Certificates of Deposit (CDs) A Safe And Sure Investment
A Certificate of Deposit is similar to a regular share (savings) account. The major difference is that you agree to keep a pre-determined amount of money in the CD Account for a specified time. In exchange for agreeing to keep your money in the account for the term of the certificate, you are guaranteed the higher interest yield.
There are two types of CDs - regular and Individual Retirement Account (IRA). Each has different terms and conditions. Both are subject to penalties for early redemption. IRA CDs have other restrictions.
The best thing about ABCO Federal Credit Union CDs is that they are fully insured up to $500,000 for regular CDs (an additional amount for IRA CDs) and have a guaranteed rate of return.
Large CD investors
Have a large IRA or Regular CD coming due? Contact us before you automatically rollover. You will find our rates and terms very competitive.
