A Certificate of Deposit (CD) is a convenient, simple tool for saving money you aren't going to need right away. It offers a specified interest rate and a specific maturity date, so you'll know exactly what to expect from your money. We offer a variety of basic CD options to accommodate your financial needs with some of the most competitive rates you will see anywhere and flexible terms from 3 to 60 months. We offer options to help you find the right CD to fit your savings goals.
Save Up CD
Our Save Up CD is perfect for new savers or current savers learning to save more. Save Up CDs require a low initial investment of just $500, which you can grow over time with additional deposits of $100 or more. You have 12 months to build up your savings at a great fixed rate — plenty of time to save without feeling like you're married to it.
Our Step-Up CD is good if you want to put a little more time into your CD — terms range from 18 months to 60 months with an initial $1,000 deposit. The unique part of a Step-Up CD is this: Step-Up CDs let you increase your rate one time to the rate currently in effect for this kind of CD — and you get to keep your original term.
Rate Mover CD
The Rate Mover CD offers a short term of 18 months or a 48-month term, and the rate adjusts based on changes in the prime rate. The minimum investment is $1,000, and once you've opened it, you can make unlimited deposits of $500 or more.
For Rate Mover Certificate accounts, the initial Interest Rate and Annual Percentage Yield disclosed in the Rate Schedule are established by the Credit Union. Thereafter the Interest Rate may be adjust on the first day of each calendar month to reflect changes in the Prime rate as published in The Wall Street Journal. The amount of the change is based on the difference in Prime Rate as of the current change date and the Prime Rate as of the previous change date. During the term of your account, the Interest Rate will never be less than the initial/opening rate or greater than 2.00% above the initial/opening rate.
The Avadian CD Advantage
We also offer CD Specials at various times during the year, so keep an eye on our rates to know if it's a good time to step up your savings. (It's always a good time, but some times are better than others.) Just pick your product, name your terms, and get started saving.
You can always feel confident knowing your investments are safe with us. The credit union is federally insured by the National Credit Union Administration. Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.