Randolph Brooks Federal Credit Union offers several different Certificates if you’re interested in storing your money for a few years.
There is a simple 1-year CD, which carries 1.71% APY. The terms are simple:
- $1,000 minimum deposit
- Penalty for early withdrawal equal to 2 months’ interest
- Optional automatic renewal
If you’re willing to deposit your money for a longer period, the rate goes up. For example, a 2-year CD comes with 2.12% APY, while 7-year CD has a really attractive 3.87%. Of course, penalties are also higher – if you withdraw from a 7-year CD before maturity, you’ll forgo 1.5 years’ worth of interest.
Top US Banks, CD Rates and Savings Account Rates
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.
