Certificates of Deposit
Set your money aside for a fixed amount of time so you can maximize your gains.
Benefits of Credit Union CDs
Choose a Certificate of Deposit (CD) term of three months to five years – the longer you save, the more you’ll earn!
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Excellent Rates
Credit unions can offer higher returns on CDs because of our status as a not-for-profit.
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Great Dividends
Each month, you earn interest on your deposit plus we pay you dividends on your interest.
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Step-Up Options
Our two-year CDs offer an option to bump up your APY twice with the same maturity date.
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Youth Accounts
As a parent or guardian, you can open a CD on your child’s behalf so they can learn about investing.
Details About Certificates of Deposit From Baton Rouge Telco
A certificate of deposit (CD) is a great choice when you have a sum of money to leave alone and let grow.
- The annual percentage yield (APY) and dividend rate are higher than regular savings.
- The minimum opening balance is $500.
- The minimum balance to earn dividends is $500.
- Terms range from three months to five years.
- Two-year terms and up offer a step-up option, where your rate can jump twice before maturity.
- Dividends are compounded so you’re paid interest on your deposit plus earned interest.
- Parents can open a CD on their child’s behalf.
The more you deposit and the longer your term, the more your savings will grow!
|
Term |
Min. Opening Balance |
Min. Balance to Earn Dividends |
Rate |
APY* |
|---|---|---|---|---|
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*APY = Annual Percentage Yield. Dividend rates are subject to change without notice. Dividends are posted monthly based on the daily balance and compounded monthly. Baton Rouge Telco Federal Credit Union Share Certificate rates are variable rate accounts and are subject to change at any time. Rates are not guaranteed. Penalties for early withdrawals may apply. |
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Term 3 months |
Min. Opening Balance $500 |
Min. Balance to Earn Dividends $500 |
Rate 3.445% |
APY* 3.50% |
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Term 6 months |
Min. Opening Balance $500 |
Min. Balance to Earn Dividends $500 |
Rate 3.928% |
APY* 4.00% |
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Term 1 year |
Min. Opening Balance $500 |
Min. Balance to Earn Dividends $500 |
Rate 4.169% |
APY* 4.25% |
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Term 2 years |
Min. Opening Balance $500 |
Min. Balance to Earn Dividends $500 |
Rate 4.410% |
APY* 4.50% |
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Term 3 years |
Min. Opening Balance $500 |
Min. Balance to Earn Dividends $500 |
Rate 3.445% |
APY* 3.50% |
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Term 4 years |
Min. Opening Balance $500 |
Min. Balance to Earn Dividends $500 |
Rate 3.687% |
APY* 3.75% |
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Term 5 years |
Min. Opening Balance $500 |
Min. Balance to Earn Dividends $500 |
Rate 3.928% |
APY* 4.00% |
The Application Process for a Credit Union CD Is Simple
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Step 1
Apply Online Let us know if you’re an existing member of the credit union, or you can easily sign up.
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Step 2
Make Your Deposit You need to deposit at least $500 into your CD account to take advantage of the great rates.
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Step 3
Choose Your Term Select a term between 3 months and 5 five years then sit back and watch your funds grow!
Thomas S., Baton Rouge, LAEasy and positive experience. They stayed in touch keeping me updated throughout the process. I’m very pleased. Thank you.
See How Much You Can Earn With Your Certificate of Deposit
Calculate your Gains
FAQ About Credit Union CDs
A certificate of deposit is a savings option where you deposit a certain amount of funds for a fixed amount of time. CDs earn higher rates than regular savings accounts because you agree to leave the funds untouched for the entire term.
You can choose a term of three months to five years and longer terms earn higher yields. The end of the term is called the maturation date.
Yes, credit union CDs are designed to help you achieve your long-term savings goals, so there’s a fee for early withdrawal.
Dividends are paid monthly to your certificate account on the last day of the month when they are compounded. Alternatively, your dividends can be transferred monthly to another share savings account of your choosing.
Compounded dividends mean you earn interest on your deposited funds – and then you also earn interest on that interest. So your savings get an extra boost!
We no longer offer the option for members to receive a paper check for dividend payments. All dividends will be electronically deposited into your designated account.
Your certificate matures when you reach the end of your term. At that time, it will automatically renew for the same term at the new APY if we are not notified in advance that you wish to withdraw your funds.
At the maturation date, you have a 10-day grace period to close your certificate, withdraw funds, or transfer to a new certificate. This can be done by phone, in person, or by secure chat.
Yes, as a parent or guardian, you may open a CD in your child or teen’s name. The adult needs to be a member of Baton Rouge Telco to open the youth account.
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Premier Interest Checking
Not looking to tie up funds but want a high yield? Our Premier Interest Checking might be a better fit.
Money Market
Maybe you just want a simple savings for higher balances without a term. We get it.
Ready to get started?
National Credit Union Shares Insurance Fund (NCUSIF)
Your money is safe and secure at Baton Rouge Telco Federal Credit Union with savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government through the National Credit Union Administration (NCUA).
To see how your funds are insured, you can visit the NCUA Share Insurance Calculator.
