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  San Diego County Credit Union Certificate Account
San Diego County Credit Union Certificate Account
in CD Accounts from San Diego County Credit Union · Insured by NCUA
Unaffiliated

San Diego County Credit Union Certificate Account

Unaffiliated
in CD Accounts from San Diego County Credit Union · Insured by NCUA
Net Recommendation Score -100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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APY (Annual Percentage Yield) 0.2% - 1.15%
Minimum Opening Deposit Starting at $2,000
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

San Diego County Credit Union Certificate Account Review

San Diego County Credit Union Certificate Account are offered by San Diego County Credit Union, a credit union founded in 1995 and based in San Diego, CA. San Diego County Credit Union 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 1.15%, 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.
  • Wide selection of certificate terms. SDCCU 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 San Diego County Credit Union Certificate Account

Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • Only available in one state.
  • There isn't a no-penalty certificate option.

San Diego County Credit Union 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?

SDCCU 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.
  • 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 0.2% and ranging up to 1.15%. APY stands for annual percentage yield and shows the interest rate paid by the share certificate after taking into account compounding.

What terms does SDCCU CD offer?

San Diego County Credit Union offers share certificate terms of the following lengths:
San Diego County Credit Union Certificate Account Rates & Terms
Description
APY (Annual Percentage Yield) 0.2% - 1.15%
3-Month APY 0.10% - 0.20%
6-Month APY 0.25% - 0.35%
12-Month APY 0.35% - 0.45%
2-Year APY 0.55% - 0.65%
3-Year APY 0.70% - 0.80%
4-Year APY 0.80% - 0.90%
5-Year APY 1.05% - 1.15%

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.

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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.

Message From SDCCU CD

Are you ready to move away from big bank banking and switch to a credit union? Opening an account with SDCCU gives you access to the banking perks you love such as free checking with eStatements, mobile banking and so much more. Open an account online with not just any credit union, but with San Diego’s BEST Credit Union! We have all the big bank products you want without the "big bankers."

Certificate Accounts. Short-term certificate: Earn a quick return on your investment, generally payable or reaching maturity in less than one year. Long-term certificate: Invest your money securely for longer than one year and receive a higher rate of return. Start growing your money today. 

Other CD Accounts by San Diego County Credit Union

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Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Opening Deposit Starting at $2,000
APY (Annual Percentage Yield) 0.2% - 1.15%
3-Month APY 0.10% - 0.20%
6-Month APY 0.25% - 0.35%
12-Month APY 0.35% - 0.45%
2-Year APY 0.55% - 0.65%
3-Year APY 0.70% - 0.80%
4-Year APY 0.80% - 0.90%
5-Year APY 1.05% - 1.15%
Certificate Term
  • 3 months
  • 6 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
CD Accounts
  • Traditional
  • Jumbo
  • IRA
Grace Period for Account Changes 7 days

San Diego County Credit Union Certificate Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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