
Digital Federal Credit Union IRA CD
Not enough votes for recommendation
Explore a similar product
Try this top product in CD Accounts.
APY (Annual Percentage Yield) | 0.1% - 0.4% |
Minimum Opening Deposit | Starting at $500 |
Certificate Term |
|
Digital Federal Credit Union IRA CD Review
Digital Federal Credit Union IRA CD are offered by DCU savings account, 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
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.4%, which is much higher than the national average for a certificate account.
- $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
Pros | Cons |
---|---|
|
|
Digital Federal Credit Union IRA CD FAQ
Are CDs from Digital Federal Credit Union federally insured?
Yes, your Digital Federal 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 Digital Federal Credit Union offer?
Digital Federal Credit Union IRA CD 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 CD for another term.
- Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.
- 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 Digital Federal Credit Union IRA CD offers a CD that is specifically for retirement.
What CD rates does Digital Federal Credit Union offer on its CDs?
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 CD after taking into account compounding.
What terms does Digital Federal Credit Union IRA CD offer?
Digital Federal Credit Union offers CD terms of the following lengths:Description | |
---|---|
APY (Annual Percentage Yield) | 0.1% - 0.4% |
3-Month APY | 0.1% |
6-Month APY | 0.2% |
11-Month APY | 0.2% |
12-Month APY | 0.3% |
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 CD account with Digital Federal Credit Union?
Digital Federal Credit Union IRA CD requires 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 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 5-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 Digital Federal Credit Union IRA 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.
Digital Federal Credit Union does not charge an early withdrawal fee.
Contact
- Headquarters
-
220 Donald Lynch Boulevard
PO Box 9130
Marlborough, MA 01752 USA - (800) 328-8797
- Visit Site
- Email Support
Other Services by Digital Federal Credit Union
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
Minimum Opening Deposit | Starting at $500 |
Be the first to rate
Would you recommend Digital Federal Credit Union IRA CD to your friends?
Digital Federal Credit Union CD Accounts
- Axiom Bank CD
- Barclays CD
- City Bank Certificate of Deposit
- Digital Federal Credit Union Jump-Up CD
- First Bank Certificates of Deposit
- First Security Bank of Bozeman Certificates of Deposit
- MECU Regular CD
- MEMBERS1st Community CU Certificates of Deposit
- National Exchange Bank and Trust Dollars for Scholars
- Navy Federal Credit Union Standard Certificate
- Vio Bank High Yield Online Certificate of Deposit
- VyStar Credit Union Certificate of Deposit