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  State Employees Credit Union Share Term Certificate

State Employees Credit Union Share Term Certificate

in CD Accounts from State Employees Credit Union · ncua

Unaffiliated

State Employees Credit Union Share Term Certificate

Unaffiliated

in CD Accounts from State Employees Credit Union · Insured by NCUA

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Highlights
Minimum Opening Deposit Starting at $250
Certificate Term
  • 6 months
  • 12 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.30% - 0.55%

State Employees Credit Union Share Term Certificate Review

State Employees Credit Union Share Term Certificate is offered by State Employees Credit Union, a credit union founded in 1937 and based in Raleigh, NC. State Employees Credit Union Share Term Certificate is available in 1 state across the USA.

Key Takeaways
  • Only one CD account type available. State Employees Credit Union CD only offers traditional CD accounts.
  • Very high APY. This account offers an annual percentage yield of up to 0.55%, which is much higher than the national average for a certificate account.
  • $250 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. State Employees Credit Union 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 State Employees Credit Union Share Term Certificate
Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.
State Employees Credit Union Share Term Certificate FAQ

Are cd accounts from State Employees Credit Union federally insured?

Yes, your State Employees 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 State Employees Credit Union offer?

State Employees Credit Union CD provides the following types of CDs.
  • 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 State Employees Credit Union offer on its CDs?

State Employees Credit Union CD offers an APY starting at 0.30% and ranging up to 0.55%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does State Employees Credit Union CD offer?

State Employees Credit Union offers CD terms of the following lengths:
State Employees Credit Union Share Term Certificate Rates & Terms
Description
2-Year APY 0.40%
3-Year APY 0.50%
4-Year APY 0.50%
5-Year APY 0.55%
6-Month APY 0.30%
12-Month APY 0.35%
APY (Annual Percentage Yield) 0.30% - 0.55%

What is the minimum deposit to open a CD account with State Employees Credit Union?

State Employees Credit Union CD requires a minimum deposit of $250 to open an account.

What is the grace period for State Employees Credit Union CD?

There is a 7-day grace period for State Employees Credit Union CD. 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 State Employees Credit Union CD 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.

State Employees Credit Union does not charge an early withdrawal fee.

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Message From State Employees Credit Union Share Term Certificate

State Employees' Credit Union offers members the opportunity to earn a higher rate of interest on their savings if they invest their funds for a fixed period of time in one or more STCs. Members have the option to open regular STCs with 6- to 60-month terms or a series of five laddered STCs with graduated maturity dates. Laddering protects against the risk of interest rate fluctuations and provides a reliable flow of interest income. Owners have access to a portion of their funds at staggered intervals without triggering early withdrawal penalties. You can open a share term certificate online via Member Access.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:30pm
  • Tuesday 8:30am - 5:30pm
  • Wednesday 8:30am - 5:30pm
  • Thursday 8:30am - 5:30pm
  • Friday 8:30am - 5:30pm
  • Saturday Closed

Other Services by State Employees Credit Union

Availability

  Available in 1 state
North Carolina
Availabile in all of North Carolina

Feature Breakdown

Minimum Opening Deposit Starting at $250
2-Year APY 0.40%
3-Year APY 0.50%
4-Year APY 0.50%
5-Year APY 0.55%
6-Month APY 0.30%
12-Month APY 0.35%
APY (Annual Percentage Yield) 0.30% - 0.55%
CD Accounts Traditional
Grace Period for Account Changes 7 days
Certificate Term
  • 6 months
  • 12 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years

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