Police Fire FCU Certificate of Deposit

Police Fire FCU Certificate of Deposit Review

Police Fire FCU Certificate of Deposit is offered by Police and Fire Federal Credit Union, a credit union founded in 1938 and based in Philadelphia, PA. Police Fire FCU Certificate of Deposit is available in 1 state across the USA.

Key Takeaways

• Very high APY. This account offers an annual percentage yield of up to 1%, 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.
• Wide selection of certificate terms. Police and Fire Federal 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 Police Fire FCU Certificate of Deposit

Police Fire FCU Certificate of Deposit FAQ

Are CDs from Police and Fire Federal Credit Union federally insured?

Yes, your Police and Fire Federal 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 Police and Fire Federal Credit Union offer?

• 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.
• Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
• IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Police and Fire Federal Credit Union CD offers a CD that is specifically for retirement.

What CD rates does Police and Fire Federal Credit Union offer on its CDs?

Police and Fire Federal Credit Union CD offers an APY starting at 0.3% and ranging up to 1%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What is the minimum deposit to open a CD account with Police and Fire Federal Credit Union?

Police and Fire Federal Credit Union CD requires a minimum deposit of $1,000 to open an account.

What is the grace period for Police and Fire Federal Credit Union CD?

Police and Fire Federal 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 Police and Fire Federal 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.

Police and Fire Federal Credit Union does not charge an early withdrawal fee.

Police and Fire Federal Credit Union does not seem to charge any of the fees we track.