Last Updated: 04/18/2025
Champion CU Business Edge Share Certificate
Unaffiliated
in CD Accounts from Champion Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.50%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $1,000
Certificate Term
3 months
Champion CU Business Edge Share Certificate Review
Champion CU Business Edge Share Certificate are offered by Champion Credit Union, a credit union founded in 1932 and based in Canton, NC. Champion Business Certificate are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. Champion Business Certificate only offers traditional CD accounts.
- Low APY. The maximum annual percentage yield for this account is only 0.50%.
- $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Limited selection of CD terms. Champion Business Certificate only offers one CD term. This limits your options when trying to set up a CD ladder.
Pros & Cons of Champion CU Business Edge Share Certificate
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Champion CU Business Edge Share Certificate FAQ
Are CD from champion credit union federally insured?
No, your Champion Credit Union CD accounts are not insured by a federal insurance agency. This means that if Champion Credit Union were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.
What types of CDs does Champion Credit Union offer?
Champion Business Certificate provides the following types of CDs.- Traditional CDs. These CDs 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 CDs for another term.
What rates does Champion Credit Union offer on its CDs?
The CD rates for this account have an APY of0.50% (APY stands for annual percentage yield, rates may change).
What terms does Champion Business Certificate offer?
Champion Credit Union offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term | 3 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 0.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Champion Credit Union?
Champion Business Certificate require a minimum deposit of $1,000 to open an account.
What is the grace period for Champion Business Certificate?
Champion Business Certificate 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 Champion Credit Union 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 term ends.
Champion Credit Union charges an early withdrawal fee.
Champion Credit Union does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 5:00PM
Tuesday
8:00AM - 5:00PM
Wednesday
8:00AM - 5:00PM
Thursday
8:00AM - 5:00PM
Friday
8:00AM - 6:00PM
Saturday
Closed