Certificates of Deposit (CD)

A member invests money into a special savings account and receives a Certificate of Deposit (CD) entitling the bearer to receive a rate of interest normally higher than regular savings interest. Our CD bears a maturity date, a specified fixed interest rate and can be issued with $2500 minimum deposit. Our CDs are insured by the National Credit Union Administration (NCUA) up to $250,000 per member(total investment). RFCU offers term certificates ranging from 6-60 month maturities.

Remember when you invest in a CD it is invested for a specific length of time. If you withdraw from a CD earlier than it’s maturity date you will be penalized.

TypeTerms% APR Annual Percentage Rate% APY Annual Percentage Yield
6 Month$2,500 Minimum
-30 day penalty for early withdrawal
.30%.30%
9 Month$2,500 Minimum
-30 day penalty for early withdrawal
.45%.45%
12 Month$2,500 Minimum
-60 day penalty for early withdrawal
.55%.55%
24 Month$5,000 Minimum
-60 day penalty for early withdrawal
.70%.70%
36 Month$10,000 Minimum
-60 day penalty for early withdrawal
.95%.95%
48 Month$10,000 Minimum
-60 day penalty for early withdrawal
1.10%1.11%
60 Month$10,000 Minimum
-60 day penalty for early withdrawal
1.25%1.26%
**Dividends accrued daily-paid monthly
**Rate subject to change monthly without notice.
**CD’s redeemed within 30 days after purchase or renewal forfeit dividends back to purchase date