TERM SHARE CERTIFICATES OF DEPOSIT
For the highest yield possible, invest in a British Airways EFCU Term Share Certificate of Deposit. Certificate terms are as short as 3 months or as long as 5 years. The certificates are available for both regular and IRA accounts. With a minimum deposit of $2000 you can earn a higher rate than on your Regular Share or IRA Share Account. Some of the more popular certificates are listed below. If you want more details or want to open a Term Share Certificate of Deposit, visit or call the credit union.
Liquid Certificate of Deposit: Now you can earn a high rate and still have access to your money. This certificate allows you to ADD and WITHDRAW during the one year term, without penalty. Deposits can be made at any time during the term and you can make one withdrawal subject to a minimum of $500 per calendar month without penalty. There is also a minimum balance requirement of $2,000.
Step-up Certificate of Deposit: Invest in a certificate of deposit and not have to worry about rising interest rates. With the Step-up Certificate of Deposit you may ask us to rewrite your certificate if our rates increase. If rates drop, your initial rate remains the same. Once you "Step-up" the certificate is rewritten for a new one year term.
Jumbo Certificate of Deposit: Do you have more than $20,000 to invest and are you looking for a term of 18 months or more? Than the Jumbo Certificate of Deposit may be you best choice. A premium of .125% to .50% is paid on these certificates depending on the amount invested. See the rates page for details.
