Certificates of Deposit
Earn 4.25% Rate* on a 7-Month CD
A Certificate of Deposit (CD) grows your savings at a locked-in rate, with no ongoing effort on your part. It’s one of the easiest ways to hit a savings goal.
- Lock in a competitive rate for the full term
- Build short-term or long-term savings
- Backed by NCUA insurance up to applicable limits
Grow your savings with a fixed, predictable rate
Keep saving simple with a Certificate of Deposit: deposit a lump sum, choose your term, and earn a locked-in rate until it matures. When your CD matures, withdraw your balance or roll it into a new one and keep the momentum going. For members who’ve built their emergency fund and want extra savings working harder, a CD offers something a regular savings account can’t: certainty your rate won’t drop, even if the market does. Opening one takes just a few minutes online, and because Community Choice is member-owned, the rate you get reflects that. Better rates because we’re owned by you.
Limited Time CD Rates*
A CD is a safe, easy way to build a little extra savings
Open a CD online or at a member center in just minutes. Set it, forget it, and let your money grow at a fixed rate while you get back to your life.
CDs vs. Savings
What’s the difference?
CDs | Savings | |
How it works | You lock in a lump sum for a fixed term (e.g., 3 mo–5 yr) | Open-ended deposit account, add/withdraw anytime |
Interest rate | Fixed for the whole term | Variable: rate can change at any time |
Access to funds | Locked until maturity | Withdraw whenever you want |
Early withdrawal | Penalty (often a few months’ interest) | No penalty |
Best for | Money you won’t need for a set period | Emergency funds/flexible savings |
Rate certainty | Guaranteed and protected if rates drop | Rises/falls with the market |
Minimum balance requirement | Often required ($500–$1,000+) | Low or none, though top rates may need a minimum |
Insured | Yes, NCUA up to $250K | Yes, NCUA up to $250K |
Terms and Conditions
*Registration/activation required.
- Benefits are available to personal checking account owner(s), their joint account owners and their eligible family members subject to the terms and conditions for the applicable Benefits. Some Benefits require authentication, registration and/or activation. Benefits are not available to a “signer” on the account who is not an account owner or to businesses, clubs, trusts, organizations and/or churches and their members, or schools and their employees/students. Family includes: Spouse, persons qualifying as domestic partner, and children under 25 years of age and parent(s) of the account holder who are residents of the same household.
- Special Program Notes: The descriptions herein are summaries only and do not include all terms, conditions and exclusions of the Benefits described. Please refer to the actual Guide to Benefit and/or insurance documents for complete details of coverage and exclusions. Coverage is provided through the company named in the Guide to Benefit or on the certificate of insurance. Insurance products are not insured by NCUA or any Federal Government Agency; not a deposit of or guaranteed by the credit union or any credit union affiliate.
- You will have access to your credit report and score provided your information has been verified by the CRA. Credit Score is a VantageScore 3.0 based on single bureau data. Third parties may use a different VantageScore or a different type of credit score to assess your creditworthiness. Once you have activated credit file monitoring, you may request your credit score. Once you have done so, you will have access to you score on a monthly basis.
Why should you open a CD?
There are a lot of ways to grow your money, but not all of them come with a fixed, predictable rate. A CD is one of the simplest ways to know exactly what you’ll earn, and when. You should open a CD if you:
- Have a savings goal and want a rate that won’t change while you work toward it
- Want a hands-off way to build savings
- Are comfortable letting your money sit while your interest builds
Hear from happy members
Frequently Asked Questions About Certificates of Deposit
What is a certificate of deposit?
A Certificate of Deposit (CD) is a savings account that holds your money for a set term, in exchange for a fixed rate that won’t change until the term ends. It’s a straightforward way to grow savings you won’t need right away.
How does a CD work?
You deposit a lump sum, choose a term, and earn a locked-in rate for that entire term. When your CD matures, you can withdraw your balance plus what it earned, or roll it into a new CD.
Are CDs safe?
Yes. A CD’s rate is fixed for the full term, so it isn’t affected by market swings the way stocks or other investments can be. Your deposit is also backed by NCUA insurance up to applicable limits.
Are CDs insured?
Yes. Community Choice CDs are insured by the NCUA up to applicable limits, the same federal protection banks offer through the FDIC.
Are CDs worth it?
For members who’ve built their emergency fund and want extra savings working harder, a CD can be worth it. You get a fixed rate for a known term, so you can plan around exactly what you’ll earn.
Can I lose money in a CD?
Your deposit and earned rate are protected by NCUA insurance up to applicable limits, so you won’t lose your principal. The one exception is withdrawing before your term ends, which can reduce what you earn (see early withdrawal below).
What happens when a CD matures?
When your CD reaches its maturity date, you’ll have a short window to withdraw your balance, add to it, or roll it into a new CD. If you don’t make a choice, [confirm what happens by default, e.g., automatic renewal into a same-term CD].
How much do I need to open a CD?
You can open a Community Choice CD with as little as $500.
Can I withdraw money early?
Yes, though an early withdrawal penalty may apply and can reduce the interest you’ve earned. Contact us or check your account terms for details specific to your CD.
*APY=Annual Percentage Yield. Rates subject to change at any time. For more information, please refer to our Account Agreements and Disclosures.
SPECIAL 15-Month
Certificate $500 minimum—no maximum. Penalty for early withdrawal applies. Special rate subject to change at any time without notice.
SPECIAL 25-Month Certificate
$500 minimum—no maximum. Penalty for early withdrawal applies. Special rate subject to change at any time without notice.
3-Month Certificate
$500.00 minimum – no maximum. Penalty for early withdrawal applies. 3 month term subject to a 30 day dividend penalty.
6-Month Certificate
$500.00 minimum – no maximum. Penalty for early withdrawal applies. 6 month term subject to a 60 day dividend penalty.
1-Year Certificate
$500.00 minimum – no maximum. Penalty for early withdrawal applies. 1 year term subject to a 90 day dividend penalty.
2-Year Certificate
$500.00 minimum – no maximum. Penalty for early withdrawal applies. 18 months or greater terms subject to a 180 day dividend penalty.
3-Year Certificate
$500.00 minimum – no maximum. Penalty for early withdrawal applies. 18 months or greater terms subject to a 180 day dividend penalty.
4-Year Certificate
$500.00 minimum – no maximum. Penalty for early withdrawal applies. 18 months or greater terms subject to a 180 day dividend penalty.
5-Year Certificate
$500.00 minimum – no maximum. Penalty for early withdrawal applies. 18 months or greater terms subject to a 180 day dividend penalty.