Delta Community Credit Union CD Review

Delta Community Credit Union CD is offered by Delta Community Credit Union, a credit union founded in 1940 and based in Atlanta, GA. Delta Community Credit Union CD is available in 1 state across the USA.

• Small selection of CD account types. Delta Community Credit Union CD only offers traditional and IRA CDs.
• Very high APY. This account offers an annual percentage yield of up to 1.25%, which is much higher than the national average for a CD account.
• $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
• Wide selection of CD terms. Delta Community Credit Union CD 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 Delta Community Credit Union federally insured?

Yes, your Delta Community 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 Delta Community 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.
• 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 Delta Community Credit Union CD offers a CD that is specifically for retirement.

What CD rates does Delta Community Credit Union offer on its CDs?

Delta Community Credit Union CD offers an APY starting at 0.35% and ranging up to 1.25%. 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 Delta Community Credit Union?

Delta Community Credit Union CD requires a minimum deposit of $1,000 to open an account.

What is the grace period for Delta Community Credit Union CD?

There is a 10-day grace period for Delta Community Credit Union CD. 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 10-day 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 Delta Community Credit Union CD 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.

Delta Community Credit Union does not charge an early withdrawal fee.