Certificates of Deposit
For a limited time, open a high-yield certificate of deposit with Amplify Credit Union and enjoy great two-year and three-year rates.
“CDs are an excellent choice for those who want to put their money into a low-risk investment with a guaranteed rate of return.”
In times like this, there’s something to be said for a sure thing. If you’re new to certificates of deposit, learn more about how they work and why CBS News calls them an “excellent choice” for people looking for a short-term savings tool.
What is a certificate of deposit?
A certificate of deposit is a long-term savings tool. You agree to keep your money with a financial institution for a set period of time – in our case, a two- or three-year period – and in exchange, you unlock a high-yield interest rate for your savings.
Can I add funds to an open CD?
Once you transfer funds into your account, you are locking in both the amount and the terms of the certificate of deposit. You can always open additional accounts with Amplify, but it is important to carefully consider the initial deposit so you can get the best possible return.
Do CDs fall under fee-free banking?
Earlier this year, Amplify Credit Union announced its switch to fee-free banking. We no longer charge any fees on deposit products, including our certificates of deposit. For more information, please visit the Fee-Free Banking homepage on our website.
Is there a minimum balance for CDs?
You must deposit a minimum of $500 to open a high-yield certificate of deposit with Amplify.
* Annual Percentage Yield (APY) is effective 11/22/2023 and may change at anytime. Early withdrawal on certificates of deposit could result in a substantial penalty. Minimum balance of $500 required to obtain the advertised APY.
Insured by NCUA. Membership required.
Please refer to the Certificate Account Rate Disclosure for further information relating to the above products. Fees assessed on accounts could reduce earnings on those accounts.