FAQs Contact Us
Certificate of Deposit Accounts
1565 Mineral Spring Ave.
North Providence, Rhode Island
Monday to Friday 9 am – 3 pm
Saturday 9am – 12pm Eastern Time

What is a Certificate of Deposit (CD)
and why should I invest in one?
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Can I make withdrawals from
my CD account?
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What is the minimum amount and
term required to open a CD?
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See all FAQsClick here for details

A Certificate of Deposit (CD) is a form of time deposit, meaning it will mature on a given date, which depends on the term of the CD. Consider a CD if you want a fixed rate for a specific term and do not need regular access to your money. Total deposits, including CDs, are FDIC-insured to the maximum amount allowed by law.

In general, you can withdraw the interest earnings on a CD at any time without an interest penalty. Withdrawals of principal ? the amount originally deposited — are allowed only during a 10-day grace period that occurs at the end of the CD term. Withdrawals of principal any other time during the term of the account may be subject to an early withdrawal penalty. The amount of this penalty is disclosed in your Rates and Fees schedule.

You can open a traditional CD with as little as $100 and for a term of only 3 months. Union Federal CDs are available only at our Rhode Island branch.

Enjoy solid returns on long-term savings.

Get returns you can count on with a Union Federal CD. If you
can afford to set aside funds for a few months or a few years,
you can take advantage of a way to save that avoids market
fluctuations. With only one rate for the full term of your CD,
you’ll know in advance what your investment will produce.
CDs are available only at our Rhode Island branch.

High interest rates guaranteed full-term.

• Flexible deposits and terms
• No monthly fees

Open a CD today for as little as $100
Certificate of Deposit Rates
Type/Term Interest Rate APY1
3-month CD
6-month CD
9-month CD
1-year CD
1 Annual Percentage Yield (APY) for CD accurate as of
 and subject to change without notice. Minimum opening deposit is $100. There is no minimum balance to earn the advertised APY, however advertised APY assumes interest earned is kept in the CD for the full term. Fees may reduce earnings on your account. A penalty may be imposed for early withdrawal of Certificate of Deposit.
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