The WEPCO Federal Credit Union of Oakland, MD keeps ahead of its competitors with a range of share certificates that is second to none. Its 12-month CD rate of 1.01% APY gives its members a chance to save big time as part of a premier banking experience.
12-Month CD Rate Terms and Conditions
WEPCO’s CDs provide a higher rate of return than other, more traditional investment products, and can be opened with a minimum deposit of $500. Dividends are compounded monthly and paid quarterly. To maximize the potential of your APY rate, the credit union recommends waiting to withdraw funds until a CD reaches its full maturity; early withdrawals or closing of accounts before the end of its term will trigger a penalty fee of 180 days’ dividends deducted from the certificate. After maturity, all share certificates automatically renew.
About WEPCO Federal Credit Union
The credit union was founded in 1950 by employees of the West Virginia Pulp and Paper Company, from which a simple acronym was created:
- W est Virgina
- E vowel was added
- P ulp and Paper
- Company – both the C & O from the word Company.
Over the years, the nonprofit WEPCO has grown to over $200 million in assets and and more than 24,000 members. Current or retired employees of the NewPage Corporation in Luke, MD may become WEPCO members, as well as anyone who lives, works, attends school or worships in Allegany and Garrett counties in Maryland, or Mineral, Tucker and Preston counties in West Virginia.
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.