Last Updated: 04/18/2025
Cobalt Credit Union IRA Certificate
Unaffiliated
in CD Accounts from Cobalt Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
3.05% - 5.30%(Verified 06/21/2024)
Minimum Opening Deposit
$1,000
Certificate Term
- 6 months
- 12 months
- 18 months
- 2 years
- 30 months
- 3 years
- 4 years
- 5 years
Cobalt Credit Union IRA Certificate Review
Cobalt Credit Union IRA Certificate are offered by Cobalt Credit Union, a credit union founded in 1946 and based in Papillion, NE. Cobalt Credit Union IRA Certificate are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. Cobalt Credit Union IRA Certificate only offers IRA CD accounts.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 5.30%, which is much higher than the national average for a CD account.
- $1,000.00 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. Cobalt Credit Union IRA Certificate allows you to create a CD 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 Cobalt Credit Union IRA Certificate
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Cobalt Credit Union IRA Certificate FAQ
Are CD from Cobalt Credit Union federally insured?
No, your Cobalt Credit Union CD accounts are not insured by a federal insurance agency. This means that if Cobalt 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 Cobalt Credit Union offer?
Cobalt Credit Union IRA 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.
- 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 Cobalt Credit Union IRA Certificate offers a CD that is specifically for retirement.
What rates does Cobalt Credit Union offer on its CDs?
Cobalt Credit Union IRA Certificate offers an APY starting at 3.05% and ranging up to 5.30%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.
What terms does Cobalt Credit Union IRA Certificate offer?
Cobalt Credit Union offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 5.25% - 5.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 3.05% - 5.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 5.00% - 5.05% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 4.50% - 4.60% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 3.45% - 3.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 3.25% - 3.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 3.05% - 3.15% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 18-Month APY | 5.00% - 5.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 30-month APY | 3.55% - 3.65% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Cobalt Credit Union?
Cobalt Credit Union IRA Certificate require a minimum deposit of $1,000.00 to open an account.
What is the grace period for Cobalt Credit Union IRA Certificate?
Cobalt Credit Union IRA 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 Cobalt 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.
Cobalt Credit Union charges an early withdrawal fee.
Cobalt Credit Union does charge any of the fees we track.
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Contact
Headquarters
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
Closed