KEY FEATURES
GUARANTEED RETURNS
lock in a great rate
FLEXIBILITY
adjust anytime before end of term
SAFETY & SECURITY
rest while your money works for you
Save & Earn More with a Certificate of Deposit
CSCU Certificates of Deposit (CDs) provide a secure way to grow your savings with guaranteed returns. Ideal for those looking to secure their financial future, our CDs offer higher interest rates than regular savings accounts.
Key Features of CSCU Certificates of Deposit
Guaranteed Returns: Fixed interest rates ensure stable growth.
Flexible Terms: Choose terms from 6 to 60 months.
Low Minimum Deposit: Start with as little as $500.
Safety and Security: NCUA insured up to $250,000 and ESI up to $750,000.
How to Open a Certificate of Deposit
Choose Your Term: Select a CD term.
Fund Your CD: Minimum deposit of $500.
Enjoy Growth: Earn with a fixed, competitive rate.
Why CSCU?
Join CSCU for community-focused, reliable financial products for those doing life in Walker, San Jacinto, Trinity, Houston, Madison, and Grimes County, Texas. Achieve your savings goals with our secure, high-yield CDs.
Certificate of Deposit Rates
Effective March 1, 2025
| Term | Amount to Open | APY* |
|---|---|---|
| 6 Months | $500.00 | % |
| 12 Months | $500.00 | % |
| 24 Months | $500.00 | % |
| 36 Months | $500.00 | % |
| 46 Months | $500.00 | % |
| 60 Months | $500.00 | % |
*APY – Annual Percentage Yield. The APY is an annualized rate that reflects estimated interest earnings based on the interest rate and frequency of compounding. Rates and terms are subject to change without notice. Penalties apply for early withdrawals from certificate accounts. Terms and conditions subject to change.
FREQUENTLY ASKED QUESTIONS
What is a Certificate of Deposit?
A Certificate of Deposit (CD) is an investment instrument that provides a fixed rate for a specific period of time. The funds cannot be withdrawn during the certificate term without paying a penalty. Certificates are federally insured by the NCUA to at least $250,000 and ESI up to $750,000.
What is the minimum deposit needed to open a CD?
$500 – 6, 12, 18, 36, 48, and 60 Month
$5,000 – 24-Month Step Rate
$10,000 – 24-Month Step Rate Plus
$40,000 – 6 or 12-Month Mini Jumbo
$75,000 – 6 or 12-Month Jumbo
NOTE: Maximum Deposit for an IRA account each tax year is dependent on the individual’s age and current law
What are the available terms for Certificate of Deposits?
6, 12, 18, 24, 36, 48 and 60 months.
What penalties apply for early withdrawal prior to maturity?
Penalties imposed for early withdrawal will equal the number of days’ interest on the amount withdrawn, as shown below. Not applicable to payments to beneficiaries of deceased members.
90 days on 6-month certificates
180 days on 12-month certificates
180 days on 18-month certificates
270 days on 24-month certificates
365 days on 36-month certificates
540 days on 48-month certificates
720 days on 60-month certificates
What are my options after my Certificate of Deposit matures?
Certificates will automatically renew at maturity. Members may prevent renewal by sending the credit union written notice or calling the credit union prior to maturity with the intent to not renew. Members have a grace period of 10 calendar days after maturity to withdraw funds without being charged an early withdrawal penalty. Here are your options explained:
Auto-renew your CD
Sit back & relax. If no action is taken during the 10-day grace period, your certificate will renew at our current rate offering based on the term and amount of your renewing certificate.Upgrade your investment
Shop our CD Rate Specials to optimize your investment. Find a great rate or a better term and keep on earning.Earn more with your existing CD
Put more of your money to work earning interest for you in your existing CD.Withdraw from your existing CD
If you want a more flexible option for your savings, we recommend our High Yield Savings Account (MMA), where your money is accessible while still earning you higher interest than other accounts might. Other withdrawal options include: mailed checks, transfer via ACH, or transfer to another CSCU account.
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