Want your money to earn you money? With a Certificate of Deposit you can do just that!
TelComm Credit Union offers Certificates of Deposit (CDs) to help members in the Springfield, Missouri area earn a guaranteed return on their savings over a set period of time. CDs offer a fixed dividend rate for a specific term, making them a low-risk option for members who want to grow their money without market volatility. TelComm CDs are federally insured and available in a range of term lengths to fit your savings goals.
View all our CD rates here or stop by any of our 6 locations today!
A Certificate of Deposit (CD) is an interest-bearing savings certificate entitling the owner to earn interest. Each CD has a maturity date and a specific, fixed interest rate of return.
Unlike a savings account, a CD is not structured for “on demand” withdrawals. While the funds can be accessed ahead of the maturity date if necessary, doing so will often incur a penalty.
CDs are a smart option for members looking for a safe, long-term investment. TelComm Credit Union’s CDs are perfect for building a sound nest egg.
- Only a $1,000 minimum investment required
- Interest compounded monthly
- Interest paid monthly
- 90-Day, 6 month, 9 month, 1 year, 18 month, 2 year, 3 year, and 5 year maturities available
- TelComm Credit Union offers up to $1,000,000 in account insurance coverage through combined National Credit Union Administration (NCUA) and Excess Share Insurance (ESI) protection at no cost to you.
- Check our CD rates online—they’re updated every week!
- You can monitor your funds via the TCU Virtual Branch at TelCommCU.com or through our TelComm Mobile app
There are penalties for early withdrawal on Certificates of Deposit. Fees may reduce earnings and also the principal.
