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  Adventure Credit Union CD

Adventure Credit Union CD

in CD Accounts from Adventure Credit Union · ncua

Unaffiliated

Adventure Credit Union CD

Unaffiliated

in CD Accounts from Adventure Credit Union · Insured by NCUA

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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 18 months
  • 30 months
APY (Annual Percentage Yield) 0.40% - 1.30%

Adventure Credit Union CD Review

Adventure Credit Union CD is offered by Adventure Credit Union, a credit union founded in 1936 and based in Grand Rapids, MI. Adventure Credit Union CD is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. Adventure Credit Union CD only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 1.30%, which is much higher than the national average for a certificate account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. Adventure Credit Union CD 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 Adventure Credit Union CD
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.
Adventure Credit Union CD FAQ

Are cd accounts from Adventure Credit Union federally insured?

Yes, your Adventure 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 Adventure Credit Union offer?

Adventure Credit Union 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 Adventure Credit Union offer on its CDs?

Adventure Credit Union CD offers an APY starting at .40% and ranging up to 1.30%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Adventure Credit Union CD offer?

Adventure Credit Union offers CD terms of the following lengths:
Adventure Credit Union CD Rates & Terms
Description
2-Year APY 0.85%
3-Year APY 1.0%
4-Year APY 1.15%
5-Year APY 1.30%
6-Month APY 0.40%
12-Month APY 0.60%
APY (Annual Percentage Yield) 0.40% - 1.30%

What is the minimum deposit to open a CD account with Adventure Credit Union?

Adventure Credit Union CD requires a minimum deposit of $500 to open an account.

What is the grace period for Adventure Credit Union CD?

Adventure Credit Union CD 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 Adventure Credit Union 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.

Adventure Credit Union does not charge an early withdrawal fee.

Adventure Credit Union does not seem to charge any of the fees we track.

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Message From Adventure Credit Union CD

Certificates of deposit, or CDs, typically have the highest interest rates among government-insured savings products. And here at Adventure Credit Union in Grand Rapids and Lansing, MI, we offer a variety of CDs plus high yield CD specials.  CDs are ideal for people who want to bolster their nest egg without assuming much risk. Building a CD ladder can be a useful tactic to further personalize your savings strategy. While your money is locked away, interest rates could increase.  Or an emergency might leave you in need of that cash. CD laddering addresses these concerns.CD laddering involves buying CDs that mature at staggered dates, rather than a single long-term CD. Contact us for more information. 

Availability

  Available in 1 state
Michigan
Availabile in all of Michigan

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.85%
3-Year APY 1.0%
4-Year APY 1.15%
5-Year APY 1.30%
6-Month APY 0.40%
12-Month APY 0.60%
APY (Annual Percentage Yield) 0.40% - 1.30%
CD Accounts Traditional
Certificate Term
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
  • 18 months
  • 30 months

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