Citizens Equity First Credit Union Certificate of Deposit Review

Citizens Equity First Credit Union Certificate of Deposit is offered by Citizens Equity First Credit Union, a credit union founded in 1937 and based in Peoria, IL. Citizens Equity First Credit Union Certificate of Deposit is available in 2 states across the USA.

• Very high APY. This account offers an annual percentage yield of up to 0.8%, which is much higher than the national average for a CD account.
• Small minimum initial deposit. You only need $5 to open an account.
• Wide selection of CD terms. Citizens Equity First Credit Union Certificate of Deposit allows you to create a CD ladder by spreading your cash across certificates of deposit with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Are cd accounts from Citizens Equity First Credit Union federally insured?

Yes, your Citizens Equity First 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 Citizens Equity First 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.
• Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
• IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Citizens Equity First Credit Union Certificate of Deposit offers a CD that is specifically for retirement.

What CD rates does Citizens Equity First Credit Union offer on its CDs?

Citizens Equity First Credit Union Certificate of Deposit offers an APY starting at 0.1% and ranging up to 0.8%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What is the minimum deposit to open a CD account with Citizens Equity First Credit Union?

Citizens Equity First Credit Union Certificate of Deposit requires a minimum deposit of $5 to open an account.

What is the grace period for Citizens Equity First Credit Union Certificate of Deposit?

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 Citizens Equity First Credit Union Certificate of Deposit 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.

Citizens Equity First Credit Union does not charge an early withdrawal fee.

Citizens Equity First Credit Union does not seem to charge any of the fees we track.