Consumers Credit Union CD Rates

Have you decided that the time has come for you to start investing your money? If you are ready to do that then you open up a door to bringing more money into your life. This is a very good decision you have made!

Have you decided that the time has come for you to start investing your money? If you are ready to do that then you open up a door to bringing more money into your life. This is a very good decision you have made!

A certificate of deposit is a good investment tool for anyone. Many seasoned investors that have graduated to more sophisticated and riskier investment still like to have a few CDs in their portfolios to round them out. If you take the time to look at the Consumers Credit Union CD rates you will find that you can open either a CD account or a CD IRA account. There is also a youth investment product called a Dollar Dog CD that has terms that range from 12 months to 60 months and can be opened with as little as $100. You might also want to open a money market account. Peruse each type of account either by going to the branch, calling and talking with someone or visiting the website.

All of the CDs at the Consumers Credit Union offer above-market interest rates. They also feature a selection of terms. Examples of these range from six months to five years. The minimum opening balance for most certificates of deposit is $1,000. On occasion the credit union also offers promotional CDs that have special terms and rates.

The Consumers Credit Union operates in West Michigan and at present has over 33,000 members. Often thought of as America’s number one credit union, it offers plenty of beneficial financial products and services to all of its customers. In order to open a CD account (or any type of account for that matter) at Consumers Credit Union you must first become a member. You can do this via the simple and convenient online form or by visiting any branch of the CCU.

Here are the current Consumers Credit Union CD rates:

•    6 Month Term- APR of 0 .41%, APY of 0.41%
•    12 Month Term- APR of 0.80%, APY of 0.80%
•    24 Month Term- APR of 1.44%, APY of 1.45%
•    36 Month Term- APR of 1.50%, APY of 1.51%
•    60 Month Term- APR of 2.37%, APY of 2.40%
•    Dollar Dog CD- APR of 1.54%, APY of 1.55%

For those unfamiliar with the acronyms APR and APY, the former stands for Annual Percentage Rate (in other words, interest rate) while the latter stands for Annual Percentage Yield.

To learn more about the Consumers Credit Union CD rates visit the website found at http://www.consumerscu.org/.