Addison Avenue FCU CD Rates

The Addison Avenue Federal Credit Union (FCU) has many types of products and services to suit the needs of all of its customers. When it comes to investing you may be a conservative individual who would like to start small. That is where certificates of deposit (CDs) can be of tremendous use for this end.

At the Addison Avenue FCU you can lock in a terrific rate for up to a period of five years. Visit the website at http://addisonavenue.com/ to view the current Addison Avenue FCU CD rates. You can open a CD account with a minimum balance of $500. This is the case for all of the terms offered by the credit union. You can choose any term ranging from three months to 60 months.

Certificates of deposit (CDs) make it possible for higher interest rates to be earned in comparison to a regular and traditional savings account. CDs are a smart financial vehicles for saving and investing because they are safe and involve no risk whatsoever. You earn interest on the principal without having to sacrifice any money to the fluctuating of the markets. Unlike bonds and stocks, certificates of deposit do not fluctuate with the market trends which is why they are risk free and are an excellent choice for the timid investor.

At Addison Avenue FCU CD rates are competitive with other banks and credit unions. The rate you are given when you open the account is fixed and therefore is guaranteed for the length of the term. The longer the term is the more interest you will earn. Even if interest rates go down during the term your rate will stay the same. This is something worth getting excited about!

At Addison Avenue FCU certificates of deposit (CDs) are referred to as plus certificates. You are given the option of reinvesting your dividends or withdrawing them at any time you wish. You can do this without the risk of a penalty. When your certificate reaches maturity it will automatically be rolled over into a new one unless you stipulate that you want to do something else with it.

If you decide to withdraw a portion of your funds from the CD early then you may be subject to a penalty of up to six months worth of dividends. However the principal of your money will not be touched in this case.

It is important to note that you are insured safety when you bank with Addison Avenue FCU. All of Addison’s certificates are insured by the NCUA for up to $250,000 per depositor. Isn’t it about time that you took a look at the current Addison Avenue FCU CD rates?