Security Service Federal Credit Union Future Builder Certificate Review

Security Service Federal Credit Union Future Builder Certificate is offered by Security Service Federal Credit Union, a credit union founded in 1973 and based in San Antonio, TX. Security Service Federal Credit Union Future Builder Certificate is available in 3 states across the USA.

• Very high APY. This account offers an annual percentage yield of up to 0.40%, which is much higher than the national average for a CD account.
• $250 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
• Limited selection of CD terms. Security Service Federal Credit Union Future Builder Certificate only offers one CD terms. This limits your options when trying to set up a CD ladder.

Are cd accounts from Security Service Federal Credit Union federally insured?

Yes, your Security Service Federal Credit Union cd accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 Security Service 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.
• Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.

What CD rates does Security Service Federal Credit Union offer on its CDs?

Security Service Federal Credit Union Future Builder Certificate offers an APY starting at 0.25% and ranging up to 0.40%. 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 Security Service Federal Credit Union?

Security Service Federal Credit Union Future Builder Certificate requires a minimum deposit of $250 to open an account.

What is the grace period for Security Service Federal Credit Union Future Builder Certificate?

There is a 7-day grace period for Security Service Federal Credit Union Future Builder Certificate. 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 7-day 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 Security Service Federal Credit Union Future Builder 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.

Security Service Federal Credit Union does not charge an early withdrawal fee.