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  Members 1st Credit Union Share Certificate

Members 1st Credit Union Share Certificate

in CD Accounts from Members 1st Credit Union · ncua

Unaffiliated

Members 1st Credit Union Share Certificate

Unaffiliated

in CD Accounts from Members 1st Credit Union · Insured by NCUA

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Highlights
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 18 months
APY (Annual Percentage Yield) 0.3% - 0.7%

Members 1st Credit Union Share Certificate Review

Members 1st Credit Union Share Certificate is offered by Members 1st Credit Union, a credit union founded in 1936 and based in Redding, CA. Members 1st Credit Union Share Certificate is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. Members 1st Credit Union Share Certificate only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.7%, which is much higher than the national average for a certificate account.
  • $1,000 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. Members 1st Credit Union Share Certificate 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 Members 1st Credit Union Share Certificate
Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
Members 1st Credit Union Share Certificate FAQ

Are cd accounts from Members 1st Credit Union federally insured?

Yes, your Members 1st Credit Union cd accounts 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 types of CDs does Members 1st Credit Union offer?

Members 1st Credit Union Share Certificate 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 Members 1st Credit Union offer on its CDs?

Members 1st Credit Union Share Certificate offers an APY starting at 0.3% and ranging up to 0.7%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Members 1st Credit Union Share Certificate offer?

Members 1st Credit Union offers CD terms of the following lengths:
Members 1st Credit Union Share Certificate Rates & Terms
Description
2-Year APY 0.6% - 0.7%
6-Month APY 0.3% - 0.4%
12-Month APY 0.45% - 0.55%
APY (Annual Percentage Yield) 0.3% - 0.7%

What is the minimum deposit to open a CD account with Members 1st Credit Union?

Members 1st Credit Union Share Certificate requires a minimum deposit of $1,000 to open an account.

What is the grace period for Members 1st Credit Union Share Certificate?

There is a 10-day grace period for Members 1st Credit Union Share Certificate. 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 10-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 Members 1st Credit Union Share Certificate 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.

Members 1st Credit Union does not charge an early withdrawal fee.

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Message From Members 1st Credit Union Share Certificate

Share Certificates earn higher interest on money you don’t need to access for periods of 6-24 months. With a low minimum opening deposit and flexible terms, a Share Certificate may be right for you. Renew your Share Certificate online, at a Members 1st branch, or by calling. If you choose to not renew your Share Certificate, the funds will be deposited into your Savings account. Members 1st Credit Union provides the convenient and relevant financial services our members need to achieve their goals and dreams.

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
2-Year APY 0.6% - 0.7%
6-Month APY 0.3% - 0.4%
12-Month APY 0.45% - 0.55%
APY (Annual Percentage Yield) 0.3% - 0.7%
CD Accounts Traditional
Grace Period for Account Changes 10 days
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 18 months

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