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  Logix Federal Credit Union Bump Certificate
Logix Federal Credit Union Bump Certificate Unaffiliated

Logix Federal Credit Union Bump Certificate

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Highlights
Minimum Opening Deposit Starting at $1,000
Certificate Term 12 months
APY (Annual Percentage Yield) 0.2% - 0.55%

Logix Federal Credit Union Bump Certificate Review

Logix Federal Credit Union Bump Certificate is offered by Logix Federal Credit Union, founded in 1937 and based in Burbank, CA. Logix Federal Credit Union Bump Certificate is available in 8 states across the USA.

Key Takeaways
  • Only one CD account type available. Logix CD only offers CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.55%, which is much higher than the national average for a CD account.
  • $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Limited selection of CD terms. Logix CD only offers one CD terms. This limits your options when trying to set up a CD ladder.
Pros & Cons of Logix Federal Credit Union Bump Certificate
Pros Cons
  • High-interest yield.
  • Not FDIC-insured.
  • Only available in 8 states.
  • Poor selection of CD terms.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Logix Federal Credit Union Bump Certificate FAQ

Are cd rates from Logix Federal Credit Union federally insured?

No, your Logix Federal Credit Union cd rates are not insured by a federal insurance agency. This means that if Logix 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 Logix Federal Credit Union offer?

Logix CD provides the following types of CDs.
  • 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 Logix Federal Credit Union offer on its CDs?

Logix CD offers an APY starting at 0.2% and ranging up to 0.55%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Logix CD offer?

Logix Federal Credit Union offers CD terms of the following lengths:
Logix Federal Credit Union Bump Certificate Rates & Terms
Description
APY (Annual Percentage Yield) 0.2% - 0.55%
12-Month APY 0.2% - 0.55%

What is the minimum deposit to open a CD account with Logix Federal Credit Union?

Logix CD requires a minimum deposit of $1,000 to open an account.

What is the grace period for Logix CD?

There is a 7-day grace period for Logix 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 7-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 Logix 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.

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

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Logix Federal Credit Union

With Logix, you get more than a financial institution—you get peace of mind. Bump Rate Certificate allows you to increase your rate/yield one time during your term if our current offering rate is greater than the rate you are earning on your account. You can also bump up your rate one time during a 12-month term with our bump rate certificate.

Availability

  Available in 8 states
  • Arizona
  • California
  • Massachusetts
  • Maryland
  • Maine
  • New Hampshire
  • Nevada
  • Virginia

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
APY (Annual Percentage Yield) 0.2% - 0.55%
12-Month APY 0.2% - 0.55%
CD Accounts Bump Up
Grace Period for Account Changes 7 days
Certificate Term 12 months

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