Pennsylvania Employees CU Certificate of Deposit

Unaffiliated

in CD Accounts from The Pennsylvania State Employees Credit Union · Insured by NCUA

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Highlights
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
APY (Annual Percentage Yield)	0.2% - 0.95%

Pennsylvania Employees CU Certificate of Deposit Review

Pennsylvania Employees CU Certificate of Deposit is offered by The Pennsylvania State Employees Credit Union, a credit union founded in 1997 and based in Harrisburg, PA. Pennsylvania Employees CU 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 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 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 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 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 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 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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Message From The Pennsylvania State Employees Credit Union

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.