Last Updated: 04/18/2025
Parda CU Senior Plus CD Account
Unaffiliated
in CD Accounts from Parda Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.660% - 4.111%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $500
Certificate Term
- 12 months
- 13 months
- 18 months
- 2 years
- 3 years
- 4 years
- 5 years
Parda CU Senior Plus CD Account Review
Parda CU Senior Plus CD Account are offered by Parda Credit Union, a credit union founded in 1937 and based in Auburn Hills, MI. Parda CU Senior Plus CD Account are available in 50 states and Washington, DC.
Key Takeaways
- Small selection of CD account types. Parda CU Senior Plus CD Account only offers bump up and traditional CDs.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.111%, which is much higher than the national average for a CD account.
- $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. Parda CU Senior Plus CD Account 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 Parda CU Senior Plus CD Account
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Parda CU Senior Plus CD Account 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 CU Senior Plus CD Account 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.
- Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.
What rates does Parda Credit Union offer on its CDs?
Parda CU Senior Plus CD Account offers an APY starting at 1.660% and ranging up to 4.111%. 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 Parda CU Senior Plus CD Account offer?
Parda Credit Union offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 1.660% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 1.660% - 4.111% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 1.812% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 1.862% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 1.913% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 2.065% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 18-Month APY | 2.574% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 13-Month APY | 4.111% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Parda Credit Union?
Parda CU Senior Plus CD Account require a minimum deposit of $500 to open an account.
What is the grace period for Parda CU Senior Plus CD Account?
Parda CU Senior Plus CD Account 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