- About South Central Credit Union
- Account Questions
- ATM Questions
- Certificates of Deposit Questions
- Checking Questions
- Debit Card Questions
- Financial Literacy Questions
- General Product and Service Questions
- Home Banking Questions
- Loan and Credit Questions
- Miscellaneous Questions
- Roth IRA Questions
- Security Questions
Interest rates on Certificates of Deposit vary and are based on the term of the certificate and on the opening balance of the certificate. Click here to see current rates.
A Certificate of Deposit (CD) is a savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. When you open a CD, your money is on deposit for a specific time period. For agreeing to keep it on deposit for a specified time period, you earn more than you would in a regular savings account. If you cash it in before its maturity date, you pay a penalty. For more information on what SCCU offers click here.