LAHFCU Share Certificates (CD)
Maximize Your Savings with a Share Certificate (CD) Account and Reap the Benefits of Higher Interest Rates.
If you’re looking to save money and grow your savings, opening a Share Certificate (CD) account can be an excellent option for you. By opening a CD account, you can enjoy several benefits that can help you achieve your financial goals. Here are some of the advantages of a Share Certificate account.
- Higher Interest Rates: One of the most significant benefits of a CD account is the higher interest rates it typically offers compared to traditional savings accounts. With a fixed interest rate for the duration of the CD term, which can range from a few months to several years, you can rest assured that you are guaranteed to earn a specific amount of interest during that time.
- Guaranteed Returns: Unlike other investment options, a CD account provides guaranteed returns on your savings. This means you can plan your finances more effectively, knowing exactly how much money you’ll have at the end of the CD term.
- Low Risk: CD accounts are considered low-risk investments, which means your money is safe and secure, even during times of economic uncertainty.
Rate Effective Date: September 1, 2023
|3 months||$1,000||$1,000 – $250,000||2.75%|
|6 months||$1,000||$1,000 – $4,999||3.00%|
|6 months||$5,000||$5,000 – $250,000||3.50%|
|9 months||$1,000||$1,000 – $4,999||3.50%|
|9 months||$5,000||$5,000 – $250,000||3.90%|
|12 months||$1,000||$1,000 – $4,999||4.00%|
|12 months||$5,000||$5,000 – $49,999||4.75%|
|12 months||$50,000||$50,000 – $250,000||5.00%|
*Rate = APR – Annual Percentage Rate