Share Certificates (CDs)
With Share Certificates (CDs) from Eastex Credit Union, members can lock in a fixed dividend rate for a specific period, providing stable, predictable returns.
Share Certificate (CDs) benefits include:
- Fixed rates that remain consistent throughout the term
- Secure, steady savings growth
- Flexible term options to fit your goals
- Insured protection for peace of mind
Share Certificates are a popular choice for local members looking to grow their savings with minimal risk, whether you’re saving for a future purchase, planning ahead, or diversifying your financial strategy.
Frequently Asked Questions
A Share Certificate (CD) is a savings option that lets you lock in a fixed dividend rate for a specific period, helping you earn predictable returns on your money.
When you open a Share Certificates (CD), you agree to keep your money deposited for a set term. In return, you earn a fixed rate that won’t change during that time.
Share Certificates (CDs) are a great option for savers who want:
- Stable, predictable growth
- A low-risk savings strategy
- To set aside funds for a future goal
Share Certificate (CD) terms can vary, commonly ranging from a few months to several years, allowing you to choose a timeline that fits your financial goals.
Yes, but early withdrawals will result in a penalty, which could reduce your earnings. It’s best to choose a term you’re comfortable committing to.
The penalty schedule is as follows: Terms of 6 months or less, 30 days' dividends. Terms of 12 months, 90 days' dividends. Terms of 18-24 months, 180 days' dividends. Terms of 36 months or longer, 360 days' dividends.
Yes. One of the main benefits of a Share Certificate (CD) is that your rate stays the same for the entire term, even if market rates change.
Yes. Share Certificates (CDs) are insured by American Share Insurance (ASI) up to applicable limits, making them a secure savings option.
Dividends are typically compounded and credited quarterly, depending on the terms of the Share Certificate (CD).
At the end of the term, you can:
- Withdraw your funds
- Renew into a new Share Certificate (CD)
- Transfer the money to another account
To open a Share Certificate (CD) with Eastex Credit Union, a minimum initial deposit of $500 is required. This amount allows your account to start earning dividends and ensures you can take full advantage of its benefits and features.
For members looking to maximize their earnings or access higher-tier dividend rates, larger deposits may provide additional growth opportunities. Our team is happy to help you determine the best deposit amount to meet your savings goals.
You can open a Share Certificate (CD) at a local branch.