Alabama Telco Credit Union
 

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Certificates of Deposit (CDs)

With so many investment opportunities available, it's hard to determine which one is best for you. We offer a variety of basic CD options to accommodate your financial needs with some of the most competitive rates you will see anywhere and flexible terms from 3 to 60 months. In addition, we have also designed the following CD choices with special features that can help you meet specific goals: 

  • Save Up CD - Perfect for new savers or those learning how to save better. Features a minimum deposit of $500 at a fixed rate for a term of 12 months. Unlimited deposits of $100 or more can be made after your CD is opened. Click here to learn more.

  • Step UP CD - Available for CDs with terms 18 months to 60 months. Our Step-Up CDs give you the ability to increase your rate one time to the rate currently in effect for CDs of this type. You will keep the same original term but may potentially enjoy a higher rate.

  • The Prime Tracker CD is a variable rate CD which offers a short term of 18 months and minimum investment of $1,000. The rate adjusts based on the change in the Prime Rate. Unlimited deposits of $500 or more can be made after your CD is opened. During the term of the account, the interest rate will never be less than the initial rate disclosed in the rate schedule at the time the certificate of deposit was opened or greater than 2.0% above the initial rate.

  • The Coverdell Education CD is set up to help you save and earn money to be used for qualified education expenses for a child who is either under the age of 18 or has special needs. A Coverdell ESA CD offers more flexibility than other educational savings plans in that it can be used to pay qualified elementary and secondary education expenses as well as higher education expenses such as college. We offer the following terms: 24-35 month and 60 month. The minimum deposit to open a Coverdell ESA CD is $1,000.*

We also offer CD Specials at various times throughout the year. Check our rates frequently to keep abreast of the latest CDs available to you.

You can always feel confident knowing your investments are safe with us. The credit union is federally insured by the National Credit Union Administration. Additional coverage up to $250,000 provided by Excess Share Insurance Corporation, a licensed insurance company.

*Please reference the Internal Revenue website at www.irs.gov to learn more about Coverdell ESAs, including contribution limits, withdrawals and eligibility requirements. Alabama Telco is not responsible for determining the nature of the withdrawals. Contributions to a Coverdell ESA can total $2,000 a year and are not tax deductible; however, the amounts in the account will grow tax-free until distributed.

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