CommonWealth Credit Union Certificate Review

CommonWealth Credit Union Certificate is offered by CommonWealth Credit Union, a credit union founded in 1951 and based in Frankfort, KY. CommonWealth Credit Union Certificate is offered in 1 state across the USA.

Are cd accounts from CommonWealth Credit Union federally insured?

Yes, your CommonWealth 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 CommonWealth Credit Union offer?

• IRA
• Traditional

What APY does CommonWealth Credit Union offer on its CDs?

CommonWealth Credit Union Certificate offers an APY starting at 1.25% and ranging up to 3.00% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What is the minimum deposit to open a CD account with CommonWealth Credit Union?

CommonWealth Credit Union Certificate requires a minimum initial deposit of $1,000 to open an account.

What types of early withdrawal penalties does CommonWealth Credit Union Certificate charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

CommonWealth Credit Union does not charge an early withdrawal fee.