Star One Credit Union offers three certificate terms: six months, 12 months and 24 months. Each certificate requires a manageable $2,500 minimum deposit and pay strong yields. Earned interest can be mailed or transferred to a Star One checking or savings account. These options are ideal for savers looking for a temporary place to keep their cash, but savers with long-term goals will want to search for alternatives.
Star One doesn't offer any specialty certificates, such as a no-penalty or bump-up account.
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.