Last Updated: 04/18/2025
Northern Indiana FCU Individual Retirement Account CDs
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
N/A
Minimum Opening Deposit
$500
Certificate Term
- 3 months
- 30 months
Northern Indiana FCU Individual Retirement Account CDs Review
Northern Indiana FCU Individual Retirement Account CDs are offered by Northern Indiana Federal Credit Union, a credit union founded in 1935 and based in Merrillville, IN. Northern Indiana FCU Individual Retirement Account CDs are available in 50 states and Washington, DC.
Key Takeaways
- Only one share certificate type available. Northern Indiana FCU Individual Retirement Account CDs only offers IRA share certificate accounts.
- Waivable monthly maintenance fee. Minimum balance to avoid $5.00 fee is $500.00
- $500.00 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
- Limited selection of share certificate terms. Northern Indiana FCU Individual Retirement Account CDs only offers two share certificate terms. This limits your options when trying to set up a certificate ladder.
Pros & Cons of Northern Indiana FCU Individual Retirement Account CDs
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Northern Indiana FCU Individual Retirement Account CDs FAQ
Are share certificates from Northern Indiana Federal Credit Union federally insured?
Yes, your share certificates 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 is the difference between CDs and Share Certificates?
Certificates of Deposit (CDs) and Share Certificates are both deposit accounts where your money can grow at a fixed rate for a predetermined period of time. Both are low-risk and federally insured products designed to give you a better rate on your deposits than typical savings accounts. The main difference between them is that CDs are offered by for-profit banks, whereas Share Certificates are offered by member-owned, not-for-profit credit unions.
What types of share certificates does Northern Indiana Federal Credit Union offer?
Northern Indiana FCU Individual Retirement Account CDs provides the following types of share certificates.- Traditional share certificates. These share certificates 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 share certificate for another term.
- IRA share certificates. An IRA share certificate is a type of IRA that consists entirely of share certificates. In general, you can invest in share certificates in any IRA, but Northern Indiana FCU Individual Retirement Account CDs offers a share certificate that is specifically for retirement.
What rates does Northern Indiana Federal Credit Union offer on its share certificates?
What terms does Northern Indiana FCU Individual Retirement Account CDs offer?
Northern Indiana Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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What is the minimum deposit to open a share certificate account with Northern Indiana Federal Credit Union?
Northern Indiana FCU Individual Retirement Account CDs require a minimum deposit of $500.00 to open an account.
What is the grace period for Northern Indiana FCU Individual Retirement Account CDs?
Northern Indiana FCU Individual Retirement Account CDs 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 share certificate without paying an early withdrawal penalty. A grace period starts the day after a share certificate’s maturity date, or the final day a share certificate is opened. Standard share certificates renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new share certificate rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Northern Indiana Federal Credit Union charge?
Financial institutions don't typically charge many fees on share certificates. However, most charge a fee if you choose to withdraw your money before the term ends.
Northern Indiana Federal Credit Union charges an early withdrawal fee.
Northern Indiana Federal Credit Union does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 6:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed