Do you have an extra $500+ that you won't need to use soon? A Certificate of Deposit (CD) is the perfect way to use your money knowing you'll be earning top dollar. A CD gives you an even better interest rate on your money than you would get in a savings account because we know that the money won’t be withdrawn for an extended period.
A certificate is a very safe investment. Even if you need to withdraw the money before you expect, you won’t lose any of the principal that you invested. Your CD is insured up to $250,000 by the NCUA.
A CD provides members with the opportunity to lock-in a fixed rate of return for a specified length of time. With CDs, you are guaranteed a competitive interest rate for the full term of the CD. Open a United Energy CD for as little as $500. Select the term, as few as 6 months or as long as 12 months, and watch your savings grow. If you are looking for a flexible and guaranteed investment at a competitive rate, a CD might be a great option for you. One way we thank United Energy members is in the form of great rates.
When you open a Certificate of Deposit with us, here’s what to expect:
The minimum deposit to open a CD is $500.
The interest is paid at maturity.
Options for investment terms are 6 months and 1 year.
Members can add to their CD at any time while keeping their original rate and term.
The rate at which the CD is issued will be guaranteed the entire term of the CD.
Provides the option for automatic renewal at maturity
Provides a 7 day grace period after maturity to allow for movement of the funds without early withdrawal penalty
There is a penalty associated with early withdrawal.
Your funds are insured by the NCUA up to $250,000.
Click here to check out our CD rates. If you have any questions, please feel free to contact us.