One could think of CDs as one of the best money-back guarantees. Simply pick the term to deposit your funds and earn dividends that are higher than regular savings. There are no risks, no stocks to watch — just a guaranteed, fixed-rate return with federal insurance. CDs can be used to diversify investing or to save for a specific goal without the temptation to spend.

  • Set aside for future savings goals
  • Competitive, fixed rate for length of term
  • Greater earnings than share accounts
  • Receive higher rates by selecting a longer term
  • Provides more guarantee than other risky investments
  • A wide range of terms available (from 6 to 60 months)
  • Locked rate for length of term
  • Minimum monthly balance of $500
  • No setup or maintenance fees
  • Early withdrawals subject to penalty
  • $500 minimum deposit to open
  • Federally insured by NCUA up to $250,000