CD Accounts
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Last Updated: 04/18/2025
Digital Federal Credit Union IRA CD
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.1% - 0.4%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $500
Certificate Term
- 3 months
- 6 months
- 9 months
- 11 months
- 12 months
- 13 months
- 15 months
- 16 months
- 18 months
- 19 months
- 2 years
- 25 months
- 27 months
- 28 months
- 30 months
- 31 months
- 3 years
- 37 months
- 39 months
- 42 months
- 43 months
- 4 years
- 49 months
- 55 months
- 58 months
- 59 months
- 5 years
Digital Federal Credit Union IRA CD Review
Digital Federal Credit Union IRA CD are offered by Digital Federal Credit Union, a credit union founded in 1979 and based in Marlborough, MA. Digital Federal Credit Union IRA CD are available in 50 states and Washington, DC.
Key Takeaways
- Low APY. The maximum annual percentage yield for this account is only 0.4%.
- $500 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
- Wide selection of certificate terms. Digital Federal Credit Union IRA CD allows you to create a certificate 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 Digital Federal Credit Union IRA CD
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Digital Federal Credit Union IRA CD FAQ
Are share certificates from DCU savings account federally insured?
Yes, your share certificates 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 is the difference between CDs and Share Certificates?
Certificates of Deposit (CDs) and Share Certificates are both deposit accounts where your money can grow at a fixed rate for a predetermined period of time. Both are low-risk and federally insured products designed to give you a better rate on your deposits than typical savings accounts. The main difference between them is that CDs are offered by for-profit banks, whereas Share Certificates are offered by member-owned, not-for-profit credit unions.
What types of share certificates does Digital Federal Credit Union offer?
Digital Federal Credit Union IRA CD provides the following types of share certificates.- Traditional share certificates. These share certificates 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 share certificate for another term.
- Bump-up share certificates. Bump-up share certificates allow you to increase the interest rate you earn on your savings if the going interest rates rise. These share certificates are useful in a changing interest rate environment.
- IRA share certificates. An IRA share certificate is a type of IRA that consists entirely of share certificates. In general, you can invest in share certificates in any IRA, but Digital Federal Credit Union IRA CD offers a share certificate that is specifically for retirement.
What rates does Digital Federal Credit Union offer on its share certificates?
Digital Federal Credit Union IRA CD offers an APY starting at 0.1% and ranging up to 0.4%. APY stands for annual percentage yield and shows the interest rate paid by the share certificate after taking into account compounding.
What terms does Digital Federal Credit Union IRA CD offer?
Digital Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 0.1% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11-Month APY | 0.2% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.1% - 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.2% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with Digital Federal Credit Union?
Digital Federal Credit Union IRA CD require a minimum deposit of $500 to open an account.
What is the grace period for Digital Federal Credit Union IRA CD?
There is a 5-day grace period for Digital Federal Credit Union IRA CD. A grace period is a period of time during which you can withdraw the money in your share certificate without paying an early withdrawal penalty. A grace period starts the day after a share certificate’s maturity date, or the final day a share certificate is opened. Standard share certificates renew automatically at the same term if you don't withdraw your money after the 5-day grace period. Note that the new share certificate rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Digital Federal Credit Union charge?
Financial institutions don't typically charge many fees on share certificates. However, most charge a fee if you choose to withdraw your money before the term ends.
Digital Federal Credit Union charges an early withdrawal fee.
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Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
9:30AM - 5:00PM
Tuesday
9:30AM - 5:00PM
Wednesday
9:30AM - 5:00PM
Thursday
9:30AM - 5:00PM
Friday
9:30AM - 5:00PM
Saturday
Closed
Other Services by Digital Federal Credit Union
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Other CD Accounts from Digital Federal Credit Union
Rating not yet determined
APY (Annual Percentage Yield)
0.1% - 0.4%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $25K
Certificate Term
- 1 month
- 3 months
- 6 months
- 9 months
- 11 months
- 12 months
- 13 months
- 15 months
- 16 months
- 18 months
- 2 years
- 3 years
- 4 years
- 5 years
Rating not yet determined
APY (Annual Percentage Yield)
0.3% - 0.4%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $500
Certificate Term
- 15 months
- 27 months
Rating not yet determined
APY (Annual Percentage Yield)
0.1% - 0.4%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $500
Certificate Term
- 3 months
- 6 months
- 9 months
- 11 months
- 12 months
- 13 months
- 15 months
- 16 months
- 18 months
- 19 months
- 2 years
- 25 months
- 27 months
- 28 months
- 30 months
- 31 months
- 3 years
- 37 months
- 39 months
- 42 months
- 43 months
- 4 years
- 49 months
- 55 months
- 58 months
- 59 months
- 5 years
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