Last Updated: 04/18/2025
United Nations FCU Flex Rate Certificate
Unaffiliated
in CD Accounts from United Nations FCU
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.4%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $500
Certificate Term
30 months
United Nations FCU Flex Rate Certificate Review
United Nations FCU Flex Rate Certificate are offered by United Nations FCU, a credit union founded in 1947 and based in Long Island City, NY. United Nations FCU Flex Rate Certificate are available in 50 states and Washington, DC.
Key Takeaways
- Small selection of CD account types. United Nations FCU Flex Rate Certificate only offers bump up and traditional CDs.
- Low APY. The maximum annual percentage yield for this account is only 0.4%.
- $500 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
- Limited selection of share certificate terms. United Nations FCU Flex Rate Certificate only offers one share certificate term. This limits your options when trying to set up a certificate ladder.
Pros & Cons of United Nations FCU Flex Rate Certificate
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United Nations FCU Flex Rate Certificate FAQ
Are share certificates from United Nations FCU 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 United Nations FCU offer?
United Nations FCU Flex Rate Certificate 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.
- Bump-up share certificates. Bump-up share certificates allow you to increase the interest rate you earn on your savings if the going interest rates rise. These share certificates are useful in a changing interest rate environment.
What rates does United Nations FCU offer on its share certificates?
The share certificate rates for this account have an APY of0.4% (APY stands for annual percentage yield, rates may change).
What terms does United Nations FCU Flex Rate Certificate offer?
United Nations FCU offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term | 30 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with United Nations FCU?
United Nations FCU Flex Rate Certificate require a minimum deposit of $500 to open an account.
What is the grace period for United Nations FCU Flex Rate Certificate?
There is a 10-day grace period for United Nations FCU Flex Rate Certificate. 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 United Nations FCU 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.
United Nations FCU charges an early withdrawal fee.
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Message from United Nations FCU Flex Rate Certificate
Hours of Operation
Sunday
Closed
Monday
9:00AM - 3:00PM
Tuesday
9:00AM - 3:00PM
Wednesday
9:00AM - 3:00PM
Thursday
9:00AM - 3:00PM
Friday
9:00AM - 3:00PM
Saturday
Closed