San Diego CU 15-Month Certificate Account

San Diego CU 15-Month Certificate Account Review

San Diego CU 15-Month Certificate Account are offered by San Diego County Credit Union, a credit union founded in 1995 and based in San Diego, CA. San Diego CU 15-Month Certificate Account are available in 1 state across the USA.

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.8%, which is much higher than the national average for a certificate account.
• $2,000 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
• Limited selection of share certificate terms. SDCCU CD only offers one share certificate term. This limits your options when trying to set up a certificate ladder.

Pros & Cons of San Diego CU 15-Month Certificate Account

San Diego CU 15-Month Certificate Account FAQ

Are share certificates from San Diego County 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 San Diego County Credit Union offer?

• 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.
• Jumbo share certificates. A jumbo share certificate requires a higher minimum balance than that required by traditional share certificates. In exchange, jumbo share certificates pay higher interest rates.
• IRA share certificates. An IRA share certificate is a type of IRA that consists entirely of share certificates. In general, you can invest in share certificates in any IRA, but SDCCU CD offers a share certificate that is specifically for retirement.

What rates does San Diego County Credit Union offer on its share certificates?

SDCCU CD offers an APY starting at 0.7% and ranging up to 0.8%. APY stands for annual percentage yield and shows the interest rate paid by the share certificate after taking into account compounding.

What is the minimum deposit to open a share certificate account with San Diego County Credit Union?

SDCCU CD require a minimum deposit of $2,000 to open an account.

What is the grace period for SDCCU CD?

There is a 7-day grace period for SDCCU CD. 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 7-day 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 San Diego County 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.

San Diego County Credit Union does not charge an early withdrawal fee.