RTN Federal Credit Union CD Rates

By: EconomyWatch Content Team   Date: 2 July 2010

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If you are shopping around for a bank to purchase a certificate of deposit (CD) with then stop for a moment and see what the RTN Federal Credit Union CD rates have to offer you. A certificate of deposit is an excellent type of investment and savings method. It will earn you more than you would earn with a traditional savings account and you will not have to worry about losing any of your principal. This is because CDs are not like stocks or bonds. They do not fluctuate with the markets at all. That makes a certificate of deposit a safe investment that is ideal for someone who does not like to take many chances with their money.

You can grow your money much faster at the RTN Federal Credit Union if you decide to invest some money in a high yielding credit union share savings certificate. Whether you wish to save for a short-term or long-term purchase, a share savings certificate is a perfect way to do just that. You can choose from terms that range from three months to 60 months. The dividends are paid as well as compounded on a monthly basis. You can purchase a share certificate for a minimum of $1,000. Premium rates are paid out on certificates that are composed of $50,000 or more. The funds in a saving certificate at RTN are insured by two organizations- the NCUA and the MSIC.

 If you decide that you wish to make a CD purchase it is necessary for you to become a member of the credit union first. The website explains how to do this. You are also required to keep a minimum balance of $25 in your Main Share account at all times to be eligible for the purchase.

Here are the current RTN Federal Credit Union CD Rates (as of June 29, 2010):

•    3 Months- APY of .75%, Dividend Rate of .75%
•    6 Months- APY of 1.00%, Dividend Rate of 1.00%
•    12 Months- APY of 1.20%, Dividend Rate of 1.19%
•    24 Months- APY of 1.70%, Dividend Rate of 1.69%
•    36 Months- APY of 2.00%, Dividend Rate of 1.98%
•    48 Months- APY of 2.30%, Dividend Rate of 2.28%
•    60 Months- APY of 2.30%, Dividend Rate of 2.28%

A certificate of deposit is a fantastic way to begin investing for your future. If you have not tried a CD on for size yet then you do not know what you are missing! You can browse the website found at http://www.rtn.org/ to learn more about the certificates the company sells
 


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