Digital Federal Credit Union Jumbo CD

Digital Federal Credit Union Jumbo CD Review

Digital Federal Credit Union Jumbo CD is offered by Digital Federal Credit Union, founded in 1979 and based in Marlborough, MA. Digital Federal Credit Union Jumbo CD is available in 51 states across the USA.

• Only one CD account type available. DCU CD only offers CD accounts.
• Very high APY. This account offers an annual percentage yield of up to 0.4%, which is much higher than the national average for a CD account.
• High minimum deposit. You must deposit a minimum of $25,000, which is high compared to most CD accounts.
• Wide selection of CD terms. DCU CD 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.

Are cd accounts from Digital Federal Credit Union federally insured?

No, your Digital Federal Credit Union cd accounts are not insured by a federal insurance agency. This means that if Digital Federal 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 Digital Federal 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.

What CD rates does Digital Federal Credit Union offer on its CDs?

DCU 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 is the minimum deposit to open a CD account with Digital Federal Credit Union?

DCU CD requires a minimum deposit of $25,000 to open an account.

What is the grace period for DCU CD?

There is a 5-day grace period for DCU 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 DCU 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.