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Last Updated: 04/18/2025
Sea Air Federal Credit Union IRA Share Certificate
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.25% - 0.70%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $50
Certificate Term
- 6 months
- 9 months
- 11 months
- 12 months
- 18 months
- 2 years
- 3 years
- 4 years
- 5 years
Sea Air Federal Credit Union IRA Share Certificate Review
Sea Air Federal Credit Union IRA Share Certificate are offered by Sea Air Federal Credit Union, a credit union founded in 1952 and based in Seal Beach, CA. Sea Air Federal Credit Union IRA Share Certificate are available in 1 state.
Key Takeaways
- Only one share certificate type available. Sea Air Federal Credit Union IRA Share Certificate only offers IRA share certificate accounts.
- Low APY. The maximum annual percentage yield for this account is only 0.70%.
- Small minimum initial deposit. You only need $50 to open an account.
- Wide selection of certificate terms. Sea Air Federal Credit Union IRA 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 IRA Share Certificate
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Sea Air Federal Credit Union IRA Share Certificate FAQ
Are share certificates from Sea Air Federal 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 Sea Air Federal Credit Union offer?
Sea Air Federal Credit Union IRA Share Certificate 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.
- 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 Sea Air Federal Credit Union IRA Share Certificate offers a share certificate that is specifically for retirement.
What rates does Sea Air Federal Credit Union offer on its share certificates?
Sea Air Federal Credit Union IRA Share Certificate offers an APY starting at 0.25% and ranging up to 0.70%. APY stands for annual percentage yield and shows the interest rate paid by the share certificate after taking into account compounding.
What terms does Sea Air Federal Credit Union IRA Share Certificate offer?
Sea Air Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 11-Month APY | 0.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.25% - 0.70% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 0.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 0.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 0.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 0.70% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with Sea Air Federal Credit Union?
Sea Air Federal Credit Union IRA Share Certificate require a minimum deposit of $50 to open an account.
What is the grace period for Sea Air Federal Credit Union IRA Share Certificate?
Sea Air Federal Credit Union IRA 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 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 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 Sea Air Federal 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.
Sea Air Federal Credit Union charges an early withdrawal fee.
Sea Air Federal Credit Union does charge any of the fees we track.
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Other CD Accounts from Sea Air Federal Credit Union
Rating not yet determined
APY (Annual Percentage Yield)
0.25% - 0.70%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $50K
Certificate TermShow More
- 6 months
- 9 months
- 11 months
- 12 months
- 18 months
- 2 years
- 3 years
- 4 years
- 5 years
Rating not yet determined
APY (Annual Percentage Yield)
0.40% - 0.9%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $1K
Certificate TermShow More
- 6 months
- 9 months
- 11 months
- 12 months
- 18 months
- 2 years
- 3 years
- 4 years
- 5 years
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