Star One Credit Union offers share certificates across three standard terms: six months, 12 months and two years. The options are ideal for savers looking for a temporary place to keep their cash.
You’ll face a penalty, but withdrawals of at least $1,000 could be made without closing the entire account (as long as you meet minimum balance requirements). Early withdrawal penalties aren’t abnormal; however, they are higher than those at some online banks and credit unions.
Interest is compounded monthly and at maturity rather than daily.
Savers looking for a long-term CD will have to look elsewhere.
Not all standard CD terms are offered.