longer the maturity date, the higher the interest earned.
Apply NowDisclosures
People Driven Credit Union savings are Federally insured to at least $250,000 by the NCUA and backed by the full faith and credit of the United States Government. APR = Annual Percentage Rate. APY = Annual Percentage Yield. View our Privacy Policy and read our disclaimer regarding links to other sites.
