Founders Federal Credit Union CD Rates:A Comprehensive Guide to Interest Rates and Terms

Founders Federal Credit Union is a not-for-profit credit union headquartered in Washington, D.C., with a membership of over 145,000 people. The credit union offers a wide range of financial services, including savings accounts, checking accounts, and CDs (Certificate of Deposits). In this article, we provide a comprehensive guide to the interest rates and terms offered on Founders Federal Credit Union CDs.

Interest Rates on Founders Federal Credit Union CDs

Founders Federal Credit Union offers a variety of CD terms with different interest rates. The interest rates on these CDs can vary based on the term length and the amount of deposit. The following is a breakdown of the current interest rates for each CD term:

1. 6-month CD: 0.50% - 12 months

2. 1-year CD: 0.50% - 12 months

3. 2-year CD: 0.75% - 24 months

4. 3-year CD: 1.00% - 36 months

5. 4-year CD: 1.25% - 48 months

6. 5-year CD: 1.50% - 60 months

Terms and Conditions for Founders Federal Credit Union CDs

Founders Federal Credit Union offers a variety of CD terms with different interest rates. Each CD has specific terms and conditions, which we will discuss in more detail below:

1. 6-month CD: The minimum deposit for this CD is $500. The term length is 6 months, and the interest rate is 0.50%. The principal will remain unchanged for the entire term. When the CD matures, the member will receive the principal plus any accrued interest.

2. 1-year CD: The minimum deposit for this CD is $500. The term length is 1 year, and the interest rate is 0.50%. The principal will remain unchanged for the entire term. When the CD matures, the member will receive the principal plus any accrued interest.

3. 2-year CD: The minimum deposit for this CD is $1,000. The term length is 2 years, and the interest rate is 0.75%. The principal will remain unchanged for the entire term. When the CD matures, the member will receive the principal plus any accrued interest.

4. 3-year CD: The minimum deposit for this CD is $1,000. The term length is 3 years, and the interest rate is 1.00%. The principal will remain unchanged for the entire term. When the CD matures, the member will receive the principal plus any accrued interest.

5. 4-year CD: The minimum deposit for this CD is $1,000. The term length is 4 years, and the interest rate is 1.25%. The principal will remain unchanged for the entire term. When the CD matures, the member will receive the principal plus any accrued interest.

6. 5-year CD: The minimum deposit for this CD is $1,000. The term length is 5 years, and the interest rate is 1.50%. The principal will remain unchanged for the entire term. When the CD matures, the member will receive the principal plus any accrued interest.

Founders Federal Credit Union offers a wide range of CD terms with different interest rates, depending on the term length and the amount of deposit. It is important for members to carefully consider their financial goals and invest in the CD that best suits their needs. By following the terms and conditions for each CD, members can effectively manage their finances and grow their investments over time.