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  Pennsylvania State Employees Credit Union Certificate of Deposit

Pennsylvania State Employees Credit Union Certificate of Deposit

in CD Accounts from The Pennsylvania State Employees Credit Union · Member ncua

Unaffiliated

Pennsylvania State Employees Credit Union Certificate of Deposit

Unaffiliated

in CD Accounts from The Pennsylvania State Employees Credit Union · Member NCUSIF

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Highlights
Minimum Opening Deposit Starting at $500
Deposit Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.2% - 0.95%

Pennsylvania State Employees Credit Union Certificate of Deposit Review

Pennsylvania State Employees Credit Union Certificate of Deposit is offered by The Pennsylvania State Employees Credit Union, a credit union founded in 1997 and based in Harrisburg, PA. Pennsylvania State Employees Credit Union Certificate of Deposit is available in 1 state across the USA.

Key Takeaways
  • Small selection of CD account types. PSECU CD only offers traditional and IRA CDs.
  • Very high APY. This account offers an annual percentage yield of up to 0.95%, which is much higher than the national average for a CD account.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
  • Wide selection of CD terms. PSECU CD allows you to create a CD ladder by spreading your cash across certificates of deposit with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Pennsylvania State Employees Credit Union Certificate of Deposit
Pros Cons
  • NCUSIF insured.
  • Multiple CD terms available.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • Only available in one state.
  • There isn't a no-penalty CD option.
Pennsylvania State Employees Credit Union Certificate of Deposit FAQ

Are cd accounts from The Pennsylvania State Employees Credit Union federally insured?

Yes, your The Pennsylvania State Employees 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 The Pennsylvania State Employees Credit Union offer?

PSECU 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.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but PSECU CD offers a CD that is specifically for retirement.

What CD rates does The Pennsylvania State Employees Credit Union offer on its CDs?

PSECU CD offers an APY starting at 0.2% and ranging up to 0.95%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does PSECU CD offer?

The Pennsylvania State Employees Credit Union offers CD terms of the following lengths:
Pennsylvania State Employees Credit Union Certificate of Deposit Rates & Terms
Description
2-Year APY 0.6%
3-Month APY 0.2%
3-Year APY 0.7%
4-Year APY 0.85%
5-Year APY 0.95%
6-Month APY 0.25%
12-Month APY 0.45%
APY (Annual Percentage Yield) 0.2% - 0.95%

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

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

What is the grace period for PSECU CD?

There is a 10-day grace period for PSECU 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 10-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 PSECU 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 Pennsylvania State Employees Credit Union does not charge an early withdrawal fee.

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Contact

  • Headquarters
  •   1 Credit Union Pl
    Harrisburg, PA 17110
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 7:30am - 4:30pm
  • Tuesday 8:00am - 4:00pm
  • Wednesday 8:00am - 4:00pm
  • Thursday 8:00am - 4:00pm
  • Friday 7:30am - 4:30pm
  • Saturday Closed

Other Services by The Pennsylvania State Employees Credit Union

Availability

  Available in 1 state
Pennsylvania
Availabile in all of Pennsylvania

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.6%
3-Month APY 0.2%
3-Year APY 0.7%
4-Year APY 0.85%
5-Year APY 0.95%
6-Month APY 0.25%
12-Month APY 0.45%
APY (Annual Percentage Yield) 0.2% - 0.95%
CD Accounts
  • IRA
  • Traditional
Grace Period for Account Changes 10 days
Deposit Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

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