Certificate of Deposit

Savings You Can Count On

A Certificate of Deposit (CD) is a popular and easy method to save some money for a future project and earn interest along the way. We’ve made it easy for you to reach your savings goals, so all you have to do is decide how much and for how long, and we’ll do the rest!

Open Certificates With
As Little As $50.00

Flexible Terms Ranging
From 3 to 60 Months

Guaranteed Rate
For Entire Term

Insured Up To
$250,000 By NCUA

Certificate of Deposit Special

Take advantage of our special rate before it’s gone!

12-month CD rate: 1.70% APY*

*Annual Percentage Yield. Rate accurate as of 3/2/20. Minimum balance of $50 required. Minimum (1) direct deposit or active checking (8+ debit card transactions) per month is required to receive above stated rates. Members without direct deposit or active checking eligible to receive 12-month special – 1.50%APY rate. Early withdrawal penalty is 90 days of interest. All CD specials regardless of term length are eligible for rate protector, a one-time rate bump over the course of CD term. 12-month special will renew at standard 12-month rate upon maturity. Limited time offer. Insured by NCUA.

What Is a Certificate of Deposit?

A secure deposit. Deposited money must stay in the credit union for a specified length of time to earn a promised return.

Flexible. You can pick the term to fit your needs, whether it’s three months or as long as 60 months.

Versatile. A certificate of deposit can be used to save for a future goal, like a home project, vacation, college tuition, and much more!

Insured. The National Credit Union Association (NCUA) insures CDs up to $250,000.

What Are The Advantages?

Open a certificate of deposit with as little as $50!

Interest rates vary depending on the term and the amount deposited.

Rates are locked in for the length of the term of the certificate.

Most CDs earn higher interest rates than regular savings accounts and money market accounts.

The simple process of opening a certificate of deposit means you don’t have to constantly monitor or take action on it.

Certificate of deposit RATEs

We offer competitive rates on certificates of deposit because we want you to get the most out of the money you’re depositing with us!

Share, Traditional IRA, Roth IRA, HSA^ & Coverdell Education Savings Account Certificates Effective Date: Oct 25, 2020
Term	Interest Rate	APY*
3 months¹	0.10%	0.10%
6 months¹	0.10%	0.10%
9 months¹	0.20%	0.20%
12 months¹	0.300%	0.30%
18 months¹	0.349%	0.35%
24 months¹	0.399%	0.40%
30 months¹	0.449%	0.45%
36 months¹	0.499%	0.50%
48 months¹	0.598%	0.60%
60 months¹	0.698%	0.70%
12 month Add-On^{2^}	0.349%	0.35%
All youth under the age of 18 will receive an additional 0.25% APY to the stated rates unless otherwise noted. A penalty fee may be imposed if you withdrawal funds prior to the maturity date.¹Rate Protector allows a one time rate adjustment for 3-36 month term CDs and a two time rate adjustment for 37-60 month term CDs with no penalties or fees. ^{2^}12 month add-on not eligible for additional 0.25% APY youth rate bump or rate protector adjustment. HSA CD only available on the 12-month add-on CD rate and term. Contact a member service representative to open an HSA CD. APY = Annual Percentage Yield. ^* Minimum (1) direct deposit or active checking (8+ debit card transactions) per month is required to receive above stated rates. Rate Protector and Youth 0.25% APY rate bump are valid on CD Specials.

Protect Your Rate

Are you concerned about committing to one of our current rates? With Rate Protector, you can choose one time during the term of your certificate of deposit to bump your rate, if interest rates go up!

Interest Calculator

Use this calculator to help you determine how much interest you could earn with each certificate of deposit and which one would best help you reach your savings goal.

Certificate of Deposit FAQs

How much do I need to open a CD?

Here at Honor Credit Union, you can open a certificate of deposit with as little as $50.

How do I know which term is best for me?

Each person has different goals for their money, and different ideas of how they would like their money to work for them. We would love for you to visit an Honor member center, or give us a call to go over all of our CD options and what might work best for you.

What is APY?

Annual Percentage Yield (APY) expresses an annual rate of return taking into account the effect of compounding.

Simply put, the higher the APY, the faster your balance grows. If you have two similar interest rates, the more frequently interest is compounded, the higher the APY will be. Those higher APYs can mean more savings for you.

What is an interest rate?

An interest rate is the rate at which a financial institution agrees to pay you back for holding your money.