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  Affinity Plus Federal Credit Union Certificate Builder

Affinity Plus Federal Credit Union Certificate Builder

in CD Accounts from Affinity Federal Credit Union · ncua

Unaffiliated

Affinity Plus Federal Credit Union Certificate Builder

Unaffiliated

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

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Highlights
Minimum Opening Deposit Starting at $100
Certificate Term 12 months
APY (Annual Percentage Yield) 0.55%

Affinity Plus Federal Credit Union Certificate Builder Review

Affinity Plus Federal Credit Union Certificate Builder is offered by Affinity Federal Credit Union, a credit union founded in 1935 and based in Basking Ridge, NJ. Affinity Plus Federal Credit Union Certificate Builder is available in 2 states across the USA.

Key Takeaways
  • Only one CD account type available. Affinity Plus Federal Credit Union CD builder only offers traditional CD accounts.
  • 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.
  • Small minimum initial deposit. You only need $100 to open an account.
  • Limited selection of CD terms. Affinity Plus Federal Credit Union CD builder only offers one CD terms. This limits your options when trying to set up a certificate ladder.
Pros & Cons of Affinity Plus Federal Credit Union Certificate Builder
Pros Cons
  • Insured by NCUA.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in 2 states.
  • Poor selection of certificate terms.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
Affinity Plus Federal Credit Union Certificate Builder 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 Plus Federal Credit Union CD builder 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.

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

The CD rates for this account have an APY of0.55% (APY stands for annual percentage yield, rates may change).

What terms does Affinity Plus Federal Credit Union CD builder offer?

Affinity Federal Credit Union offers CD terms of the following lengths:
Affinity Plus Federal Credit Union Certificate Builder Rates & Terms
Description
12-Month APY 0.55%
APY (Annual Percentage Yield) 0.55%

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

Affinity Plus Federal Credit Union CD builder requires a minimum deposit of $100 to open an account.

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

Affinity Plus Federal Credit Union CD builder does not specify what their grace period is. 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 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 Plus Federal Credit Union CD builder 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.

Affinity Federal Credit Union does not seem to charge any of the fees we track.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 2 states
  • Minnesota
  • Wisconsin

Feature Breakdown

Minimum Opening Deposit Starting at $100
12-Month APY 0.55%
APY (Annual Percentage Yield) 0.55%
CD Accounts Traditional
Certificate Term 12 months

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