State Employees' Credit Union offers members the opportunity to
earn interest on their savings at a higher rate with share term certificates,
also known as a CD or certificate of deposit.
Features
Current interest rates
$250 minimum opening deposit
Maturity periods of 6, 12, 18, 24, 30, 36, 48, and 60 months
Interest rate fixed for the duration of the certificate
Interest accrues daily, but not compounded
Earned interest automatically transfers monthly to another deposit account2
No service charge
Funds may be used as collateral for SECU loans only
Automatically renews at the current rate at maturity unless otherwise requested
Fee for early cancellations is 90 days interest or all interest earned, whichever is less
1 Quoted rates and annual percentage yields (APY) are subject to change daily.
2 On 6 and 12-month certificates, members can
request that, at maturity, earned interest be transferred or added to principal
for renewal.
