Certificates of Deposit (CDs) carry some of SMCU’s highest interest rates and are available in a variety of terms from three to 60 months.
To earn a rate increase of 0.25% each month on top of SMCU’s standard rates, you simply need an SMCU checking account with monthly direct deposit.†
See rates and complete details below and open a CD today at your nearest SMCU branch.
Regular Certificates:
$1,000 minimum opening balance.
Regular Certificate Term
|
Standard Rate |
Standard APY* |
Rate with Active Checking† |
APY* with Active Checking† |
| 60 Months |
0.75% |
0.75% |
1.00% |
1.00% |
| 48 Months |
0.65% |
0.65% |
0.90% |
0.90% |
| 36 Months |
0.55% |
0.55% |
0.80% |
0.80% |
| 24 Months |
0.45% |
0.45% |
0.70% |
0.70% |
| 18 Months |
0.35% |
0.35% |
0.60% |
0.60% |
| 12 Months |
0.30% |
0.30% |
0.55% |
0.55% |
| 6 Months |
0.10% |
0.10% |
0.35% |
0.35% |
| 3 Months |
0.05% |
0.05% |
0.30% |
0.30% |
IRA Certificates:
$1,000 minimum opening balance for Traditional and Roth IRAs and $500 For Educational Savings Accounts (ESA).
Regular Certificate Term
|
Standard Rate |
Standard APY* |
Rate with Active Checking† |
APY* with Active Checking† |
| 60 Months |
0.75% |
0.75% |
1.00% |
1.00% |
| 48 Months |
0.65% |
0.65% |
0.90% |
0.90% |
| 36 Months |
0.55% |
0.55% |
0.80% |
0.80% |
| 24 Months |
0.45% |
0.45% |
0.70% |
0.70% |
| 18 Months |
0.35% |
0.35% |
0.60% |
0.60% |
| 12 Months |
0.30% |
0.30% |
0.55% |
0.55% |
Special Certificates:
| Product |
Term |
Minimum Balance to Open |
Standard Rate |
Standard APY* |
Rate With Active Checking† |
APY* With Active Checking† |
| Youth Certificate |
12 months |
$250.00 |
0.30% |
0.30% |
0.55% |
0.55% |
| Add-On IRA Certificate1 |
24 months |
$2000.00 |
0.45% |
0.45% |
0.70% |
0.70% |
| Registry Certificate Account2 |
15 Months |
$100.00 |
0.20% |
0.20% |
0.45% |
0.45% |
* APY = Annual Percentage Yield. Certificate Yields assume dividends remain in account until maturity; penalty imposed for early withdrawal. Fees may reduce earnings.
1. Additional deposits of $500.00 or more allowed during initial term only.
2. Additional deposits of $15.00 or more allowed.
† Offer details current as of 10/17/19 for an eligible certificate of deposit (CD) account that has an open or auto-renewal (rollover) date on or after 10/17/2019. The advertised CD dividend rate increase can be earned for members who have an “Active Checking” account. Active Checking account is defined as a checking account that has at least one (1) direct deposit or ACH deposit (excluding telephone, teller or dividend posting transactions) during the monthly Statement Cycle (statement cycle period is 12:00 am on the first day of each month and ends at 11:59 pm on the last day of each month). For a Statement Cycle during which the Active Checking account deposit requirement is not met, the CD will earn the base rate that was set at the account opening or rollover date. The CD dividend rate increase is earned on a month-by-month basis and disclosed as the Annual Percentage Yield Earned (APYE). The APYE, on a monthly basis, calculates both the CD base rate and the CD dividend rate increase as earned. Both the CD and the checking account must be held by the primary account owner to be eligible for the CD dividend rate increase. The checking account must be open and in Good Standing, as defined in the SMCU Account Agreement, to earn the CD dividend rate increase for each month. This offer cannot be combined with any other CD rate increase offer and not all CDs may be eligible. Offer is subject to change or removal at any time without notice. Penalties may be imposed for early withdrawal and fees may reduce earnings. Please ask an SMCU representative for complete offer details, conditions, and restrictions.