Digital Federal Credit Union Jump-Up CD

Digital Federal Credit Union Jump-Up CD Review

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

• Only one CD account type available. Digital Federal Credit Union Jump-Up 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.
• $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
• Limited selection of CD terms. Digital Federal Credit Union Jump-Up CD only offers two CD terms. This limits your options when trying to set up a CD ladder.

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?

Digital Federal Credit Union Jump-Up CD offers an APY starting at 0.3% 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?

Digital Federal Credit Union Jump-Up CD requires a minimum deposit of $500 to open an account.

What is the grace period for Digital Federal Credit Union Jump-Up CD?

There is a 5-day grace period for Digital Federal Credit Union Jump-Up 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 Jump-Up 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.