Best Credit Union CD Rates

Balance	APY
$1,000 - $75,000	3.75%
$75,000+	3.80%

Balance	APY
$500+	3.50%

Balance	APY
$500+	3.50%

Balance	APY
$500+	3.50%

Balance	APY
$500+	3.50%

Balance	APY
$500+	3.50%

Balance	APY
$500+	3.50%

Balance	APY
$1,000+	4.577%

Balance	APY
$500+	4.50%

Balance	APY
$1,000+	4.50%

1.   Choose a term length

CDs have specific term lengths, ranging from a month to several years. Consider your goals and financial situation to determine the ideal term for your CD, ensuring it aligns with when you’ll need the funds. If you find yourself in need of your money before the CD term is completed, you might need to pay a penalty.

2.   Shop for the best rates

Look for credit unions offering higher CD rates, regardless of their physical vicinity to you. Since credit unions generally have lower overhead costs than traditional banks, even a short term CD can provide value. WalletHub can help you find the best rates across various CD terms.

3.   Make sure your money is secure

It’s important to make sure any credit union you put your money into is insured. That way, your money stays safe even if your credit union fails. While the FDIC protects up to $250,000 in individual deposit accounts for banks, a similar agency called the NCUA does the same for credit unions. Deposits at federally chartered credit unions are automatically insured by the NCUA, but state-chartered credit unions can opt for NCUA insurance too.

4.   Check for early withdrawal penalties

Withdrawal penalties are imposed by banks and credit unions if you take out your money before the CD matures. Carefully review the account agreement for penalty details, which can vary widely depending on the CD term.

5.   Choose the right type of CD

In addition to traditional certificates of deposit, consider options like no-penalty CDs for flexibility, add-on CDs for future contributions, IRA CDs for tax advantages, and bump-up or step-up CDs for higher yields when interest rates rise. Select the CD type that suits your needs best.

For your convenience, we’ll compare some of the best options to consider below.

Best Credit Union CD Rates Comparison

Best	CD	APY	Deposit Requirements
3-month CD	Empeople Credit Union CD	4.10%	Minimum of $5,000
6-month CD	Pelican Credit Union CD	4.18%	Minimum of $500
9-month CD	Southland Credit Union CD	9.00%	Maximum $1,000
1-year CD	Lincoln County Credit Union CD	4.50%	Minimum $1,000
3-year CD	WEPCO Federal Credit Union CD	4.06%	Minimum of $500
5-year CD	Corazo Credit Union CD	4.50%	Minimum of $500
10-year CD	Credit Human CD	3.90%	Minimum of $500
No-Penalty CD	USALLIANCE Financial CD	3.90%	Minimum of $500
Jumbo CD	Missouri Electric Cooperatives Employees' Credit Union CD	4.42%	Minimum of $100,000
Business CD	EECU CD	4.11%	Minimum of $1,000

Methodology for Finding the Best Credit Union CD Rates

To identify the best credit union CD rates, WalletHub analyzed over 600 offers from local and national credit unions. We prioritized APY, while also considering minimum required funds and early withdrawal penalties. Our evaluation aimed to find options with attractive yields, manageable deposits, and minimal penalties.

Questions & Answers

Comparing Savings Accounts can be tough. But you've got the knowledgeable WalletHub community on your side. Other consumers have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution's responsibility to ensure all posts and questions are answered.

Upvotes

Is Mountain America Credit Union any good?

Alexandra Barring, Banking Moderator

Mountain America Credit Union could be a good option if you prefer in-person banking and live in any of the six states they serve. They offer a wide range of products, from checking and savings accounts to loans and investment services.

However, there are some limitations to consider. Membership eligibility is limited to certain counties in Utah or affiliation with partner companies. Additionally, if you prioritize quality customer service or savings accounts with higher interest rates, you might find better options elsewhere.

Ultimately, the best bank depends on your individual needs and priorities. It's helpful to compare options and consider factors like fees, interest rates, branch access, and online banking features before making a decision.

Upvotes

What are the best credit unions' CD rates in DeLand, FL?

Ramses Delgado, Banking Moderator

The best credit union CD rate in DeLand, FL may depend on the CD term you choose. With term lengths ranging from 3 months to 5 years, here's a breakdown of the best offers by available terms, allowing you to pick the CD that aligns best with your goals and timeline:

3-Month: UBI Federal Credit Union CD has 1.00% APY. Minimum opening deposit of $1,000.
6-Month: Northern Hills Federal Credit Union CD has 3.75% APY. Minimum opening deposit of $500.
1-Year: Northern Hills Federal Credit Union CD offer a 3.75% APY. Minimum opening deposit of $500.
2-Year: Elements Financial CD has a 3.87% APY. Minimum opening deposit of $1,000.
3-Year: Wyrope Williamsport Federal Credit Union CD with a 3.453% APY. Minimum opening deposit of $500.
5-Year: Copper Basin Federal Credit Union CD offer 1.764% APY. Minimum opening deposit of $1,000.

It's important to note that these rates may change without prior notice. For the most up-to-date information, please refer to the credit unions websites. You can check the best CD rates available for you, compare and review the terms and conditions before opening any account.

Upvotes

What are the best credit unions' CD rates in Michigan?

Ramses Delgado, Banking Moderator

The best credit union CD rate in Michigan may depend on the CD term you choose. With term lengths ranging from 3 months to 5 years, here's a breakdown of the best offers by available terms, allowing you to pick the CD that aligns best with your goals and timeline:

3-Month: Interior Federal Credit Union CD has 3.25% APY. Minimum opening deposit of $500.
6-Month: Government Printing Office Federal Credit Union CD has 2.524% APY. Minimum opening deposit of $500.

Important Disclosures

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Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.

WalletHub is not a financial advisor. Our goal is to provide you with top-notch content, data, and tools. You are responsible for deciding what financial products and providers are best for your needs.

Irrespective of whether an institution or professional is a paid advertiser, the presence of information on WalletHub does not constitute a referral or endorsement of the institution or professional by us or vice versa.

We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.

* The savings amount is an estimate of the interest you can expect to earn per year based on the deposit amount shown on the filters. Savings estimates are based on WalletHub's calculations and are not influenced by any financial institution.

Best Credit Union CD Rates

Alliant Credit Union • 1 Year CD

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Texans Credit Union • 3 Month CD

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Texans Credit Union • 6 Month CD

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Texans Credit Union • 1 Year CD

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Texans Credit Union • 2 Year CD

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Texans Credit Union • 3 Year CD

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Texans Credit Union • 5 Year CD

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Internal Revenue Federal Credit Union • 6 Month CD

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Signature Federal Credit Union • 9 Month CD

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Lincoln County Credit Union • 1 Year CD

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Tips for Finding the Best Credit Union CD Rates

Best Credit Union CD Rates Comparison

Methodology for Finding the Best Credit Union CD Rates

Questions & Answers

Is Mountain America Credit Union any good?

What are the best credit unions' CD rates in DeLand, FL?

What are the best credit unions' CD rates in Michigan?

Important Disclosures