Addison Avenue FCU CD Rates

If you are looking for the absolute best in CD rates then look no further than the Addison Avenue FCU CD rates! A certificate of deposit is very similar to a savings account in that you place a particular amount of money into an account. It differs however in that you can only open it if you place specific funds into it, as per what the bank requires. At the Addison Avenue Federal Credit Union (FCU) you can open a CD account with $500. You can open it with larger amounts but for those with only a small amount of money to invest this is an excellent starting point.

If you are looking for the absolute best in CD rates then look no further than the Addison Avenue FCU CD rates! A certificate of deposit is very similar to a savings account in that you place a particular amount of money into an account. It differs however in that you can only open it if you place specific funds into it, as per what the bank requires. At the Addison Avenue Federal Credit Union (FCU) you can open a CD account with $500. You can open it with larger amounts but for those with only a small amount of money to invest this is an excellent starting point.

Another difference is that you do not have access to the money in the CD for the length of the term. The terms at this credit union are very flexible. You can choose a three month term, a six month term, a one year term and upwards. The longest term available is 60 months.

Still another difference which is often one of the greatest benefits of a certificate of deposit over a savings account is that the interest earned is much greater. A CD is a form of savings but also an investment whereas a savings account is just a form of savings and not considered a type of investment.

The Addison Avenue FCU CD rates are fixed rates which mean that the rate you have when you open the account remains the same for the entire term of the account. If rates drop yours will remain the same. The longer you decide to keep the CD account the more interest you will earn. There is complete safety involved in opening a CD at Addison Avenue. This reason this is so is because a CD is not like a stock and as such  is not affected whatsoever by the ups and down of the financial market.

Plus certificates are the name given to certificates of deposit at the Addison Avenue FCU. If you wish you can reinvest the interest you are earning on your CD account or you can withdraw it for whatever purpose you require. Once the maturation date arrives you can take your money out or you can choose to use it to open a new certificate of deposit. Withdrawing your money early from the CD account however is not a smart move. You will have to pay a penalty if you do this. It could be as much as up to six months of your interest earnings.

Find out more about Addison Avenue Federal Credit Union CD rates. Or visit bank website at http://addisonavenue.com/.