Last Updated: 04/18/2025
Affinity Plus FCU Wahoo Certificate Of Deposit
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.6%(Verified 06/21/2024)
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Minimum Opening Deposit
Starting at $0
Certificate Term
12 months
Affinity Plus FCU Wahoo Certificate Of Deposit Review
Affinity Plus FCU Wahoo Certificate Of Deposit are offered by Affinity Federal Credit Union, a credit union founded in 1935 and based in Basking Ridge, NJ. Affinity Plus Federal Credit Union Wahoo CD are available in 2 states.
Key Takeaways
- Low APY. The maximum annual percentage yield for this account is only 0.6%.
- No minimum initial deposit. There is no minimum balance required to open an account.
- Limited selection of share certificate terms. Affinity Plus Federal Credit Union Wahoo CD only offers one share certificate term. This limits your options when trying to set up a certificate ladder.
Pros & Cons of Affinity Plus FCU Wahoo Certificate Of Deposit
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Affinity Plus FCU Wahoo Certificate Of Deposit FAQ
Are share certificates from Affinity Federal Credit Union federally insured?
Yes, your share certificates 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 is the difference between CDs and Share Certificates?
Certificates of Deposit (CDs) and Share Certificates are both deposit accounts where your money can grow at a fixed rate for a predetermined period of time. Both are low-risk and federally insured products designed to give you a better rate on your deposits than typical savings accounts. The main difference between them is that CDs are offered by for-profit banks, whereas Share Certificates are offered by member-owned, not-for-profit credit unions.
What types of share certificates does Affinity Federal Credit Union offer?
Affinity Plus Federal Credit Union Wahoo CD provides the following types of share certificates.- Traditional share certificates. These share certificates pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the share certificate for another term.
- liquid share certificates. Liquid share certificates, often called risk-free or breakable share certificates, are a type of no-penalty share certificate that allows you to take out your money before the share certificate matures without paying a penalty.
- IRA share certificates. An IRA share certificate is a type of IRA that consists entirely of share certificates. In general, you can invest in share certificates in any IRA, but Affinity Plus Federal Credit Union Wahoo CD offers a share certificate that is specifically for retirement.
What rates does Affinity Federal Credit Union offer on its share certificates?
The share certificate rates for this account have an APY of0.6% (APY stands for annual percentage yield, rates may change).
What terms does Affinity Plus Federal Credit Union Wahoo CD offer?
Affinity Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term | 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.6% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.6% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with Affinity Federal Credit Union?
Affinity Plus Federal Credit Union Wahoo CD does not require a minimum deposit.
What is the grace period for Affinity Plus Federal Credit Union Wahoo CD?
Affinity Plus Federal Credit Union Wahoo CD 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 share certificate without paying an early withdrawal penalty. A grace period starts the day after a share certificate’s maturity date, or the final day a share certificate is opened. Standard share certificates renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new share certificate rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Affinity Federal Credit Union charge?
Financial institutions don't typically charge many fees on share certificates. However, most charge a fee if you choose to withdraw your money before the term ends.
Affinity Federal Credit Union charges an early withdrawal fee.
Affinity Federal Credit Union does charge any of the fees we track.
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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