Last Updated: 04/18/2025
Ironworkers USA FCU Bump up Share Certificates
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
N/A
Minimum Opening Deposit
$5,000
Certificate Term
- 2 years
- 25 months
- 27 months
- 28 months
- 30 months
- 31 months
- 3 years
- 37 months
- 39 months
- 42 months
- 43 months
- 4 years
- 49 months
- 55 months
- 58 months
- 59 months
- 5 years
Ironworkers USA FCU Bump up Share Certificates Review
Ironworkers USA FCU Bump up Share Certificates are offered by Ironworkers USA Federal Credit Union, a credit union founded in 1960 and based in Portland, OR. Ironworkers USA FCU Bump up Share Certificates are available in 50 states and Washington, DC.
Key Takeaways
- Only one share certificate type available. Ironworkers USA FCU Bump up Share Certificates only offers bump up share certificate accounts.
- High minimum deposit. You must deposit a minimum of $5,000.00, which is high compared to most certificate accounts.
- Wide selection of certificate terms. Ironworkers USA FCU Bump up Share Certificates 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 Ironworkers USA FCU Bump up Share Certificates
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Ironworkers USA FCU Bump up Share Certificates FAQ
Are share certificates from Ironworkers USA 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 Ironworkers USA Federal Credit Union offer?
Ironworkers USA FCU Bump up Share Certificates 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.
- Bump-up share certificates. Bump-up share certificates allow you to increase the interest rate you earn on your savings if the going interest rates rise. These share certificates are useful in a changing interest rate environment.
What rates does Ironworkers USA Federal Credit Union offer on its share certificates?
What terms does Ironworkers USA FCU Bump up Share Certificates offer?
Ironworkers USA Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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What is the minimum deposit to open a share certificate account with Ironworkers USA Federal Credit Union?
Ironworkers USA FCU Bump up Share Certificates require a minimum deposit of $5,000.00 to open an account.
What is the grace period for Ironworkers USA FCU Bump up Share Certificates?
Ironworkers USA FCU Bump up Share Certificates 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 Ironworkers USA 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.
Ironworkers USA Federal Credit Union charges an early withdrawal fee.
Ironworkers USA Federal Credit Union does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed