Skip to main content Skip to footer
Certificates of Deposit (CDs)

Certificates of Deposit (CDs)

A safe, secure investment with guaranteed returns

Choose your CD

With TDECU's multiple CD options and terms, we are confident you will find the right CD to fit your financial goals. Open a CD today and start watching your hard-earned savings grow.

Grow your savings at a higher interest rate

A certificate of deposit (CD) is a secured time deposit, where money stays in your account for a selected amount of time, earning a promised return. CDs are not only a reliable and secure way to invest your money, but also offer higher interest rates than a regular savings account.

TDECU offers a variety of CDs, giving you more options to build your savings:

  • Standard CDs with an opening deposit starting at $1,000
  • IRA CDs available to our Members with TDECU IRAs
  • Jumbo CDs that earn 0.15% above the standard CD rate2
  • CDs for kids and teens, for as little as $100

TDECU Certificates of Deposit feature these benefits:

Up
to

5.00%

APY1

3 to 60

Month Terms

Up
to

$250,000

Insured by the NCUA

How to acquire a CD with TDECU

1. Become a Member

1. Become a Member

Become a Member of TDECU with your personal information such as zip code.

2. Choose your CD

2. Choose your CD

Choose a CD that best fits your needs and financial goals and apply from the options below.

3. Transfer money

3. Transfer money

Transfer money to your new TDECU CD account.

4. Sit back

4. Sit back

Relax for the term of your CD and earn interest on your money.

Compare CDs

CDs offer a secure way to grow your savings. Choose from traditional or jumbo CDs for terms and returns that fit your needs.

Standard CDs

A low-risk savings tool with various term lengths that typical earns more than a savings account.

  • $1,000 Opening Deposit
  • 3 to 60 Month Term

Interest Rate

1.74% - 4.89%

APY1

1.75% - 5.00%

Term Length Interest Rate APY1
3 months 1.74% 1.75%
6 months 2.23% 2.25%
12 months 4.89% 5.00%
18 months 4.41% 4.50%
24 months 4.17% 4.25%
30 months 2.23% 2.25%
36 months 2.28% 2.30%
48 months 2.33% 2.35%
60 months 2.37% 2.40%

Jumbo CDs

A Jumbo CD2 is a certificate of deposit that requires an initial deposit greater than $100,000.

  • $100,000 Opening Deposit
  • 3 - 60 Month Term
  • Jumbo CDs earn 0.15% interest rate above the Standard CD interest rate when opened new or at renewal.

Interest Rate

1.88% - 5.03%

APY1

1.90% - 5.15%

Term Length Interest Rate APY1
3 months 1.88% 1.90%
6 months 2.37% 2.40%
12 months 5.03% 5.15%
18 months 4.55% 4.65%
24 months 4.32% 4.40%
30 months 2.37% 2.40%
36 months 2.42% 2.45%
48 months 2.47% 2.50%
60 months 2.52% 2.55%

IRA CDs

A certificate of deposit that offers a secure way to invest a portion of your tax-advantaged TDECU IRA funds.

  • $1,000 Opening Deposit
  • 3 - 60 Month Term

Interest Rate

1.74% - 4.89%

APY1

1.75% - 5.00%

Term Length Interest Rate APY1
3 months 1.74% 1.75%
6 months 2.23% 2.25%
12 months 4.89% 5.00%
18 months 4.41% 4.50%
24 months 4.17% 4.25%
30 months 2.23% 2.25%
36 months 2.28% 2.30%
48 months 2.33% 2.35%
60 months 2.37% 2.40%

M3 Money Club CDs

A Certificate of Deposit (CD) designed for kids ages 4 to 12 to teach them the value of long-term investments.

  • $100.00 Opening Deposit
  • 3 - 60 Month Term

Interest Rate

1.74% - 4.89%

APY1

1.75% - 5.00%

Term Length Interest Rate APY1
3 months 1.74% 1.75%
6 months 2.23% 2.25%
12 months 4.89% 5.00%
18 months 4.41% 4.50%
24 months 4.17% 4.25%
30 months 2.23% 2.25%
36 months 2.28% 2.30%
48 months 2.33% 2.35%
60 months 2.37% 2.40%

Elements Teen Club CDs

A certificate of deposit designed for teens ages 13 to 17 who want a low-risk, higher yield savings account.

  • $100.00 Opening Deposit
  • 3 - 60 Month Term

Interest Rate

1.74% - 4.89%

APY1

1.75% - 5.00%

Term Length Interest Rate APY1
3 months 1.74% 1.75%
6 months 2.23% 2.25%
12 months 5.00% 4.89%
18 months 4.41% 4.50%
24 months 4.17% 4.25%
30 months 2.23% 2.25%
36 months 2.28% 2.30%
48 months 2.33% 2.35%
60 months 2.37% 2.40%

Advantages and benefits of a TDECU Certificate of Deposit

From competitive rates to flexible terms, a TDECU CD offers safe, secure, guaranteed returns.

Low minimum deposit

Low minimum deposit

Invest with as little as $1,000 on Standard and IRA CDs.

Withdraw interest without penalty

Withdraw interest without penalty

Spend your interest when and how you see fit.

Safe and secure

Safe and secure

Funds up to $250,000 are insured by the National Credit Union Administration.

Certificate of Deposit Calculator

How much interest will you earn from a TDECU CD?

Determine which TDECU CD will help you reach your savings goals by using our calculator3. This calculator can estimate how much your investment will grow over a certain amount of time. You can also use it to estimate CD earnings from another bank or credit union to ensure you are getting the best rate of return over the term.
Your Information
Results
 

Certificates of Deposit FAQ

What does CD stand for?

CD is short for a “Certificate of Deposit,” a low-risk, fixed-rate investment.

Are CDs a good investment?

Certificates of Deposit (CDs) can be an excellent savings option for anyone wanting stability and guaranteed growth. Certificates of Deposit, or CDs, are a low-risk investment and are insured up to $250,000 by the NCUA. CDs also offer higher returns than traditional savings accounts, with a predictable return that is agreed upon at the opening of the Certificate of Deposit. CDs also have various terms ranging from 3 months to 5 years, allowing you to decide how long you want your money to accrue interest.

Can I lose my money on a CD?

Certificates of Deposits are backed by the National Credit Union Administration, a Federal agency. The standard insured amount is $250,000 per depositor, per insured bank or credit union, for each account category.

Are there any minimum or maximum opening amounts for CDs?

The minimum balance to open and maintain a standard TDECU Certificate of Deposit is $1,000. This is the same for an IRA CD. Jumbo CDs start with an opening balance of $100,000. TDECU offers Kids, Club, and Teen CDs for as little as $100. There is no maximum for a CD, but the National Credit Union Administration (NCUA) will insure up to a maximum of $250,000.

What is a 'term', and when will my CD mature?

Term is the length of time of an investment. TDECU CDs range in term length from 3 months to 60 months. Your Certificate of Deposit will mature at the end of your selected fixed term. For example, if you choose a 3-month term, it would mature at the end of those 3 months, or a 60-month term would mature in 60 months.

What can you do with your CD once it matures?

You have three options when a Certificate of Deposit (CD) matures:

  • Allow the CD to auto-renew at the current rate and term length.
  • Roll your CD balance into a new CD and select a different rate and term length. You should consider if a longer- or shorter-term length may be a better option, depending on your investment strategy.
  • Withdraw your ending balance. If a CD is no longer part of your investment strategy, it may be worth withdrawing and placing the money in a different account or investment type.
Refer to your original CD Agreement for additional terms & conditions.

Can I cash in a CD before it matures?

Although it is NOT recommended you may withdraw your deposit before the maturity date; BUT you will incur an early withdrawal penalty. Typically, your agreement states that you agree to maintain your CD deposit for a specified term. For doing so, TDECU pays interest on your deposit. Refer to TDECU's Member Handbook & Truth in Savings brochures for additional terms and conditions.

What is the difference between a Standard CD and a Jumbo CD?

Jumbo CDs typically pay a higher interest rate than standard CDs. A jumbo Certificate of Deposit requires a higher opening deposit starting at $100,000.

Ready to get started?

Members can open a CD online, in person, or over the phone.

1APY = Annual Percentage Yield. Rates are accurate as of 4/10/24 and subject to change. Dividends are compounded and credited monthly.

2Jumbo CDs earn 0.15% above the Standard CD interest rate when opened new or at renewal.

3Our financial calculators are provided as a free service to our members. The information supplied by these calculators is from various sources based on calculations we believe to be reliable (but are not guaranteed, explicit or implied) regarding their accuracy or applicability to your specific circumstances. All examples are hypothetical and are for illustrative purposes, and are not intended to provide investment advice. TDECU does not accept any liability for loss or damage whatsoever, which may be attributable to the reliance on and use of the calculators. Use of any calculator constitutes acceptance of the terms of this agreement. TDECU recommends you find a qualified professional for advice with regards to your personal finance issues. 

An early withdrawal penalty will be imposed for CD withdrawals made before maturity. Refer to your original CD Agreement for additional terms & conditions. A minimum balance is required to earn the advertised annual percentage yield. Fees may reduce earnings.
Equal Housing Lender
NCUA