Certificates of Deposit (CDs)

Want to start investing but not sure where to start? We’ve got you. We’ll help you invest for the short term with certificates of deposit (CDs). Term share CDs enable you to lock in a dividend rate your investment will earn. Maturity dates range from 6 months to 5 years, with annual percentage yields that increase with the range.

That means…you can plan the use of your funds, knowing that they earn a highly competitive rate of interest.

You choose how long you want your money to stay put, and you can withdraw your money at the end of that period. The longer term you choose, the higher your interest rate will be. Please note that this account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity. See below for more details.

All term share CDs are insured by the National Credit Union Share Insurance Fund (NCUA), with supplemental coverage provided by the Massachusetts Share Insurance Corporation (MSIC).

Dividends on all term share certificates are compounded daily and posted monthly.

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Automatically Renewable Account

This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. If you prevent renewal, your funds will be placed in a dividend-bearing account. You will have a grace period of ten calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty.

Bylaw Requirements

Your Southbridge Credit Union membership is established by a prime share savings account with a $5.00 minimum balance. Once you’re a member, you can establish as many CDs and/or IRA accounts as you’d like. Read Full Disclosure.