Certificates of Deposit

A Certificate of Deposit (CD) is a savings certificate entitling the owner to receive interest, which is insured by the National Credit Union Administration (NCUA) for up to $250,000.  TelComm Credit Union’s CDs have an additional FREE layer of protection of $250,000 through Excess Share Insurance (ESI), offering our members a total of $500,000 in insurance on all TelComm Credit Union accounts.  No other financial institution in southwest Missouri offers both NCUA and ESI coverage on accounts.

A CD has a maturity date and a specific fixed interest rate of return.  A CD restricts the owner from withdrawing the funds “on demand.”  It is still possible to withdraw the money if needed, but this action will often incur a penalty if funds are withdrawn before the maturity date.

Looking for a safe, sure investment for your long-term needs? TelComm Credit Union’s CDs are perfect for building a sound nest egg.

    • Only a $1,000 minimum investment required
    • Interest compounded quarterly
    • Interest paid monthly or quarterly
    • 90-Day, 6 month, 1 and 2 year maturities available
    • Check our rates online—they’re updated every week!
    • You can monitor your funds online via the Internet Branch at www.TelCommCU.com or thru our TCU Mobile app
    • Click on this Certificate Calculator to determine the best option for you.

There are penalties for early withdrawal on Certificates of Deposit.  Fees may reduce earnings and also the principal.