Last Updated: 04/18/2025
Parda Credit Union Jumbo CD Accounts
Unaffiliated
in CD Accounts from Parda Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.660%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $50,000
Certificate Term
12 months
Parda Credit Union Jumbo CD Accounts Review
Parda Credit Union Jumbo CD Accounts are offered by Parda Credit Union, a credit union founded in 1937 and based in Auburn Hills, MI. Parda Credit Union Jumbo CD Accounts are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. Parda Credit Union Jumbo CD Accounts only offers jumbo CD accounts.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.660%, which is much higher than the national average for a CD account.
- High minimum deposit. You must deposit a minimum of $50,000, which is high compared to most CD accounts.
- Limited selection of CD terms. Parda Credit Union Jumbo CD Accounts only offers one CD term. This limits your options when trying to set up a CD ladder.
Pros & Cons of Parda Credit Union Jumbo CD Accounts
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Parda Credit Union Jumbo CD Accounts FAQ
Are CD from Parda Credit Union federally insured?
No, your Parda Credit Union CD accounts are not insured by a federal insurance agency. This means that if Parda 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 Parda Credit Union offer?
Parda Credit Union Jumbo 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.
- Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
What rates does Parda Credit Union offer on its CDs?
The CD rates for this account have an APY of1.660% (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 Parda Credit Union Jumbo CD Accounts offer?
Parda Credit Union offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term | 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 1.660% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 1.660% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Parda Credit Union?
Parda Credit Union Jumbo CD Accounts require a minimum deposit of $50,000 to open an account.
What is the grace period for Parda Credit Union Jumbo CD Accounts?
Parda Credit Union Jumbo 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 Parda 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.
Parda Credit Union charges an early withdrawal fee.
Parda Credit Union does charge any of the fees we track.
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Contact
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 6:00PM
Tuesday
8:00AM - 6:00PM
Wednesday
8:00AM - 6:00PM
Thursday
8:00AM - 6:00PM
Friday
8:00AM - 6:00PM
Saturday
9:00AM - 1:00PM