Credit Union of Ohio CD Rates

Credit Union of Ohio is offering some of the best CD rates (dividend rates) available from any bank or credit union in Ohio. The credit union is offering regular certificates of deposit and Individual Retirement Account (IRA) certificates of deposit. The CDs range in terms between 3 months and 5 years.

The best credit union CD deal is on their 3 month certificate of deposit. The credit union's current 3 month CD rate is 1.00 percent with an annual percentage yield (APY) of 1.00 percent.

Credit Union of Ohio CD Rates and IRA CD Rates

  • 3 month CD 1.00 % Rate 1.00% APY
  • 6 month CD 1.05% Rate 1.05% APY
  • 12 month CD 1.29% Rate 1.3% APY
  • 10 month CD 1.54% Rate 1.55% APY
  • 15 month CD 1.54% Rate 1.55% APY
  • 18 month CD 1.74% Rate 1.75% APY
  • 24 month CD 1.99% Rate 2.00% APY
  • 36 month CD 2.38% Rate 2.40% APY
  • 48 month CD 2.72% Rate 2.75% APY
  • 60 month CD 2.97% Rate 3.00% APY

Credit Union of Ohio is also offering two other types of certificates of deposit, an Educational Growth Certificate of Deposit and a Bump Up Certificate of Deposit.

Educational Growth Certificate of Deposit

The current CD rate (dividend rate) is 3.50 percent with an APY of 3.55 percent. The CD matures on the child's 18th birth date. The dividend rate is Prime minus 2.95%.  "Prime" is the "The Wall Street Journal Prime" rate published by The Wall Street Journal.  The annual percentage yield will never go below 3.50% APY and will not exceed 8.50% APY.

The Minimum balance required to open an Educational Growth Certificate is $200.  Dividends compound monthly.  There is a penalty for early withdrawal.  The account is not renewable upon maturity.  All proceeds from this account are reported under the Minor's social security for tax purposes.

Bump Up Certificate of Deposit

Exercising your bump-up option means that your dividend rate will adjust to the stated current rate at the time you exercise the option.  The maximum rate adjustment is 100 basis points.

The new rate will carry forward from the date you exercise the bump-up option and will not be retroactive.  The minimum balance required to open a Bump Up Certificate is $5,000 or $10,000.  Dividends are compounded quarterly.  There is a penalty for early withdrawal.

All certificates of deposit are insured by the National Credit Union Administration (NCUA) for up to $250,000. For more information on Credit Union of Ohio and current CD rates visit: CU of Ohio Current CD Rates

Author: Jason P. Jones
April 2nd, 2010

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