Last Updated: 04/18/2025
PA Central Federal Credit Union 9 Month Special CD
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All CD Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
2.02%(Verified 09/19/2024)
Minimum Opening Deposit
Starting at $1,000
Certificate Term
9 months
PA Central Federal Credit Union 9 Month Special CD Review
PA Central Federal Credit Union 9 Month Special CD are offered by PA Central Federal Credit Union, a credit union founded in 1938 and based in Harrisburg, PA. PA Central Federal Credit Union 9 Month Special CD are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Small selection of CD account types. PA Central Federal Credit Union 9 Month Special CD only offers bump up and traditional CDs.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 2.02%, 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.
- Limited selection of share certificate terms. PA Central Federal Credit Union 9 Month Special CD only offers one share certificate term. This limits your options when trying to set up a certificate ladder.
Pros & Cons of PA Central Federal Credit Union 9 Month Special CD
| Pros | Cons |
|
|
PA Central Federal Credit Union 9 Month Special CD FAQ
Are share certificates from PA Central 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 PA Central Federal Credit Union offer?
PA Central Federal Credit Union 9 Month Special CD 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.
- Bump-up share certificates. Bump-up share certificates allow you to increase the interest rate you earn on your savings if the going interest rates rise. These share certificates are useful in a changing interest rate environment.
What rates does PA Central Federal Credit Union offer on its share certificates?
The share certificate rates for this account have an APY of2.02% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1.6% APY for 12-month CDs.
What terms does PA Central Federal Credit Union 9 Month Special CD offer?
PA Central Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term | 9 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 2.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9-Month APY | 2.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with PA Central Federal Credit Union?
PA Central Federal Credit Union 9 Month Special CD require a minimum deposit of $1,000 to open an account.
What is the grace period for PA Central Federal Credit Union 9 Month Special CD?
PA Central Federal Credit Union 9 Month Special 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 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 PA Central 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.
PA Central Federal Credit Union charges an early withdrawal fee.
PA Central Federal Credit Union does charge any of the fees we track.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:00PM
Tuesday
8:30AM - 5:00PM
Wednesday
8:30AM - 5:00PM
Thursday
8:30AM - 5:00PM
Friday
8:30AM - 5:00PM
Saturday
Closed