Certificates of Deposit

Why should I open a certificate of deposit (CD)?

A certificate of deposit (CD) is a timed deposit. When you open a CD, you agree to keep your money in the account until the maturity date, which can be anywhere from 91 days to 60 months (it's your choice!). In exchange, you get a higher rate than you might on a traditional savings account. You can always close a CD early, but you may pay an early withdrawal penalty.

Whether you’re saving for a family vacation, or just planning for the unexpected, IHMVCU certificates of deposit give you the rate of return you want with deposit terms that fit into your schedule! Enjoy great interest rates and security for short-term or long-term savings.

Still not really sure what a CD is or why you should have one?

Don't worry. We have a blog for that.

CDs at IHMVCU feature:

  • Low minimum deposit of $500
  • Flexible maturity dates from 6 months to 5 years
  • Dividends compounded monthly
  • Insured up to $250,000 by NCUA

Ready to start earning more with a certificate of deposit from IHMVCU? Check out our current CD interest rates, or open a CD online!

Open a CD online

happy couple opening cd online

Earn 2.20% APY* for 12 months with our certificates of deposit.

Open a CD today

*APY = Annual Percentage Yield. $500 min. average daily balance required to earn dividends. There may be a penalty for early withdrawal. Other terms and rates available.