Certificates of Deposit (CDs)

Earn More With Certificates of Deposit (CDs)

Garden State CDs are the no-risk solution when you are want to diversify your stock portfolio, need additional income today or want to save for your children’s education or your retirement. You can purchase a certificate for as little as $1,000 and choose a term from three to 60 months.

Garden State CDs are the no-risk solution when you are want to diversify your stock portfolio, need additional income today or want to save for your children’s education or your retirement. You can purchase a certificate for as little as $1,000 and choose a term from three to 60 months.

IRA Certificates – Rollover / New Balances $1,000 – $19,999.99

APR APY Info and/or Terms
0.20% 0.20% 3 months
0.25% 0.25% 6 months
0.30% 0.30% 9 months
0.40% 0.40% 12 months
0.50% 0.50% 18 months
0.60% 0.60% 24 months
0.70% 0.70% 30 months
0.70% 0.70% 36 months
0.75% 0.75% 48 months
0.90% 0.90% 60 months

IRA Certificates – Rollover / New Balances $20,000+

APR APY Info and/or Terms
0.40% 0.40% 3 months
0.45% 0.45% 6 months
0.40% 0.40% 9 months
0.60% 0.60% 12 months
0.70% 0.70% 18 months
0.80% 0.80% 24 months
0.90% 0.90% 30 months
0.90% 0.90% 36 months
0.95% 0.95% 48 months
1.10% 1.11% 60 months

Ladder Your Certificates To Increase Your Return

You can increase your overall certificate investment return and retain liquidity with a technique called laddering. Instead of investing $5,000 in one certificate, invest in 5 separate credit union certificates.

For example, purchase a 1-year, 2-year, 3-year, 4-year, and 5-year certificate. Each year simply roll the certificate that comes due into a new higher yield 5-year certificate. This way, you will have 20% of your funds coming due each year. By the fifth year, all of your certificates will be receiving the highest interest rate.

Consider the Benefits

  • Staggering maturity dates ensure that you will always have access to part of your funds within one year.
  • The annual maturity dates give you the opportunity to reinvest your savings in higher yield certificates should rates go up.
  • You can ladder your maturity dates to match the timing of your financial goals, including college tuition, vacation plans, home improvements and retirement.

Because your Garden State accounts are federally insured, certificates offer the benefits of a guaranteed fixed income with no risk to your principal. Call or stop by the credit union for the complete details. We can help you establish an investment plan that meets your financial goals.

All credit union deposit accounts, including Certificates of Deposit, are insured by the NCUSIF* for up to $250,000. There are also steps you can take to have higher insured account balances. We can show you how. Call or stop by the credit union for the details. Rates and terms.

*The NCUSIF is the National Credit Union Share Insurance Fund. It is a federally insured program governed by the NCUA (National Credit Union Administration).

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