Certificate Accounts
Don't need the temptation of being able to spend your savings? Want to earn more in dividends while keeping your money safe? A certificate of deposit account at a high yield savings rate can help boost the growth of savings you don't immediately need. Watch Your Investment Soar!
Open A Certificate Of Deposit Today!^
To open a Certificate of Deposit over $1,000, visit one of our branches
A certificate of deposit (known also as a share certificate) is a savings certificate with a fixed maturity date. It requires the initial deposit amount to remain for the term of the certificate and is federally insured by NCUA.
- Term options from 6 to 60 months
- Competitive dividend rates
- APY increases at higher balance amounts or longer term
- A penalty will be charged for early withdrawal*
Already applied? Check Status
To open a certificate of deposit in-person, schedule an in-branch appointment.
For the savings goals you wish to reach,
Certificate of Deposits are a smart, low-risk method of reaching them.
Orlando Credit Union can help you understand certificates and how to use them to reach your savings goals.
Certificate of Deposit Rates And Terms
Check out our other certificate of deposit rates.
*Rates are effective as of 10/1/2024. Rates are fixed for the term of the Certificate. Certificates will automatically be renewed at the rate in effect upon maturity. We will impose a penalty if you withdraw any of the principal balance in your account before the maturity date. The amount of the early withdrawal penalty is based on the term of the account. The amount of these penalties are as follows: Terms of 6 months or less lose 90 days’ worth of dividends; and terms greater than 6 months lose 180 days’ worth of dividends. The penalty is calculated as a forfeiture of part of the dividend that has been or would be earned on the amount withdrawn. If the account has not yet earned enough dividends or the dividend has already been paid, the penalty will be deducted from the principal. The Annual Percentage Yield disclosed is based on an assumption that dividends will remain in the account until maturity; a withdrawal will reduce earnings. Fees and penalties can reduce earnings on the account. Rates subject to change without notice.
**APY=Annual Percentage Yield as of 10/1/24. Minimum opening deposit is $1,000. After the initial term, the 7-month certificate will automatically renew to the 6-month certificate, earning the then current APY offered at the time of renewal. Rates subject to change without notice. Penalties apply for early withdrawals. Fees and penalties could reduce earnings.
