There are few things guaranteed in life, and one of them is the rate of return from a banking share certificate. Heritage Family Credit Union is currently offering a 12-month CD rate of 1.00% APY. For years, residents of Rutland, VT have turned to the local credit union to help them invest wisely for all their individual financial needs.
12-Month CD Rate Terms and Conditions
Counting on a Heritage FCU CD means locking into an interest rate competitively tiered according to Federal Deposit Insurance Corporation standards. A 12-month CD from the credit union has several distinct features setting it apart from other savings models:
- Interest: Calculated daily, and compounded and credited monthly. Account holders can elect to have dividends paid to their share or share draft account monthly, or to receive a check rather than have the interest build up in their certificate (which can affect the APY on the certificate).
- Maturity: Members are reminded 2-3 weeks before their CD’s maturity date. CDs automatically renew unless specified otherwise by the customer.
- Penalties: If a certificate is closed out or withdrawn before the maturity date, the member is charged a penalty of 31 days interest. In certain circumstances, no penalty is charged, depending on the reason for early withdrawal.
CDs at Heritage CU are also insured for up to $100,000 by the National Credit Union Administration.
About Heritage Family Credit Union
Heritage Family Credit Union was formed in 1956 by 57 Ludlow, VT General Electric Employees. In their first month, they received $800 in total deposits — today, the credit union has over 25,000 members and over $250 million in assets.
Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.