Certificates of Deposit
NECU offers the following Certificates of Deposit (CDs):
| Regular CD |
|
Account Term
|
Dividend Rate
|
APY
|
Minimum to open
|
Minimum to
obtain stated
APY
|
| 6 Month |
0.35% |
0.35% |
$500 |
$500 |
| 12 Month |
0.50% |
0.50% |
$500 |
$500 |
| 18 Month |
0.65% |
0.65% |
$500 |
$500 |
| 24 Month |
0.90% |
0.90% |
$500 |
$500 |
| 36 Month |
1.20% |
1.21% |
$500 |
$500 |
| 48 Month |
1.80% |
1.82% |
$500 |
$500 |
| 60 Month |
2.00% |
2.02% |
$500 |
$500 |
APY equals Annual Percentage Yield
Effective date 09/29/2011
Our Northeast Credit Union certificate guarantee assures you that should rates go up within ten days of your certificate being opened; we will move your certificate to the higher rate resulting in a change in rate. (This is in addition to our "bump-up" rate feature.) If you choose to exercise your "bump-up" rate feature option, which allows you to move your certificate to a higher rate should rates change during the time you hold your certificate, the bump-up will result in a rate change. You can exercise the "bump-up" feature one time during the term of your certificate.
Add-on feature allows you to add up to the original amount of your certificate.
Dividend penalty will be imposed for early withdrawal as applicable.
Northeast Credit Union has complemented the federal share insurance with an additional $250,000. This savings protection is available at no charge on all qualifying accounts through ESI, a private insurer. That could bring your protection up to $500,000. Make sure your accounts are set up so that you can take advantage of this extra protection by contacting us today.
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