Community First Credit Union 12 Month Term Deposit Special
1 termFixed rate
Lock in a fixed return for your savings at a competitive interest rate for 12 months. A Community First term deposit is a safe and secure way to invest your money when you want certainty.
5.60%
a year, up to, for 1 year
- Minimum deposit
- $10,000
- Maximum deposit
- Not published
- Terms offered
- 1
Rates by term
| Term | Interest paid | Rate a year |
|---|---|---|
| 1 year | At maturity | 5.60% |
Deposit amount on every term: $10,000 to $2,000,000.
How it compares
Against the other 1 year term deposits we compare. Typical means the middle half of them.
1 year rate
5.60%
A typical 1 year rate is 5.25%.
Minimum deposit
$10,000
A typical minimum is $2,000.
Pros and cons
Pros
- A higher rate. 5.60% for 1 year, above the typical 5.25%, so your money earns more over the term.
Cons
- A higher minimum. You need at least $10,000, more than the typical $2,000.
- Your money is locked in. Taking it out early usually needs 31 days' notice and earns less interest.
Similar term deposits
Term deposits from other banks that pay a similar rate for the same term.
- Rate a year
- 5.60%
- Minimum deposit
- $500
- Rate a year
- 5.60%
- Minimum deposit
- $2,000
- Rate a year
- 5.55%
- Minimum deposit
- $10,000
