#Affinity federal credit union full

What is the grace period for Affinity Federal Credit Union CD? What is the minimum deposit to open a CD account with Affinity Federal Credit Union?Īffinity Federal Credit Union CD requires a minimum deposit of $500 to open an account. What terms does Affinity Federal Credit Union CD offer?Īffinity Federal Credit Union offers CD terms of the following lengths:Īffinity Federal Credit Union Certificate Account Rates & Terms Description APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding. What CD rates does Affinity Federal Credit Union offer on its CDs?Īffinity Federal Credit Union CD offers an APY starting at 0.10% and ranging up to 0.55%. In general, you can invest in CDs in any IRA, but Affinity Federal Credit Union CD offers a CD that is specifically for retirement. An IRA CD is a type of IRA that consists entirely of CDs. These CDs are useful in a changing interest rate environment. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CD for another term. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. What types of CDs does Affinity Federal Credit Union offer?Īffinity Federal Credit Union CD provides the following types of CDs.

#Affinity federal credit union full

The fund is backed by the full faith and credit of the U.S. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. Yes, your Affinity Federal Credit Union CD accounts are insured up to $250,000 per share owner for each account ownership category.

There isn't a no-penalty certificate option.Īffinity Federal Credit Union Certificate Account FAQ Are CDs from Affinity Federal Credit Union federally insured?.

Pros & Cons of Affinity Federal Credit Union Certificate Account Pros

This combines the benefits of frequent access to funds and higher rates of return on your savings. Affinity Federal Credit Union CD allows you to create a certificate ladder by spreading your cash across certificates with different terms. This is a typical minimum initial deposit for the certificates we track. This account offers an annual percentage yield of up to 0.55%, which is much higher than the national average for a certificate account. Very high annual percentage yield (APY).Affinity Federal Credit Union Certificate Account ReviewĪffinity Federal Credit Union Certificate Account are offered by Affinity Federal Credit Union,įounded in 1935 and based in Basking Ridge, NJ.Īffinity Federal Credit Union Certificate Account are available in