Certificates of Deposit-Regular & IRA
Looking for a no-risk investment for your savings? Check our rates and terms on a Certificate of Deposit. Available in 6, 9, 10, 12, 24, 36, and 60 month terms, with a minimum deposit of only $200 gets you a great rate and a guaranteed return on your investment. CDs are easy, secure, and net a higher return when you invest for a longer term. Our CDs are insured up to $250,000 for added security.
To open your Certificate of Deposit, call us at 313.568.5000.
Effective Date: June 1, 2024
| Term | APR* | APY* | Minimum Balance |
|---|---|---|---|
| 6 Month | 3.22% | 3.25% | $200.00 |
| 9 Month Special** | 5.05% | 5.15% | $200.00 |
| 10 Month Special*** | 5.29% | 5.40% | $200.00 |
| 12 Months | 3.45% | 3.50% | $200.00 |
| 12 Months Save to Win | 2.97% | 3.00% | $25.00 |
| 24 Months | 2.62% | 2.65% | $200.00 |
| 36 Months | 2.72% | 2.75% | $200.00 |
| 60 Months | 2.97% | 3.00% | $200.00 |
*APY = Annual Percentage Yield. There will be a penalty for early withdrawal.
*APR = Annual Percentage Rate.
** One Special CD per member. Maximum deposit per CD account type is $500,000. Early withdrawal penalties will apply. Limited Time Offer. Offer may end at any time. Member NCUA.
*** New Money Only. Jumbo CD bump is excluded from this 10-month special. Maximum deposit per CD account type is $250,000. Early withdrawal penalties will apply. Limited Time Offer. Offer may end at any time. Member NCUA.
Important Information:
Jumbo CD & IRA over $100,000.00 add 0.05% to all terms – minimum balance $100,000.00.
- 9 month CD renews at the 12 month CD rate at the point in time it renews. Rates may change.
Legacy CD
The Legacy CD is designed to provide a flexible financial savings option for loved ones of deceased members at DMCU, offering a higher interest rate than a standard savings account. This product aims to support beneficiaries, joint account owners, or representatives during a transitional period. As your credit union, we are here to help you as you navigate through these difficult times.*
- The Legacy CD is a 12-month Certificate of Deposit.
- During the 12-month period, account holders can make two withdrawals and two additional deposits without penalty.
| Term | APY* | Minimum Balance |
|---|---|---|
| 12 Months | 5.15% | $5,000.00 |
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