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  Golden 1 CU Term-Savings Certificate Account
Golden 1 CU Term-Savings Certificate Account
in CD Accounts from The Golden 1 Credit Union · Insured by NCUA
Unaffiliated

Golden 1 CU Term-Savings Certificate Account

Unaffiliated
in CD Accounts from The Golden 1 Credit Union · Insured by NCUA
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Highlights
APY (Annual Percentage Yield) 0.2% - 1.0%
Minimum Opening Deposit Starting at $500
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 11 months
  • 12 months
  • 13 months
  • 15 months
  • 16 months
  • 18 months
  • 19 months
  • 2 years
  • 25 months
  • 27 months
  • 28 months
  • 30 months
  • 31 months
  • 3 years
  • 37 months
  • 39 months
  • 42 months
  • 43 months
  • 4 years
  • 49 months
  • 55 months
  • 58 months
  • 59 months
  • 5 years

Golden 1 CU Term-Savings Certificate Account Review

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

Key Takeaways

  • Only one share certificate type available. Golden1 CD only offers traditional share certificate accounts.
  • Very high annual percentage yield (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.

Pros & Cons of Golden 1 CU Term-Savings Certificate Account

Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • Only available in one state.
  • There isn't a no-penalty certificate option.
  • Does not offer an IRA CD.

Golden 1 CU Term-Savings Certificate Account FAQ

Are share certificates from The Golden 1 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 The Golden 1 Credit Union offer?

Golden1 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 The Golden 1 Credit Union offer on its share certificates?

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 share certificate after taking into account compounding.

What terms does Golden1 CD offer?

The Golden 1 Credit Union offers share certificate terms of the following lengths:
Golden 1 CU Term-Savings Certificate Account Rates & Terms
Description
APY (Annual Percentage Yield) 0.2% - 1.0%
3-Month APY 0.20% - 0.30%
6-Month APY 0.35% - 0.40%
11-Month APY 0.35% - 0.40%
12-Month APY 0.50% - 0.55%
2-Year APY 0.65% - 0.70%
3-Year APY 0.75% - 0.80%
4-Year APY 0.80% - 0.85%
5-Year APY 0.90% - 1.00%

What is the minimum deposit to open a share certificate account with The Golden 1 Credit Union?

Golden1 CD require 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 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 7-day 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 The Golden 1 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.

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

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Golden1 CD

A term savings certificate can help you reach your saving goals faster! You choose from available terms, all with a low minimum deposit. The longer the term, and the higher your deposit balance, the higher dividend rate you can earn! It's an excellent choice if you know how long you want to keep funds on deposit. Terms vary from 3 to 60 months. Dividends you earn each month can be added to the certificate balance or transferred to a different account without penalties. Federally insured by the NCUA. Contact us or visit any Golden 1 branch to apply.

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Opening Deposit Starting at $500
APY (Annual Percentage Yield) 0.2% - 1.0%
3-Month APY 0.20% - 0.30%
6-Month APY 0.35% - 0.40%
11-Month APY 0.35% - 0.40%
12-Month APY 0.50% - 0.55%
2-Year APY 0.65% - 0.70%
3-Year APY 0.75% - 0.80%
4-Year APY 0.80% - 0.85%
5-Year APY 0.90% - 1.00%
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 11 months
  • 12 months
  • 13 months
  • 15 months
  • 16 months
  • 18 months
  • 19 months
  • 2 years
  • 25 months
  • 27 months
  • 28 months
  • 30 months
  • 31 months
  • 3 years
  • 37 months
  • 39 months
  • 42 months
  • 43 months
  • 4 years
  • 49 months
  • 55 months
  • 58 months
  • 59 months
  • 5 years
CD Accounts Traditional
Grace Period for Account Changes 7 days

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