Last Updated: 04/18/2025
Lifetime Federal CU CD Accounts
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
4.33% - 5.12%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $0
Certificate Term
- 6 months
- 12 months
- 2 years
Lifetime Federal CU CD Accounts Review
Lifetime Federal CU CD Accounts are offered by Lifetime Federal Credit Union, a credit union founded in 1949 and based in Tulsa, OK. Lifetime Federal CU CD Accounts are available in 50 states and Washington, DC.
Key Takeaways
- Small selection of CD account types. Lifetime Federal CU CD Accounts only offers IRA and traditional CDs.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 5.12%, which is much higher than the national average for a CD account.
- No minimum initial deposit. There is no minimum balance required to open an account.
- Limited selection of CD terms. Lifetime Federal CU CD Accounts only offers three CD terms. This limits your options when trying to set up a CD ladder.
Pros & Cons of Lifetime Federal CU CD Accounts
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Lifetime Federal CU CD Accounts FAQ
Are CD from Lifetime Federal Credit Union federally insured?
No, your Lifetime Federal Credit Union CD accounts are not insured by a federal insurance agency. This means that if Lifetime 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 Lifetime Federal Credit Union offer?
Lifetime Federal CU CD Accounts provides the following types of CDs.- Traditional CDs. These CDs 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 CDs for another term.
- IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Lifetime Federal CU CD Accounts offers a CD that is specifically for retirement.
What rates does Lifetime Federal Credit Union offer on its CDs?
Lifetime Federal CU CD Accounts offers an APY starting at 4.33% and ranging up to 5.12%. APY stands for annual percentage yield and shows the interest rate paid by the CD 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 Lifetime Federal CU CD Accounts offer?
Lifetime Federal Credit Union offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
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| 12-Month APY | Starting at 5.12% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 4.33% - 5.12% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | Starting at 4.33% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | Starting at 5.12% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Lifetime Federal Credit Union?
Lifetime Federal CU CD Accounts does not require a minimum deposit.
What is the grace period for Lifetime Federal CU CD Accounts?
Lifetime 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 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 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 Lifetime Federal Credit Union 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 term ends.
Lifetime Federal Credit Union charges an early withdrawal fee.
Lifetime Federal Credit Union does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 4:00PM
Tuesday
8:00AM - 4:00PM
Wednesday
8:00AM - 4:00PM
Thursday
8:00AM - 4:00PM
Friday
8:00AM - 4:00PM
Saturday
Closed