Certificate of Deposit Special

Start earning on new money with only $500!

Our current CD rates are already amazing, but now they're even more accessible! You only need $500 to open a Certificate of Deposit where your money can grow securely. Contact a CSCU representative today about your next Certificate of Deposit Account.

KEY FEATURES

Guaranteed Returns

lock in a great rate

Flexibility

adjust anytime before end of term

Safety & Security

rest while your money works for you

best cd rates in texas? be on the lookout for good cd rates.

Save & Earn More with a Certificate of Deposit

CSCU Certificates of Deposit (CDs) provide a secure way to grow your savings with guaranteed returns. Ideal for those looking to secure their financial future, our CDs offer higher interest rates than regular savings accounts.

Key Features of CSCU Certificates of Deposit

How to Open a Certificate of Deposit

  1. Choose Your Term: Select a CD term.
  2. Fund Your CD: Minimum deposit of $500.
  3. Enjoy Growth: Earn with a fixed, competitive rate.

Why CSCU?

Join CSCU for community-focused, reliable financial products for those doing life in Walker, San Jacinto, Trinity, Houston, Madison, and Grimes County, Texas. Achieve your savings goals with our secure, high-yield CDs.

Add a Certificate Today

Certificate of Deposit Rates

Effective May 1, 2024

Term Amount to Open APY*
6 Months $500.003.35%
12 Months $500.005.00%
24 Months $500.003.35%
36 Months $500.003.35%
46 Months $500.003.35%
60 Months $500.003.30%

Term

6 Months

Amount to Open

$500.00

APY*

3.35%

Term

12 Months

Amount to Open

$500.00

APY*

5.00%

Term

24 Months

Amount to Open

$500.00

APY*

3.35%

Term

36 Months

Amount to Open

$500.00

APY*

3.35%

Term

46 Months

Amount to Open

$500.00

APY*

3.35%

Term

60 Months

Amount to Open

$500.00

APY*

3.30%

Click here to shop all of our current certificate rates and terms.


*APY – Annual Percentage Yield. The APY is an annualized rate that reflects estimated interest earnings based on the interest rate and frequency of compounding. Rates and terms are subject to change without notice. Penalties apply for early withdrawals from certificate accounts. Terms and conditions subject to change. 

FREQUENTLY ASKED QUESTIONS

What is a Certificate of Deposit?

A Certificate of Deposit (CD) is an investment instrument that provides a fixed rate for a specific period of time. The funds cannot be withdrawn during the certificate term without paying a penalty.  Certificates are federally insured by the NCUA to at least $250,000 and ESI up to $750,000.

 

What is the minimum deposit needed to open a CD?

$500 – 6, 12, 18 ,36, 48 and 60 Month
$5,000 – 24 Month Step Rate
$10,000 – 24 Month Step Rate Plus
$40,000 – 6 or 12 Month Mini Jumbo
$75,000 – 6 or 12 Month Jumbo

NOTE: Maximum Deposit for an IRA account each tax year is dependent on the individual’s age and current law

What are the available terms for Certificate of Deposits?

6, 12, 18, 24, 36, 48 and 60 months.

What penalties apply for early withdrawal prior to maturity?

Penalties imposed for early withdrawal will equal the number of
days’ interest on the amount withdrawn, as shown below. Not applicable to payments to beneficiaries of deceased members.

  • 90 days on 6-month Certificates
  • 180 days on 12-month certificates
  • 180 days on 18-month certificates
  • 270 days on 24-month certificates
  • 365 days on 36-month certificates
  • 540 days on 48-month certificates
  • 720 days on 60-month certificates

What are my options after my Certificate of Deposit matures?

Certificates will automatically renew at maturity. Members may prevent renewal by sending the credit union written notice or calling the credit union prior to maturity with the intent to not renew.  Members have a grace period of 10 calendar days after maturity to withdraw funds without being charged an early withdrawal penalty. Here are your options explained: 

  • Auto-renew your CD
    Sit back & relax. If no action is taken during the 10-day grace period, your certificate will renew at our current rate offering based on the term and amount of your renewing certificate.
  • Upgrade your investment  
    Shop our CD Rate Specials to optimize your investment. Find a great rate or a better term and keep on earning.
  • Earn more with your existing CD
    Put more of your money to work earning interest for you in your existing CD.
  • Withdraw from your existing CD
    If you want a more flexible option for your savings, we recommend our High Yield Savings Account (MMA) where your money is accessible while still earning you higher interest than other accounts might. Other withdrawal options include: mailed checks, transfer via ACH, or transfer to another CSCU account.