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  Pennsylvania Employees CU Certificate of Deposit
Pennsylvania Employees CU Certificate of Deposit
in CD Accounts from The Pennsylvania State Employees CU · Insured by NCUA
Unaffiliated

Pennsylvania Employees CU Certificate of Deposit

Unaffiliated
in CD Accounts from The Pennsylvania State Employees CU · Insured by NCUA
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Highlights
APY (Annual Percentage Yield) 0.2% - 0.95%
Minimum Opening Deposit Starting at $500
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

Pennsylvania Employees CU Certificate of Deposit Review

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

Key Takeaways

  • Small selection of CD account types. PSECU CD only offers IRA and traditional CDs.
  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.95%, 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. PSECU 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 Pennsylvania Employees CU Certificate of Deposit

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.

Pennsylvania Employees CU Certificate of Deposit FAQ

Are share certificates from The Pennsylvania State Employees CU 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 Pennsylvania State Employees CU offer?

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

What rates does The Pennsylvania State Employees CU offer on its share certificates?

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 share certificate after taking into account compounding.

What terms does PSECU CD offer?

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

What is the minimum deposit to open a share certificate account with The Pennsylvania State Employees CU?

PSECU CD require 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 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 10-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 Pennsylvania State Employees CU 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 Pennsylvania State Employees CU does not charge an early withdrawal fee.

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Message From PSECU CD

PSECU offers its members a safe and easy way to invest their money. Whether you are looking for a short or long-term investment, PSECU has a certificate that will work toward helping you reach your financial goals. 

A credit union certificate is the equivalent of a bank Certificate of Deposit (CD). It’s a smart option if you don’t need instant access to your money and want to earn higher dividends (interest) on your money than you can with a savings account. A certificate’s guaranteed rate of return makes it easier to estimate your money’s growth. Your certificates are federally insured by the National Credit Union Administration (NCUA) up to a $250,000. Open with as little as $500. You’ll accrue dividends for a set period of time, or “term.” When your term is up, you can withdraw your money and earnings. Otherwise, you can renew your certificate at current rates.

Contact

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 CU

Availability

  Available in 1 state
Pennsylvania
Availabile in all of Pennsylvania

Feature Breakdown

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

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