Certificates of Deposit have a minimum deposit limit of $1,000 with set terms and rates. Rates are paid to the certificate monthly. JCCCU also runs CD specials through the year to give you the best deal!
Call us today (812) 523-1630 for the current special rate.
12 Month Term
- penalty for early withdrawal: 3 months dividends.
24 Month Term
- penalty for early withdrawal: 6 months dividends.
36 Month Term
- penalty for early withdrawal: 6 months dividends.
48 Month Term
- penalty for early withdrawal: 6 months dividends.
60 Month Term
- penalty for early withdrawal: 6 months dividends.
Kids Certificates
JCCCU offers certificates for children with a starting balance of $100.00 and a maximum of $2,500.00.
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Funds can be deposited into the certificates in $25.00 or more increments.
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You can open a kid's certificate on a 12-month rate or if a current special exists. Only one kid's certificate per social security number.
18 years of age and younger only.
Additional CD Information
Rates are paid monthly
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Dividends will be compounded monthly
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Dividends will be credited monthly and at maturity
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The par value of a regular share in this Credit Union is $5.00
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The dividend period on this term share account is monthly
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Dividends begin to accrue on the business day you place any non-cash item (for example a check) into your account
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The annual percentage yield assumes that dividends remain in the account until maturity
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A withdrawal of dividends will reduce earnings
Balance Computation Method
We use the daily balance method to calculate the dividends on this account. This method applies a daily periodic rate to the principal in the account each day.
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Transaction Limitations
NO ADDITIONS. You cannot place additional funds to this account during a term (other than credited dividends).
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Renewal Policy
Single Maturity: This account will not automatically renew. No dividends will accrue after the maturity date.
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Definitions
“We”, “our”, and “us” mean the issuer of this account and “you” or “your” mean the owner(s) of the term of the account. “Account” means the original certificate as well as the account funds evidenced by the certificate.
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Transfer
“Transfer means any change in ownership, withdrawal rights, or survivorship rights, including (but not limited to) any pledge or assignment of this account as collateral. You may not transfer this account without our written consent.
