Certificate of Deposit

Certificate of Deposits (CD) are a great way to start reaching your financial goals.  To help you maximize the return on your investment, XCEL Federal Credit Union offers the highest dividend rates possible.

  • Minimum certificate balance is $500
  • No maximum deposit on current dividend certificates
  • Available Terms for certificates are: 91 days, 6, 12, 24, 36, 48, or 60 Months
  • Certificates may be for current dividends or designated as an IRA Certificate for tax-deferred dividends
  • Qualified rollover IRAs may also be designated as IRA Certificates
  • Early withdrawal of money may result in a penalty
  • Certificates are federally insured to $250,000 by the NCUA

IRA Certificate of Deposit

Since you already understand how a certificate works, an IRA Certificate is very similar.  It’s also a “time deposit.”  Meaning, your interest rate is based on how long you decide to tie up this money.  The longer the term, the greater the dividend you will earn.  So it really makes sense to put as much money as you can into an IRA Certificate.  It’s your retirement, we can help you make it more enjoyable!

No long-term investment is needed to earn great rates with XCEL’s IRA Accounts!  Invest from 91 days to 60 months with a minimum deposit of only $500.  The longer the investment, the more you earn!

  • Available Terms: 91 days, 6, 12, 24, 36, 48, or 60 months
  • Deposits can be made in person or banking-by-mail
  • Dividends are compounded monthly from day-of-deposit to day-of-withdrawal
  • Qualified rollover IRAs may also be designated as IRA Certificates
  • Maximum annual deposit to an IRA Certificate or savings is $5,000 (Excludes Catch-Up Deposits)
  • IRAs are federally insured up to $250,000 by NCUA

XCEL will be upgrading Internet Banking and Bill Pay on March 30th. Please log into your account to see a list of all the new features.