Digital Federal Credit Union Jump-Up CD Review

Digital Federal Credit Union Jump-Up CD is offered by Digital Federal Credit Union, a credit union founded in 1979 and based in Marlborough, MA. Digital Federal Credit Union Jump-Up CD is available in 50 states (and Washington, DC).

Are cd accounts from Digital Federal Credit Union federally insured?

Yes, your Digital Federal 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 Digital Federal Credit Union offer?

• Bump Up
• IRA
• Jumbo
• Traditional

What APY does Digital Federal Credit Union offer on its CDs?

Digital Federal Credit Union Jump-Up CD offers an APY starting at 1.09% and ranging up to 1.34% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

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 initial deposit of $500 to open an account.

What types of early withdrawal penalties does Digital Federal Credit Union Jump-Up CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

Digital Federal Credit Union does not charge an early withdrawal fee.