State Employees’ Credit Union CD Rates
We set out to find the best CD rates for you from different sources and in that pursuit, we focus our attention on the State Employees’ Credit Union headquartered in North Carolina.
State Employees’ Credit Union is a member-owned and non-profit financial institution that serves the employees of the state of North Carolina. It was started in 1937 with 17 members and a total asset of $437. from this small beginning, it grew to to more than $16 billion serving more than 1.4 million customers. They offer many kinds of products to their members and this includes lending as well as savings products. One of their popular products is the Certificate of deposit (CDs). These savings instruments are ideal for someone who is looking to earn a fixed amount of interest over a period of time.
The current State Employees’ Credit Union CD rates for a 6 or 12 month period is 1.50%. The State Employees’ Credit Union CD rates for a term of 18 months is 1.75% while the CD rates for a 24 or 30-month term is 2.00% APY. The State Employees’ Credit Union Share Certificate rates are 2.50% for 36 months, 2.75% for 48 months and 3.00% for 60 months respectively. The minimum amount to open a CD is $250 and there is a penalty for early withdrawal. A good feature is there are no service charges for these accounts and the interest accrues daily. The current State Employees’ Credit Union certificate rates are very competitive and this is the main reason for its popularity among the members of this credit union.