Last Updated: 04/18/2025
New Orleans Firemen's CU CD Accounts
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.10% - 5.11%(Verified 06/21/2024)
Minimum Opening Deposit
$0 - $2,000
Certificate Term
- 1 month
- 3 months
- 6 months
- 7 months
- 9 months
- 10 months
- 11 months
- 12 months
- 13 months
- 15 months
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- 2 years
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- 3 years
- 37 months
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- 43 months
- 4 years
- 49 months
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- 58 months
- 59 months
- 5 years
New Orleans Firemen's CU CD Accounts Review
New Orleans Firemen's CU CD Accounts are offered by New Orleans Firemen's Federal Credit Union, a credit union founded in 1934 and based in Metairie, LA. New Orleans Firemen's CU CD Accounts are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. New Orleans Firemen's CU CD Accounts only offers IRA CD accounts.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 5.11%, 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.
- Wide selection of CD terms. New Orleans Firemen's CU CD Accounts 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 New Orleans Firemen's CU CD Accounts
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New Orleans Firemen's CU CD Accounts FAQ
Are CD from New Orleans Firemen's Federal Credit Union federally insured?
No, your New Orleans Firemen's Federal Credit Union CD accounts are not insured by a federal insurance agency. This means that if New Orleans Firemen's 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 New Orleans Firemen's Federal Credit Union offer?
New Orleans Firemen's 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 New Orleans Firemen's CU CD Accounts offers a CD that is specifically for retirement.
What rates does New Orleans Firemen's Federal Credit Union offer on its CDs?
New Orleans Firemen's CU CD Accounts offers an APY starting at 0.10% and ranging up to 5.11%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.
What terms does New Orleans Firemen's CU CD Accounts offer?
New Orleans Firemen's Federal Credit Union offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
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| 12-Month APY | 0.15% - 5.11% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.10% - 5.11% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | Starting at 0.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 0.25% - 5.11% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | Starting at 0.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with New Orleans Firemen's Federal Credit Union?
New Orleans Firemen's CU CD Accounts does not require a minimum deposit.
What is the grace period for New Orleans Firemen's CU CD Accounts?
New Orleans Firemen's 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 New Orleans Firemen's 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.
New Orleans Firemen's Federal Credit Union charges an early withdrawal fee.
New Orleans Firemen's 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 - 5:00PM
Saturday
9:00AM - 12:00PM