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.

• Only one CD account type available. Affinity Plus Federal Credit Union Certificate 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 CD account.
• Small minimum initial deposit. You only need $100 to open an account.
• Limited selection of CD terms. Affinity Plus Federal Credit Union Certificate Builder only offers one CD terms. This limits your options when trying to set up a CD ladder.

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 person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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?

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

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

What is the grace period for Affinity Plus Federal Credit Union Certificate 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 Certificate 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.