Certificates of Deposit

Where Your Money Grows Without the Guesswork

Looking for a safe, predictable way to grow your savings? Our CDs give you competitive rates, set terms, and the peace of knowing your money is working for you.

What Makes Our CDs a Smart Choice

Start With $1,000 – You need just $1,000 to open a CD.
Earn Monthly Dividends – We pay dividends every month. You can have them paid out or roll them back into the CD to grow faster.
Fixed Term, No Surprise Add-Ins – Once you lock in the term, you stay locked in. No adding more principal during the term.
Automatic Renewal Option – At maturity, your CD will renew automatically (unless you tell us otherwise).‡
Federally Insured – As always, your deposits are protected by the NCUA.

_{‡At maturity, unless you tell us otherwise, the CD renews automatically at the rate in effect at that time. To change the term, withdraw funds, or otherwise modify, make your request within 10 days of CD maturity.}

How Certificates of Deposit Work

A CD (Certificate of Deposit) is like agreeing to let your money rest for a set time — 6 months, one year, maybe more — in exchange for a guaranteed return. Here’s how it goes:

You deposit your funds.
You choose how long to lock them up — that’s the “term.”
We pay you interest during the term.
At maturity, you get your original deposit + all the interest earned.

If you withdraw early, there’s a penalty (you’ll lose some interest).

Wondering if a CD is right for you? Check out our blog post Five Reasons to Put Your Money in a CD

Current CD Rates

  
  Term
    Minimum Deposit Amount
    Dividend Rate
    APY**
  

     6 Month
    $1,000
    2.25%
    2.273%
  
12 Month
  $1,000
    2.25%
    2.273%
  
18 Month
  $1,000
    2.00%
    2.018%
  

  24 Month
    $1,000
    2.00%
    2.018%
  

  36 Month
    $1,000
    2.00%
    2.018%
  

  48 Month
    $1,000
    2.00%
    2.018%
  

  60 Month
    $1,000
    2.00%
    2.018%
  

Rates on Certificates of Deposit are effective as of February 1, 2024. Rates are subject to change. All Savings Rates | Truth-In-Savings

CD FAQs

Do I need to be a member to open a CD?

Yes. A CD is a part of what comes with membership at 1st University Credit Union. If you’re not a member yet, we’ll walk you through getting set up.

Can I add more money once the CD is open?

No. Once your CD is active, additional principal funds during the term are not permitted.

When do I get my interest?

Dividends are paid out every month. You can choose to receive them or have them reinvested into the CD.

What happens at maturity?

Your CD will automatically renew at the prevailing rate unless you tell us otherwise. If you want something different (a new term, withdraw the money, don’t renew), just let us know in that 10-day grace period around maturity.‡

Is there a penalty for taking my money out early?

Yes. If you withdraw before the CD term ends, you’ll pay a penalty (it usually means losing some interest).

How safe are my funds?

Very safe. All CD deposits are federally insured by the NCUA up to $250,000.

Compare Your Options
    
          Feature
          Certificate of Deposit (CD)
          Savings Account
          Money Market
        
          Minimum to Open
          $1,000
          $5
          $2,500
        
          Dividends Paid
          Monthly
          Quarterly
          Monthly
        
          Access to Funds
          Locked until maturity2
          Anytime
          Anytime1
        
          Rates
          Highest fixed rate
          Competitive base rate
          Higher, tiered rates
        
          Flexibility
          Fixed term & rate
          Most flexible
          Flexible (limited checks)
        
    1 Transaction limits may apply.  
    2 Early withdrawal penalties may apply.

Ready to Grow Your Savings?

Lock in a great rate today. Head to our branch or give us a call to open a Certificate of Deposit with 1st University Credit Union.

Open A CD Now

Want a safer way to grow your savings? Certificates of Deposit from 1st University Credit Union offer predictable growth, competitive rates, and the peace of mind that comes with NCUA insurance. With flexible terms, monthly dividends, and support from our local team, it’s an easy way to make your money work harder. Based in Waco, we proudly serve the Central Texas community, including McLennan, Erath, and Bosque counties.

Helping You Do Life — one smart deposit at a time.