Teachers Federal Credit Union Share Certificate Review

Teachers Federal Credit Union Share Certificate is offered by Teachers Federal Credit Union, a credit union founded in 1974 and based in Hauppauge, NY. Teachers Federal Credit Union Share Certificate is available in 50 states (and Washington, DC).

Are cd accounts from Teachers Federal Credit Union federally insured?

Yes, your Teachers 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 Teachers Federal Credit Union offer?

• IRA
• Jumbo
• Traditional

What APY does Teachers Federal Credit Union offer on its CDs?

Teachers Federal Credit Union Share Certificate offers an APY starting at 0.35% and ranging up to 0.85% (APY stands for annual percentage yield, rates may change).

What is the minimum deposit to open a CD account with Teachers Federal Credit Union?

Teachers Federal Credit Union Share Certificate requires a minimum initial deposit of $1,000 to open an account.

What types of early withdrawal penalties does Teachers Federal Credit Union Share Certificate charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

Teachers Federal Credit Union does not charge an early withdrawal fee.