CD Accounts
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Last Updated: 05/14/2026
evolve Federal CU CD Accounts
Unaffiliated
Last Updated: 05/14/2026
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Highlights
APY (Annual Percentage Yield)
2.53% - 4.86%(Verified 06/21/2024)
Minimum Opening Deposit
$50 - $100,000
Certificate Term
- 3 months
- 6 months
- 12 months
- 2 years
- 3 years
- 4 years
- 5 years
evolve Federal CU CD Accounts Review
evolve Federal CU CD Accounts are offered by evolve Federal Credit Union, a credit union founded in 1936 and based in El Paso, TX. evolve Federal CU CD Accounts are available in 50 states and Washington, DC.
Key Takeaways
- Small selection of CD account types. evolve Federal CU CD Accounts only offers jumbo and traditional CDs.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.86%, which is much higher than the national average for a certificate account.
- Small minimum initial deposit. You only need $50.00 to open an account.
- Wide selection of certificate terms. evolve Federal CU CD Accounts 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 evolve Federal CU CD Accounts
| Pros | Cons |
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evolve Federal CU CD Accounts FAQ
Are share certificates from evolve Federal Credit Union 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 evolve Federal Credit Union offer?
evolve Federal CU CD Accounts 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.
- Jumbo share certificates. A jumbo share certificate requires a higher minimum balance than that required by traditional share certificates. In exchange, jumbo share certificates pay higher interest rates.
What rates does evolve Federal Credit Union offer on its share certificates?
evolve Federal CU CD Accounts offers an APY starting at 2.53% and ranging up to 4.86%. APY stands for annual percentage yield and shows the interest rate paid by the share certificate after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.
What terms does evolve Federal CU CD Accounts offer?
evolve Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | Starting at 2.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 2.53% - 4.33% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 2.53% - 4.86% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | Starting at 3.04% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | Starting at 4.86% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | Starting at 3.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | Starting at 3.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | Starting at 3.56% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with evolve Federal Credit Union?
evolve Federal CU CD Accounts require a minimum deposit of $50.00 to open an account.
What is the grace period for evolve Federal CU CD Accounts?
evolve Federal CU CD Accounts does not specify what their grace period is. 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 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 evolve 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.
evolve Federal Credit Union charges an early withdrawal fee.
evolve Federal Credit Union does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
9:30AM - 5:30PM
Tuesday
9:30AM - 5:30PM
Wednesday
9:30AM - 5:30PM
Thursday
9:30AM - 5:30PM
Friday
9:30AM - 5:30PM
Saturday
Closed
Other Services by evolve Federal Credit Union
Other CD Accounts from evolve Federal Credit Union
Rating not yet determined
APY (Annual Percentage Yield)
2.53% - 4.86%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $500
Certificate Term
- 3 months
- 6 months
- 12 months
- 2 years
- 3 years
- 4 years
- 5 years
Rating not yet determined
APY (Annual Percentage Yield)
3.40% - 4.86%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $100K
Certificate Term
- 12 months
- 2 years
- 3 years
- 4 years
- 5 years
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