A Certificate of Deposit (CD) is a convenient, simple tool for saving money you aren't going to need right away. It offers a specified interest rate and a specific maturity date, so you'll know exactly what to expect from your money. We offer a variety of basic CD options to accommodate your financial needs with some of the most competitive rates you will see anywhere and flexible terms from 3 to 60 months. We offer options to help you find the right CD to fit your savings goals.
Save Up CD
Our Save Up CD is perfect for new savers or current savers learning to save more. Save Up CDs require a low initial investment of just $500, which you can grow over time with additional deposits of $100 or more. You have 12 months to build up your savings at a great fixed rate — plenty of time to save without feeling like you're married to it.
Our Step-Up CD is good if you want to put a little more time into your CD — terms range from 18 months to 60 months with an initial $1,000 deposit. The unique part of a Step-Up CD is this: Step-Up CDs let you increase your rate one time to the rate currently in effect for this kind of CD — and you get to keep your original term.
Rate Mover CD
Our Rate Mover CD is ideal for those who want to make sure they have the ability to take advantage of future rate increases. The rate automatically adjusts every month based on the prime rate as published in The Wall Street Journal on the first day of the month. Rate Mover CDs require a minimum opening deposit of just $1,000 and allow additional deposits of at least $500. The adjusted rates cannot go below the opening rate and cannot adjust to more than two percentage points above the opening rate.
The Avadian CD Advantage
We also offer CD Specials at various times during the year, so keep an eye on our rates to know if it's a good time to step up your savings. (It's always a good time, but some times are better than others.) Just pick your product, name your terms, and get started saving.
You can always feel confident knowing your investments are safe with us. The credit union is federally insured by the National Credit Union Administration. Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.