CDs & IRAs

CDs & IRAs

Want to start investing but not sure where to start?

We’ll help you to invest for the long and short term with certificates of deposit (CDs) and individual retirement accounts (IRAs) from Southbridge Credit Union.

Term share CDs enable you to lock in a dividend rate your investment earns. Maturity dates range from 6 months to 5 years, with appropriately increasing annual percentage yields. You can plan the use of your funds, knowing that they earn an attractive, highly competitive rate of interest.

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.

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.

Listed below are the current rates for our CDs and IRAs along with minimum deposit requirements for the accounts. We’d be happy to help you with any questions or to open an account.

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.

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