Certificate of Deposit (CDs)
Opening a CD is easy:
First time: Open a regular savings account. It's simple, fill out the form to join today.
Secure Growth & BCU's Best CD Rates
What is a CD? A Certificate of Deposit (CD) is a secure savings product that offers a fixed interest rate for a specific term. Unlike volatile market investments, your principal is protected, and you know exactly how much you'll earn. This predictability is ideal for those planning for specific goals, like a down payment or retirement. The Credit Union's diverse CD terms allow you to align your investment with your timeline, whether it's a short-term boost or long-term growth. Plus, as a member, you gain access to higher rates to help maximize your returns. This makes CDs a smart choice for risk-averse savers.
Beyond the peace of mind, CDs provide a competitive edge. Their rates often surpass those of traditional savings accounts, meaning your money works harder for you. NCUA insurance provides an additional layer of protection, ensuring your deposits are safe and sound. By choosing a BCU CD you're strategically growing your financial future and taking advantage of great rates.
1. Guaranteed Returns: Fixed rates, predictable growth.
2. Higher Yields: Often beat standard savings.
3. Variety of Terms: Match your financial timeline.
4. NCUA Insured: Peace of mind, safe deposits.
5. BCU Member Benefits: Enjoy exclusive rates.
In summary, BCU's certificates of deposit offer a powerful combination of security and growth, and access to some of the best CD rates. With guaranteed returns, competitive yields, and flexible terms, they're an ideal choice for anyone seeking a safe and effective way to grow their savings. As a BCU member, you'll benefit from exclusive rates and the peace of mind that comes with NCUA insurance. Choose BCU certificates of deposit to maximize your financial potential and learn what is a CD while you are at it.
Get a guaranteed return with peace of mind.
Our Certificates of Deposit (CDs) range from 3 months to 65 months, offering a fixed and secure rate of return.
Higher, guaranteed
rates of return
An even higher rate of return
when you qualify for Rewards Rates1
Peace of mind you don't get
from riskier investments
Accounts that are
federally insured
Looking for a better way to save?
Earn up to 4.00% APY* from your money and open an 18-Month CD Special*.
Special: 7-Month No Penalty CD
Earn up to 3.00% APY**
A No Penalty CD offers ultimate flexibility for your funds:
Skip the penalty
Enjoy the freedom to withdraw any time after the first 6 days of funding.
Lock in a great rate
Take advantage of competitive rates with a No Penalty CD.
Save on your terms
Choose from a limited-time 7-month term.
The fine print, magnified.
Frequently Asked Questions
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Will I be penalized for early withdrawal?
For all certificate accounts except the No Penalty CD, we may impose a penalty if you withdraw any of the principal of the certificate account before the maturity date. You may withdraw all funds including dividends from a No Penalty CD account without a penalty at any time after the 6th day following the date the account is funded.
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What are my penalties for early withdrawal?
If access to funds is needed before maturity a penalty may be imposed. Except for any No Penalty CD (See chart).
Early withdrawal penalties will depend on your CD term. 3-24 month term
90 days interest penalty
25-36 month term
180 days interest penalty
Greater than 36 months
270 days interest penalty
Not Applicable for No Penalty CDs. -
How long are Specials and No Penalty certificates available?
These special offers may change from month to month. We recommend visiting BCU Rates frequently to be up to date on current CD offers.
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How do I make a withdrawal?
Stop by a local Branch or give us a call at 800-388-7000 for assistance.
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What are my minimum balance requirements?
A minimum of $500 is required to open any certificate product.
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Does my CD rate change?
No. The CD dividend rate and APY are fixed and will be in effect for the term of the account.
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How do I receive dividends?
Dividends are automatically credited to the certificate each month, or you may elect to have a monthly dividend check mailed.
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How does my CD special rollover work?
According to the Renewal Policy, Special CD terms will automatically renew to a standard CD term of the same term or the next-lowest term.
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What happens when my CD matures?
Certificate accounts are automatically renewable accounts. These accounts will be renewed for another term upon maturity. You have a grace period of 10 days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty.
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Disclosure
1The minimum balance required to open a Certificate Account and obtain the above annual percentage yield (APY) is $500. Certificates with a balance of $0 will be closed 10 days after the open date. The APY is based on the assumption that dividends will remain in the account until maturity. A penalty may be imposed for early withdrawal. Penalty may reduce earnings. The APY is based on qualifying for the rewards rate. To qualify for a Rewards Rate Certificate Account, you must have two of the following relationships: direct deposit of at least $1,000 per month into a credit union checking account; at least $25,000 on deposit; or a qualifying loan in good standing. Qualifying loans include: Mortgage, Home Equity, Auto, and Credit Cards. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or delinquent will disqualify you for Rewards Rates.
2The minimum balance required to open an IRA Certificate Account and obtain the above APY is $500. Certificates with a balance of $0 will be closed 10 days after the open date. The APY is based on the assumption that dividends will remain in the account until maturity. A penalty may be imposed for early withdrawal. IRA Certificate Accounts are not available in Puerto Rico.
*18-Month CD
Promotional rate accurate as of 6/1/2025 and subject to changes. The minimum balance required to open a Certificate Account and obtain the above promotional annual percentage yield (APY) is $500. Certificates with a balance of $0 will be closed 10 days after the open date. The APY is based on the assumption that dividends will remain in the account until maturity. A penalty may be imposed for early withdrawal. Penalty may reduce earnings.
**13-Month CD
Promotional rate accurate as of 6/1/2025 and subject to changes. The minimum balance required to open a Certificate Account and obtain the above Annual Percentage Yield (APY) is $500. Certificates with a balance of $0 will be closed 10 days after the open date. The APY is based on the assumption that the dividends will remain in the account until maturity. You may withdraw all your money including dividend earned, without any penalties, any time after the first 6 days following the date you funded your account. Withdrawals are not permitted during the first 6 days following the date you fund your account. The APY is based on qualifying for the rewards rate. To qualify for a Rewards Rate Certificate Account, you must have two of the following relationships: direct deposit of at least $1,000 per month into a credit union checking account; at least $25,000 on deposit; or a qualifying loan in good standing. Qualifying loans include: Mortgage, Home Equity, Auto, and Credit Cards. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union lean that is not in good standing or delinquent will disqualify you for Rewards Rate.