Last Updated: 04/18/2025
Baton Rouge Fire Department FCU Share Certificates
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
N/A
Minimum Opening Deposit
$2,500
Certificate Term
- 6 months
- 7 months
- 9 months
- 10 months
- 11 months
- 12 months
- 13 months
- 15 months
- 16 months
- 17 months
- 18 months
- 19 months
- 20 months
- 23 months
- 2 years
- 25 months
- 27 months
- 28 months
- 30 months
- 31 months
- 3 years
- 37 months
- 39 months
- 42 months
- 43 months
- 4 years
- 49 months
- 55 months
- 58 months
- 59 months
- 5 years
Baton Rouge Fire Department FCU Share Certificates Review
Baton Rouge Fire Department FCU Share Certificates are offered by Baton Rouge Fire Department Federal Credit Union, a credit union founded in 1936 and based in Baton Rouge, LA. Baton Rouge Fire Department FCU Share Certificates are available in 50 states and Washington, DC.
Key Takeaways
- Only one share certificate type available. Baton Rouge Fire Department FCU Share Certificates only offers traditional share certificate accounts.
- High minimum deposit. You must deposit a minimum of $2,500.00, which is high compared to most certificate accounts.
- Wide selection of certificate terms. Baton Rouge Fire Department FCU Share Certificates 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 Baton Rouge Fire Department FCU Share Certificates
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Baton Rouge Fire Department FCU Share Certificates FAQ
Are share certificates from Baton Rouge Fire Department 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 Baton Rouge Fire Department Federal Credit Union offer?
Baton Rouge Fire Department FCU Share Certificates 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.
What rates does Baton Rouge Fire Department Federal Credit Union offer on its share certificates?
What terms does Baton Rouge Fire Department FCU Share Certificates offer?
Baton Rouge Fire Department Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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What is the minimum deposit to open a share certificate account with Baton Rouge Fire Department Federal Credit Union?
Baton Rouge Fire Department FCU Share Certificates require a minimum deposit of $2,500.00 to open an account.
What is the grace period for Baton Rouge Fire Department FCU Share Certificates?
Baton Rouge Fire Department FCU Share Certificates 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 Baton Rouge Fire Department 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.
Baton Rouge Fire Department Federal Credit Union charges an early withdrawal fee.
Baton Rouge Fire Department Federal Credit Union does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 4:30PM
Tuesday
8:00AM - 4:30PM
Wednesday
8:00AM - 4:30PM
Thursday
8:00AM - 4:30PM
Friday
8:00AM - 4:30PM
Saturday
Closed