Sea Air Federal Credit Union Share Certificate

Sea Air Federal Credit Union Share Certificate Review

Sea Air Federal Credit Union Share Certificate is offered by Sea Air Federal Credit Union, a credit union founded in 1952 and based in Seal Beach, CA. Sea Air Federal Credit Union Share Certificate is available in 1 state across the USA.

Key Takeaways

• Only one CD account type available. Sea Air Federal Credit Union Share Certificate only offers traditional CD accounts.
• Very high APY. This account offers an annual percentage yield of up to 0.9%, 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. Sea Air Federal Credit Union Share Certificate 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 Sea Air Federal Credit Union Share Certificate

Sea Air Federal Credit Union Share Certificate FAQ

Are cd accounts from Sea Air Federal Credit Union federally insured?

Yes, your Sea Air 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 Sea Air 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.

What CD rates does Sea Air Federal Credit Union offer on its CDs?

Sea Air Federal Credit Union Share Certificate offers an APY starting at 0.40% and ranging up to 0.9%. 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 Sea Air Federal Credit Union?

Sea Air Federal Credit Union Share Certificate requires a minimum deposit of $1,000 to open an account.

What is the grace period for Sea Air Federal Credit Union Share Certificate?

Sea Air Federal Credit Union Share Certificate 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 Sea Air Federal Credit Union Share Certificate 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.

Sea Air Federal Credit Union does not charge an early withdrawal fee.

Sea Air Federal Credit Union does not seem to charge any of the fees we track.