A share certificate from the?CommonWealth One Federal Credit Union?is a great investment for depositors who want to invest for the future while getting higher?certificate of deposit rates, locked in for a specific period. The Washington, D.C. financial not-for-profit?s 24-month CD rate of 0.80% APY helps members save the right way for any goal in mind.
24-Month Certificate of Deposit Terms and Conditions
With competitive certificate of deposit rates that stay competitive over the CD?s life, a $1,000 minimum deposit is required to open a 2-year certificate at CommonWealth One Federal Credit Union. Credit union members interested in applying for a loan through the financial institution are also in luck ? dividends accrued through interest on their CDs can be used as collateral.
All CD deposits of any amount, up to $250,000, are also federally insured by the National Credit Union Administration.
About CommonWealth One Federal Credit Union
CommonWealth One Federal Credit Union was chartered in 1944 as Army Air Force Annex #1 Credit Union, with just 94 members and an all-volunteer staff. Since those humble beginnings, this respected banking provider has grown to become a full-service financial institution, with over 36,000 members and almost $290 million in assets, and with branch?locations in Northern Virginia, Washington, DC and Harrisonburg, VA.Other Terms and Conditions may apply. Additionally, interest rates are based on the institution?s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.
Source: http://www.gobankingrates.com/cd-rates/2-year-cd/commonwealth-one-federal-credit-union-0-80-apy/
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