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  Affinity Federal Credit Union Certificate Account

Affinity Federal Credit Union Certificate Account

in CD Accounts from Affinity Federal Credit Union · ncua

Unaffiliated

Affinity Federal Credit Union Certificate Account

Unaffiliated

in CD Accounts from Affinity Federal Credit Union · Insured by NCUA

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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 18 months
  • 1 month
  • 9 months
  • 15 months
  • 30 months
APY (Annual Percentage Yield) 0.10% - 0.55%

Affinity Federal Credit Union Certificate Account Review

Affinity Federal Credit Union Certificate Account is offered by Affinity Federal Credit Union, a credit union founded in 1935 and based in Basking Ridge, NJ. Affinity Federal Credit Union Certificate Account is available in 3 states across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.55%, which is much higher than the national average for a certificate account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. Affinity Federal Credit Union CD allows you to create a certificate ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Affinity Federal Credit Union Certificate Account
Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in 3 states.
  • There isn't a no-penalty certificate option.
Affinity Federal Credit Union Certificate Account FAQ

Are cd accounts from Affinity Federal Credit Union federally insured?

Yes, your Affinity Federal Credit Union cd accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What types of CDs does Affinity Federal Credit Union offer?

Affinity Federal Credit Union CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Affinity Federal Credit Union CD offers a CD that is specifically for retirement.

What CD rates does Affinity Federal Credit Union offer on its CDs?

Affinity Federal Credit Union CD offers an APY starting at 0.10% and ranging up to 0.55%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Affinity Federal Credit Union CD offer?

Affinity Federal Credit Union offers CD terms of the following lengths:
Affinity Federal Credit Union Certificate Account Rates & Terms
Description
2-Year APY 0.40%
3-Month APY 0.15%
3-Year APY 0.45%
4-Year APY 0.50%
5-Year APY 0.55%
6-Month APY 0.20%
12-Month APY 0.30%
APY (Annual Percentage Yield) 0.10% - 0.55%

What is the minimum deposit to open a CD account with Affinity Federal Credit Union?

Affinity Federal Credit Union CD requires a minimum deposit of $500 to open an account.

What is the grace period for Affinity Federal Credit Union CD?

There is a 10-day grace period for Affinity Federal Credit Union CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Affinity Federal Credit Union CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Affinity Federal Credit Union does not charge an early withdrawal fee.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday 9:00am - 1:00pm

Other Services by Affinity Federal Credit Union

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View all cd accounts offered by Affinity Federal Credit Union

Availability

  Available in 3 states
  • Connecticut
  • New Jersey
  • New York

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.40%
3-Month APY 0.15%
3-Year APY 0.45%
4-Year APY 0.50%
5-Year APY 0.55%
6-Month APY 0.20%
12-Month APY 0.30%
APY (Annual Percentage Yield) 0.10% - 0.55%
CD Accounts
  • Traditional
  • Bump Up
  • IRA
Grace Period for Account Changes 10 days
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 18 months
  • 1 month
  • 9 months
  • 15 months
  • 30 months

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