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  Citizens Equity First Credit Union My Save Certificate

Citizens Equity First Credit Union My Save Certificate

in CD Accounts from Citizens Equity First Credit Union · ncua

Unaffiliated

Citizens Equity First Credit Union My Save Certificate

Unaffiliated

in CD Accounts from Citizens Equity First Credit Union · Insured by NCUA

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Highlights
Minimum Opening Deposit Starting at $5
Certificate Term 12 months
APY (Annual Percentage Yield) 0.25%

Citizens Equity First Credit Union My Save Certificate Review

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

Key Takeaways
  • Only one CD account type available. Citizens Equity First Credit Union My Save Certificate only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.25%, which is much higher than the national average for a certificate account.
  • Small minimum initial deposit. You only need $5 to open an account.
  • Limited selection of CD terms. Citizens Equity First Credit Union My Save Certificate only offers one CD terms. This limits your options when trying to set up a certificate ladder.
Pros & Cons of Citizens Equity First Credit Union My Save Certificate
Pros Cons
  • Insured by NCUA.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in 2 states.
  • Poor selection of certificate terms.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
Citizens Equity First Credit Union My Save Certificate FAQ

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 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 types of CDs does Citizens Equity First Credit Union offer?

Citizens Equity First Credit Union My Save Certificate provides the following types of CDs.
  • 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 Citizens Equity First Credit Union offer on its CDs?

The CD rates for this account have an APY of0.25% (APY stands for annual percentage yield, rates may change).

What terms does Citizens Equity First Credit Union My Save Certificate offer?

Citizens Equity First Credit Union offers CD terms of the following lengths:
Citizens Equity First Credit Union My Save Certificate Rates & Terms
Description
12-Month APY 0.25%
APY (Annual Percentage Yield) 0.25%

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

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

What is the grace period for Citizens Equity First Credit Union My Save Certificate?

Citizens Equity First Credit Union My Save 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 Citizens Equity First Credit Union My Save Certificate 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 Unioncharges an early withdrawal fee .

Citizens Equity First Credit Union My Save Certificate Fees
Description
Early Withdrawal Fee Amount $0
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Contact

  • Headquarters
  •   5401 W Dirksen Pkwy
    Peoria, IL 61607
  •   Visit Site

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 8:00am - 5:00pm
  • Saturday 8:00am - 12:00pm

Other Services by Citizens Equity First Credit Union

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View all cd accounts offered by Citizens Equity First Credit Union

Availability

  Available in 2 states
  • California
  • Illinois

Feature Breakdown

Minimum Opening Deposit Starting at $5
12-Month APY 0.25%
APY (Annual Percentage Yield) 0.25%
CD Accounts Traditional
Certificate Term 12 months

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