Chartway FCU CD Rates

By: EconomyWatch Content Team   Date: 13 July 2010

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Chartway FCU CD rates offer investments that are risk free, secure and stable. They are competitive with the CDs from other banks and credit unions. In fact they are the safest investments around because they are not affected whatsoever by the financial markets. When you invest in stocks, bonds or mutual funds you have to be concerned about losing your money if the markets take a downward spiral. This is not a worry with certificates of deposits because your principal is always safe.

If you wish to buy a certificate of deposit (CD) through the Chartway Federal Credit Union (FCU) then first you must become a member of the financial institution. To do so there is some information that you must provide to the credit union. They require your social security number, your home address, your work address, your driver’s license number and your account number. If you have lived at your present address for less than two years then you will need to provide your previous home address.

Chartway Federal Credit Union has been serving customers since the year 1959. As opposed to viewing its customers as customers Chartway likes to think of them as family members that deserve the very best. The financial institution has competitive rates and offers the highest quality products and services.

As long as there is a branch of Chartway FCU in the community you live in you can apply to become a member. If a member of your family is already a member of the credit union then this makes it easy for you to become one as well. It is your foot in the door! The same can be said if you work for any of the companies that extend benefits to employees of Chartway. There are as many as 750 companies that do just that.

Membership at Chartway is free. Once you become a member you then must open a prime share account with the credit union before you can open a certificate of deposit account. There is a selection of terms you can choose from. The shortest term CD is the six month one. If you decide to open this one then you must open it with a minimum deposit of $500.

Chartway CDs earn high dividends for the term that you choose. You can withdraw your money once it reaches the maturation date or else you can allow it to automatically renew itself. It all depends upon your financial goals. To learn more about Chartway FCU CD rates visit the website at http://www.chartway.com/.


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