Last Updated: 04/18/2025
Nymeo Federal CU CD Accounts
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Starting at 3.00%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $0
Certificate Term
- 3 months
- 6 months
- 7 months
- 9 months
- 10 months
- 11 months
- 12 months
- 13 months
- 15 months
- 16 months
- 17 months
- 18 months
- 19 months
- 20 months
- 23 months
- 2 years
- 25 months
- 27 months
- 28 months
- 30 months
- 31 months
- 3 years
- 37 months
- 39 months
- 42 months
- 43 months
- 4 years
- 49 months
- 55 months
- 58 months
- 59 months
- 5 years
- 61 months
- 6 years
- 7 years
Nymeo Federal CU CD Accounts Review
Nymeo Federal CU CD Accounts are offered by Nymeo Federal Credit Union, a credit union founded in 1933 and based in Frederick, MD. Nymeo Federal CU CD Accounts are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. Nymeo Federal CU CD Accounts only offers traditional CD accounts.
- No minimum initial deposit. There is no minimum balance required to open an account.
- Wide selection of CD terms. Nymeo Federal 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 Nymeo Federal CU CD Accounts
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Nymeo Federal CU CD Accounts FAQ
Are CD from Nymeo Federal Credit Union federally insured?
No, your Nymeo Federal Credit Union CD accounts are not insured by a federal insurance agency. This means that if Nymeo 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 Nymeo Federal Credit Union offer?
Nymeo Federal 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.
What rates does Nymeo Federal Credit Union offer on its CDs?
Nymeo Federal CU CD Accounts offers an APY starting at 3.00% . APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.
What terms does Nymeo Federal CU CD Accounts offer?
Nymeo Federal Credit Union offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
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| APY (Annual Percentage Yield) | Starting at 3.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Nymeo Federal Credit Union?
Nymeo Federal CU CD Accounts does not require a minimum deposit.
What is the grace period for Nymeo Federal CU CD Accounts?
Nymeo Federal 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 Nymeo 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.
Nymeo Federal Credit Union charges an early withdrawal fee.
Nymeo 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 - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed