CD Accounts
2 more
Last Updated: 04/18/2025
Traverse Catholic FCU 12 Month Certificate Special
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rateExplore a similar product
Try this top product in CD Accounts
Barclays CD
Strongly recommended24 reviews
Compare All CD Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
Up to 4.34%(Verified 06/21/2024)
Minimum Opening Deposit
$500
Certificate Term
12 months
Traverse Catholic FCU 12 Month Certificate Special Review
Traverse Catholic FCU 12 Month Certificate Special are offered by Traverse Catholic Federal Credit Union, a credit union founded in 1950 and based in Traverse City, MI. Traverse Catholic FCU 12 Month Certificate Special are available in 50 states and Washington, DC.
Key Takeaways
- Only one share certificate type available. Traverse Catholic FCU 12 Month Certificate Special only offers traditional share certificate accounts.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.34%, which is much higher than the national average for a certificate account.
- $500.00 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
- Limited selection of share certificate terms. Traverse Catholic FCU 12 Month Certificate Special only offers one share certificate term. This limits your options when trying to set up a certificate ladder.
Pros & Cons of Traverse Catholic FCU 12 Month Certificate Special
| Pros | Cons |
|
|
Traverse Catholic FCU 12 Month Certificate Special FAQ
Are share certificates from Traverse Catholic Federal 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 Traverse Catholic Federal Credit Union offer?
Traverse Catholic FCU 12 Month Certificate Special 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 Traverse Catholic Federal Credit Union offer on its share certificates?
What terms does Traverse Catholic FCU 12 Month Certificate Special offer?
Traverse Catholic Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term | 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | Up to 4.34% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | Up to 4.34% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with Traverse Catholic Federal Credit Union?
Traverse Catholic FCU 12 Month Certificate Special require a minimum deposit of $500.00 to open an account.
What is the grace period for Traverse Catholic FCU 12 Month Certificate Special?
There is a 30-day grace period for Traverse Catholic FCU 12 Month Certificate Special. 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 30-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 Traverse Catholic Federal 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.
Traverse Catholic Federal Credit Union charges an early withdrawal fee.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 6:00PM
Saturday
Closed
Other Services by Traverse Catholic Federal Credit Union
Other CD Accounts from Traverse Catholic Federal Credit Union
Rating not yet determined
APY (Annual Percentage Yield)
Up to 4.60%
Minimum Opening Deposit
$500
Certificate Term
6 months
Rating not yet determined
APY (Annual Percentage Yield)
0.60% - 1.77%
Disclaimer popup with additional information
Minimum Opening Deposit
$500
Certificate Term
- 6 months
- 12 months
- 2 years
- 3 years
- 4 years
- 5 years
Rating not yet determined
APY (Annual Percentage Yield)
0.60% - 1.77%
Disclaimer popup with additional information
Minimum Opening Deposit
$500
Certificate Term
- 6 months
- 12 months
- 2 years
- 3 years
- 4 years
- 5 years
SuperMoney Net Recommendation Score
This product has no reviews yet. Help others by sharing your thoughts.
0
-1000+100
No one recommends
Everyone recommends
Traverse Catholic FCU 12 Month Certificate Special Community Reviews
Would you recommend Traverse Catholic FCU 12 Month Certificate Special to your friends?
There are currently no reviews.
You might also like
Best CD Rates
SuperMoney
Checking vs. Savings Account: Which Do You Need?
Andrew Latham
APR vs. APY: What's the Difference?
Bryce Sanders
Where Is a Savings Bond Serial Number?
Emily Africa