Certificates (CDs)
Ideal CU Certificates
Both our personal and business members can choose from our regular and IRA certificates, low minimum certificates or one of our certificate specials. Get started today and enjoy a competitive, high rate on your savings dollars.
- Terms from 91 days to 60 months available
- Start with as little as $500 based on the CD and term you select
- Enjoy competitive savings rates
CD Specials
New Certificate Specials
Ideal CU is now offering new certificate specials for both our personal and business members! All CD Specials will either roll into a standard term certificate or transfer to savings.
Grow your money faster and continue living your ideal life.
7-Month New Money Certificate Special
| Minimum Opening Balance | Term | Interest Rate |
APY*
|
|---|---|---|---|
| $500 + | 7 Months | 4.17% | 4.25% |
|
*APY = Annual Percentage Yield. The Annual Percentage Yield assumes interest remains on deposit until maturity. Rates subject to change at any time. Open with a minimum of $500 from sources outside of Ideal. If combining with existing funds deposited at Ideal, a minimum of $10,000 in additional new money is required. Interest begins to accrue on the business day you deposit any non-cash item (for example, checks). Interest is compounded and credited on a monthly basis. A penalty may be imposed for early withdrawal. Certificate Special is available as a traditional or IRA CD. Penalty for early withdrawal - CDs with maturity dates greater than 12 months will be assessed the lesser of 180 days interest or interest earned/CD with maturity dates 12 months or less will be assessed the lesser of 90 days interest or interest earned. Fees may reduce earnings. |
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Regular / IRA CDs
Regular & IRA Certificate Rates
| Term2 | $500.00 - $24,999.99 | $25,000.00 - $69,999.99 | $70,000.00 + |
|---|---|---|---|
| 3 Month | 4.10% APY1 | 4.10% APY1 | 4.10% APY1 |
| 6 Month | 4.10% APY1 | 4.10% APY1 | 4.10% APY1 |
| 12 Month | 4.10% APY1 | 4.10% APY1 | 4.10% APY1 |
| 18 Month | 3.50% APY1 | 3.50% APY1 | 3.50% APY1 |
| 24 Month | 3.50% APY1 | 3.50% APY1 | 3.50% APY1 |
| 30 Month | 3.50% APY1 | 3.50% APY1 | 3.50% APY1 |
| 36 Month | 3.50% APY1 | 3.50% APY1 | 3.50% APY1 |
| 48 Month | 3.50% APY1 | 3.50% APY1 | 3.50% APY1 |
| 60 Month | 3.50% APY1 | 3.50% APY1 | 3.50% APY1 |
| 1. The Annual Percentage Yield (APY) assumes interest remains on deposit until maturity. Rates subject to change at any time. A withdrawal will reduce earnings. Interest begins to accrue on the business day you deposit any non-cash item (for example, checks). Interest is compounded and credited on a monthly basis. 2. Penalty for early withdrawal. CDs with maturity dates greater than 12 months will be assessed the lesser of 180 days interest or interest earned/CD with maturity dates 12 months or less will be assessed the lesser of 90 days interest or interest earned. Fees may reduce earnings. |
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Savers CDs
Savers Certificate Rates
A key benefit of the Savers CD is that you are able to make additional deposits during the term of the certificate.
| Minimum Opening Balance | Term2 | Interest Rate | APY1 |
|---|---|---|---|
| $100 | 6 Month | 1.25% | 1.26% |
| $100 | 12 Month | 1.65% | 1.66% |
| $100 | 18 Month | 1.90% | 1.92% |
| $100 | 24 Month | 2.80% | 2.84% |
| $100 | 30 Month | 2.80% | 2.84% |
| $100 | 36 Month | 2.80% | 2.84% |
| $100 | 48 Month | 2.80% | 2.84% |
| $100 | 60 Month | 2.80% | 2.84% |
| 1. The Annual Percentage Yield (APY) assumes interest remains on deposit until maturity. Rates subject to change at any time. A withdrawal will reduce earnings. Interest begins to accrue on the business day you deposit any non-cash item (for example, checks). Interest is compounded and credited on a monthly basis. 2. Penalty for early withdrawal. CDs with maturity dates greater than 12 months will be assessed the lesser of 180 days interest or interest earned/CD with maturity dates 12 months or less will be assessed the lesser of 90 days interest or interest earned. Fees may reduce earnings. |
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Frequently Asked Questions
What is the minimum opening balance for a CD?
The minimum opening balance for a Certificate of Deposit (CD) at Ideal Credit Union is $500.
Where can I find CD rates?
You can view current CD rates on our website at Ideal CU Certificate Rates.
How long do I have to renew or close my account when my CD matures?
CD accounts are set to automatically renew at maturity. However, you have a 7-calendar-day grace period after the maturity date to make changes. During this period, you can deposit or withdraw funds, change the account term or close the account.
How will I be notified that my CD is going to mature?
You will receive a written notice at least 25 days before your CD’s maturity date to remind you of the upcoming renewal or grace period.
How do I renew my CD account?
CD accounts automatically renew at maturity. If you have questions or wish to make changes, you can schedule an appointment or contact a member service representative at 651-770-7000.
How long will it take to open a CD?
Opening a CD account typically takes about 15–30 minutes.
When do I start earning interest on my CD?
Interest on your CD begins to accrue on the day the account is opened.
What interest rate will be applied to my CD?
The interest rate applied to your CD will be the rate that was in effect on the day your account was opened.
Does the credit union charge a penalty for early withdrawal of my money?
Yes, there is a penalty for early withdrawal.
- For CDs with a maturity term of greater than 12 months, the penalty is the lesser of 180 days’ interest or the total interest earned.
- For CDs with a maturity term of 12 months or less, the penalty is the lesser of 90 days’ interest or the total interest earned.
Please note that early withdrawal penalties and fees may reduce your earnings.