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  Logix Federal Credit Union Certificate Account
Logix Federal Credit Union Certificate Account Unaffiliated

Logix Federal Credit Union Certificate Account

Unaffiliated
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Highlights
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 13 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.15% - 1.15%

Logix Federal Credit Union Certificate Account Review

Logix Federal Credit Union Certificate Account is offered by Logix Federal Credit Union, founded in 1937 and based in Burbank, CA. Logix Federal Credit Union Certificate Account is available in 9 states across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 1.15%, 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.
  • Wide selection of CD terms. Logix CD allows you to create a CD 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 Logix Federal Credit Union Certificate Account
Pros Cons
  • Multiple CD terms available.
  • High-interest yield.
  • Not FDIC-insured.
  • Only available in 9 states.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Logix Federal Credit Union Certificate Account FAQ

Are cd accounts from Logix Federal Credit Union federally insured?

No, your Logix Federal Credit Union cd accounts 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 0.15% and ranging up to 1.15%. 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 Certificate Account Rates & Terms
Description
APY (Annual Percentage Yield) 0.15% - 1.15%
3-Month APY 0.15% - 0.50%
6-Month APY 0.15% - 0.60%
12-Month APY 0.15% - 0.75%
2-Year APY 0.45% - 0.90%
3-Year APY 0.5% - 0.95%
4-Year APY 0.6% - 1.05%
5-Year APY 0.65% - 1.15%

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

The wait for better rates is over. We raised our Certificate rates so that your hard-earned money gives you exactly what you deserve... MORE! Sometimes all you really want is something steady and secure. A certificate account will give you just that, plus a smart way to diversify your portfolio. Open your Certificate risk-free! While there is typically a penalty for withdrawing funds from a certificate before maturity, Logix will waive your early termination fee if you decide you want to invest funds from your certificate in the market. To qualify for this waiver, your certificate funds must be invested in a qualified brokerage product (e.g. qualifying annuity or mutual fund, not individual stock purchases) through Logix Financial Services.

Availability

  Available in 8 states and Washington, D.C.
  • Arizona
  • California
  • Washington, DC
  • Massachusetts
  • Maryland
  • Maine
  • New Hampshire
  • Nevada
  • Virginia

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
APY (Annual Percentage Yield) 0.15% - 1.15%
3-Month APY 0.15% - 0.50%
6-Month APY 0.15% - 0.60%
12-Month APY 0.15% - 0.75%
2-Year APY 0.45% - 0.90%
3-Year APY 0.5% - 0.95%
4-Year APY 0.6% - 1.05%
5-Year APY 0.65% - 1.15%
CD Accounts
  • Traditional
  • Jumbo
  • IRA
Grace Period for Account Changes 7 days
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 13 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

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Logix Federal Credit Union CD Accounts

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