Last Updated: 04/18/2025
St. Francis X FCU 9-Month No Penalty CD
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.30% - 0.40%(Verified 09/23/2024)
Minimum Opening Deposit
$500
Certificate Term
9 months
St. Francis X FCU 9-Month No Penalty CD Review
St. Francis X FCU 9-Month No Penalty CD are offered by St. Francis X Federal Credit Union, a credit union founded in 1951 and based in Petoskey, MI. St. Francis X FCU 9-Month No Penalty CD are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Only one share certificate type available. St. Francis X FCU 9-Month No Penalty CD only offers traditional share certificate accounts.
- Low APY. The maximum annual percentage yield for this account is only 0.40%.
- $500.00 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
- Limited selection of share certificate terms. St. Francis X FCU 9-Month No Penalty CD only offers one share certificate term. This limits your options when trying to set up a certificate ladder.
Pros & Cons of St. Francis X FCU 9-Month No Penalty CD
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St. Francis X FCU 9-Month No Penalty CD FAQ
Are share certificates from St. Francis X 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 St. Francis X Federal Credit Union offer?
St. Francis X FCU 9-Month No Penalty 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.
What rates does St. Francis X Federal Credit Union offer on its share certificates?
St. Francis X FCU 9-Month No Penalty CD offers an APY starting at 0.30% and ranging up to 0.40%. APY stands for annual percentage yield and shows the interest rate paid by the share certificate after taking into account compounding.
What terms does St. Francis X FCU 9-Month No Penalty CD offer?
St. Francis X Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term | 9 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.30% - 0.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9-Month APY | 0.30% - 0.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with St. Francis X Federal Credit Union?
St. Francis X FCU 9-Month No Penalty CD require a minimum deposit of $500.00 to open an account.
What is the grace period for St. Francis X FCU 9-Month No Penalty CD?
St. Francis X FCU 9-Month No Penalty 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 St. Francis X 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.
St. Francis X Federal Credit Union does not charge an early withdrawal fee.
St. Francis X Federal Credit Union does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:00PM
Tuesday
8:30AM - 5:00PM
Wednesday
8:30AM - 12:00PM
Thursday
8:30AM - 5:00PM
Friday
8:30AM - 6:00PM
Saturday
8:30AM - 12:00PM