Our CDs have a minimum opening balance of $1,000 and terms ranging from 3 to 12 months with a penalty for early withdrawal.

The minimum deposit is $2,500; the maximum is $100,000. To purchase a CD/share certificate from Connection, p lease Contact Us today!

Since your money is insured, the only risk you are assuming is the potential of foregoing a higher rate of return if interest rates increase. When money is placed into a fixed rate CD/share certificate, it's locked in a particular rate of return until maturity. The longer it takes for the certificate to reach maturity, the higher the interest rate paid, because you are assuming risk by being locked into a certain rate over a longer time. For example, suppose you purchase a three-year certifi  More...

Yes, our CDs/share certificates are insured. The insurance coverage limit for all account types, such as regular share, share draft, money market, share certificates, and certificates of deposit.is $250,000, while insurance coverage for retirement share accounts (Traditional or Roth IRAs) is $250,000, separate from other types of accounts owned..

When you purchase a CD/share certificate, you invest a fixed sum of money for a fixed period of time (or term) – 30 days, six months, one year, two years, or more – and, in exchange, we pay you interest, typically at regular intervals or at the end of the certificate’s term. When you cash in or redeem your certificate, you receive the money you originally invested plus any accrued interest. But if you redeem your certificate before it matures, you may have to pay an early withdrawal penalty or f  More...

The penalty for early withdrawal is 90 days of interest. Note: describe any special situations that would allow a member to cash in their CDs/share certificates early without incurring a penalty, such as death or other special circumstances.

A certificate of deposit (or share certificate) is a short- or medium-term, interest-bearing, NCUA-insured debt instrument offered by credit unions. A CD/share certificate typically offers a higher rate of interest than a regular savings or checking account. CDs/share certificates can't lose their value and are insured up to $250,000. Investors searching for low-risk investments that can easily be converted into cash should consider a CD/share certificate. NCUA: National Credit Union Adminis  More...

Connection offers several different types of certificates. Please select the link below for more information.

Rate and APY are two different ways to measure the return of your investment. The rate is what you receive on your investment on a daily basis, regardless of the investment term (length of time) or how your interest earnings are reinvested. The APY takes into account how frequently your interest is compounded. The APY provides you with a better basis when comparing your real return on different assets.

One of the most effective ways to maximize your investment in CDs/share certificates is called laddering. Laddering is a way to stagger the maturities of your CDs/share certificates. For example, you could buy a one, two and a three-year CD/share certificate. As each matures, you would reinvest, buying longer term certificates, usually five-year CDs/share certificates. This strategy is aimed at having some portion of your certificate portfolio maturing each year. Not only is it great from a liqu  More...