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  Sea Air FCU Mini Jumbo Share Certificate
Sea Air FCU Mini Jumbo Share Certificate
in CD Accounts from Sea Air Federal Credit Union · Insured by NCUA
Unaffiliated

Sea Air FCU Mini Jumbo Share Certificate

Unaffiliated
in CD Accounts from Sea Air Federal Credit Union · Insured by NCUA
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Highlights
APY (Annual Percentage Yield) 0.25% - 0.70%
Minimum Opening Deposit Starting at $50,000
Certificate Term
  • 6 months
  • 9 months
  • 11 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

Sea Air FCU Mini Jumbo Share Certificate Review

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

Key Takeaways

  • Only one share certificate type available. Sea Air Federal Credit Union jumbo CD only offers jumbo share certificate accounts.
  • Low APY. The maximum annual percentage yield for this account is only 0.70%.
  • High minimum deposit. You must deposit a minimum of $50,000, which is high compared to most certificate accounts.
  • Wide selection of certificate terms. Sea Air Federal Credit Union jumbo 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 Sea Air FCU Mini Jumbo Share Certificate

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.
  • Does not offer an IRA CD.

Sea Air FCU Mini Jumbo 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 jumbo 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.

What rates does Sea Air Federal Credit Union offer on its share certificates?

Sea Air Federal Credit Union jumbo CD 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 jumbo CD offer?

Sea Air Federal Credit Union offers share certificate terms of the following lengths:
Sea Air FCU Mini Jumbo Share Certificate Rates & Terms
Description
APY (Annual Percentage Yield) 0.25% - 0.70%
6-Month APY 0.25%
11-Month APY 0.25%
12-Month APY 0.30%
2-Year APY 0.40%
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 jumbo CD require a minimum deposit of $50,000 to open an account.

What is the grace period for Sea Air Federal Credit Union jumbo CD?

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

Sea Air Federal Credit Union does charge any of the fees we track.

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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 Sea Air Federal Credit Union jumbo CD

Certificates are a great option if you have a lump sum of money that you would like to earn higher interest. We offer a variety of terms from 6 to 60 months. The Jumbo certificate requires a minimum $50,000 deposit and offers a higher rate of return. Terms vary from 6 to 60 months.

Other CD Accounts by Sea Air Federal Credit Union

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Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Opening Deposit Starting at $50,000
APY (Annual Percentage Yield) 0.25% - 0.70%
6-Month APY 0.25%
11-Month APY 0.25%
12-Month APY 0.30%
2-Year APY 0.40%
3-Year APY 0.50%
4-Year APY 0.55%
5-Year APY 0.70%
Certificate Term
  • 6 months
  • 9 months
  • 11 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
CD Accounts Jumbo

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