Last Updated: 04/18/2025
USPS Federal Credit Union Young Saver's Certificates
Unaffiliated
in CD Accounts from USPS Federal Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
3.90% - 4.80%(Verified 06/21/2024)
Minimum Opening Deposit
$1
Certificate Term
- 12 months
- 3 years
USPS Federal Credit Union Young Saver's Certificates Review
USPS Federal Credit Union Young Saver's Certificates are offered by USPS Federal Credit Union, a credit union founded in 1934 and based in Clinton, MD. USPS Federal Credit Union Young Saver's Certificates are available in 50 states and Washington, DC.
Key Takeaways
- Only one share certificate type available. USPS Federal Credit Union Young Saver's Certificates only offers traditional share certificate accounts.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.80%, which is much higher than the national average for a certificate account.
- Small minimum initial deposit. You only need $1.00 to open an account.
- Limited selection of share certificate terms. USPS Federal Credit Union Young Saver's Certificates only offers two share certificate terms. This limits your options when trying to set up a certificate ladder.
Pros & Cons of USPS Federal Credit Union Young Saver's Certificates
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USPS Federal Credit Union Young Saver's Certificates FAQ
Are share certificates from USPS 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 USPS Federal Credit Union offer?
USPS Federal Credit Union Young Saver's Certificates 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 USPS Federal Credit Union offer on its share certificates?
USPS Federal Credit Union Young Saver's Certificates offers an APY starting at 3.90% and ranging up to 4.80%. APY stands for annual percentage yield and shows the interest rate paid by the share certificate after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.
What terms does USPS Federal Credit Union Young Saver's Certificates offer?
USPS Federal Credit Union offers share certificate terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
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| 12-Month APY | 4.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 3.90% - 4.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 3.90% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a share certificate account with USPS Federal Credit Union?
USPS Federal Credit Union Young Saver's Certificates require a minimum deposit of $1.00 to open an account.
What is the grace period for USPS Federal Credit Union Young Saver's Certificates?
USPS Federal Credit Union Young Saver's Certificates does not specify what their grace period is. 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 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 USPS 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.
USPS Federal Credit Union charges an early withdrawal fee.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 2:30PM
Tuesday
8:30AM - 2:30PM
Wednesday
8:30AM - 2:30PM
Thursday
8:30AM - 2:30PM
Friday
8:30AM - 2:30PM
Saturday
Closed