Golden 1 Credit Union Term-Savings Certificate Account Review

Golden 1 Credit Union Term-Savings Certificate Account is offered by The Golden 1 Credit Union, a credit union founded in 1990 and based in Sacramento, CA. Golden 1 Credit Union Term-Savings Certificate Account is available in 1 state across the USA.

• Only one CD account type available. Golden1 CD only offers traditional CD accounts.
• Very high APY. This account offers an annual percentage yield of up to 1.0%, which is much higher than the national average for a certificate account.
• $500 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
• Wide selection of certificate terms. Golden1 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.

Are cd accounts from The Golden 1 Credit Union federally insured?

Yes, your The Golden 1 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 The Golden 1 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.

What CD rates does The Golden 1 Credit Union offer on its CDs?

Golden1 CD offers an APY starting at 0.2% and ranging up to 1.0%. 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 The Golden 1 Credit Union?

Golden1 CD requires a minimum deposit of $500 to open an account.

What is the grace period for Golden1 CD?

There is a 7-day grace period for Golden1 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 Golden1 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.

The Golden 1 Credit Union does not charge an early withdrawal fee.