A certificate of deposit (CD) is a type of savings account offered by credit unions that has a fixed interest rate and term length. The CD earns interest at the fixed rate and cannot be withdrawn until the maturity date without a penalty. CDs offer predictable returns, are federally insured for safety, and are less impacted by stock market fluctuations than other savings options.

1. CERTIFICATE OF
DEPOSIT
Understanding
Certificates Of Deposit
A certificate of deposit (CD) is a type of
savings account offered by credit unions.
Fixed
interest
rate
Fixed term
length
Fixed date of
withdrawal known
as 'Maturity Date'
Features Of CD
Predictable rate of return
Benefits Of CD
Federally insured
Less susceptible to market
dynamics
CERTIFICATE OF
DEPOSIT
www.gctfcu.net
Greater Central Texas Federal Credit Union
3305 E. Elms Rd.,
Killeen, TX 76542
Phone: (254) 690 - 2274
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