Certificates of Deposit

A Certificate of Deposit (CD) provides an interest rate premium in exchange for leaving a lump-sum deposit untouched for a predetermined period of time.

For a limited time, get the following special rates when you open a new CD:

Term Rate APY*
11 Months
Bump-up / Add-on		 4.55% 4.65%
15 Months
Bump-up / Add-on		 4.25% 4.33%
23 Months
Bump-up / Add-on		 3.28% 3.33%
33 Months 2.77% 2.80%
45 Months 2.77% 2.80%

*Bump-up option is only available at the request of the member if the rate exceeds their current certificate interest rate, up to .50 basis points, and will only affect the rate of dividends that have not been paid out. Members may only add additional funds up to 2 times. APY = Annual Percentage Yield. Effective as of 4/17/2023. East Idaho Credit Union reserves the right to end, alter, or otherwise adjust this promotional offer at any time and at its discretion.

How CDs Work

A Certificate of Deposit (CD) provides an interest rate premium in exchange for leaving a lump-sum deposit untouched for a predetermined period of time.

  • Open a new CD and deposit at least $500

  • The annual percentage yield (APY) is typically fixed, meaning you earn the same rate for the entire CD term

  • Once a CD matures, you’re free to withdraw the money you saved, along with interest earned

*In case of an emergency, you can remove the funds from your certificate with 180 day interest penalty

CD Benefits

Safety

Along with savings accounts and money market accounts, CDs are some of the safest places to keep your money. That’s because money held in a CD is insured for up to $250,000 per depositor. With the current state of the stock market, you can’t beat the security of a CD right now.

NCUA Insurance Estimator

Guaranteed Returns

CD accounts offer predictability in that it’s relatively easy to determine how much interest you’ll earn over time, since rates are typically fixed for the entire term. Certificate of deposit calculators allow you to plug in the amount you’re saving and your APY to gauge how much your money will grow.

Higher Rates

Compared to savings accounts or money market accounts, CDs potentially can offer higher interest rates on deposits. That’s because you agree to keep your money in the CD for a set time period. The interest rate and APY you earn depends on the bank, the CD term and the current interest rate environment.

CD Laddering

CD laddering is a savvy savings technique that allows you to keep your money liquid and accessible while taking interest rate changes into account. When you build a CD ladder, you’re essentially opening multiple CDs at different interest rates and with varying dates of maturity.

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