Delta Credit Union’s Certificate of Deposit CD rates is a smart move. So in case whether you’re a seasoned investor or just starting to build your financial portfolio, the Delta Credit CD can be a stable and rewarding addition. To get a more precise overview, here is the comprehensive analysis stated below;

Delta Credit Union CD Rates offers

The Delta Credit Union CD Rates are;

6-Month CD Term

Key Features

·         Rate: 3.92%
APY: 4.00%
Minimum Opening Deposit: $1,000.00

Considerations

  • With a minimum opening deposit and balance requirement of $1,000.00, it’s accessible to a range of investors.

Pros & Cons

ProsCons
High 4.00% APYShort-term, limited time for investment
Competitive rateEarly withdrawal penalties apply
Low $1,000 opening deposit

12-Month CD Term

Key Features

·         Rate: 5.03%
APY: 5.15%
Minimum Opening Deposit: $1,000.00

Considerations

  • Suited for those looking for a slightly higher return without committing to a longer-term CD.

Pros & Cons

ProsCons
Strong 5.15% APYOne year commitment
Early withdrawal penalties apply

24-Month CD Term

Key Features

·         Rate: 4.41%
APY: 4.50%
Minimum Opening Deposit: $1,000.00

Considerations

  • Offers a mid-term investment option with a competitive rate of 4.41%.

Pros & Cons

ProsCons
Solid 4.50% APYLimited Commitment

36-Month CD Term

Key Features

·         Rate: 3.92%
APY: 4.00%
Minimum Opening Deposit: $1,000.00

Considerations

  • Maintains the $1,000.00 minimum opening deposit for accessibility.

Pros & Cons

ProsCons
Stable  APYLiquidity Problems
Penalty Occurs

Are Delta Credit Union CD Rates Competitive?

Delta Credit Union CD rates can be considered competitive within the current financial landscape. The APYs offered, ranging from 3.92% to 5.15%, position these CDs favorably compared to many other traditional savings options. The rates offered provide a balance between competitive returns and the stability associated with the certificate of deposit investments.

The 6-month CD term, with a 4.00% APY, offers a competitive short-term option, while the 12-month and 24-month terms with 5.15% and 4.50% APYs, respectively, provide attractive mid-term choices. Even the longer-term 36-month and 60-month CDs, maintaining a 4.00% APY, stand out as robust options for those with a more extended investment horizon.

Overview Delta Credit Union

Delta Credit Union, or Delta Community Credit Union, was founded by eight Delta Airlines employees with a combined capital of just $45. It was meant to serve as a not-for-profit method of helping their peers reach financial success.

The Union has become Georgia’s largest credit union and strives to share the benefits it gains from its customers with the surrounding community. They state those eight employees, who founded the Union, as their inspiration. 

The Delta Credit Union has several community investment initiatives. These include their activities with local chambers of commerce, schools, and charitable organizations. They take every opportunity to funnel proceeds from business back into the communities they serve.

They currently work to support the Children’s Miracle Network. They do this through their relationship with Credit Unions for Kids. The Delta Credit Union is a philanthropic fund, which enables them to enter into mutually beneficial relationships with the communities they represent.

Delta Credit Union offers both in-person and online services and its CDs have very high annual percentage yields. For this reason, the Union feels it has found the best combination of sustainability and profitability for its customers and clientele.

Availability

As stated above, CDs are restricted to those with the ability to make an initial $1000 deposit. Joint ownership and beneficiaries are permitted. Anyone wishing to open a CD at Delta Credit Union must call a branch and speak with a representative.

Locations Delta Credit Union 

Branches in Georgia

Delta Credit Union has the following branches in the state of Georgia, among others:

  • Stockbridge
  • Atlanta
  • Decatur
  • College Park
  • Peachtree City

Frequently Asked Questions

What is the minimum deposit required to open a Delta Credit Union CD?

The minimum opening deposit for all Delta Credit Union CD terms is $1,000. This ensures accessibility for a diverse range of investors looking to maximize their returns.

Are there any penalties for early withdrawal from a Delta Credit Union CD?

Yes, there are early withdrawal penalties that may vary as per the withdrawal perspectives.

How often is the interest compounded on Delta Credit Union CDs?

Most specifically, Interest on Delta Credit Union CDs is typically compounded regularly.

Can I add funds to my Delta Credit Union CD after the initial deposit?

Generally, Delta Credit Union CDs do not allow additional deposits after the initial Deposit.

How will I receive interest payments from my Delta Credit Union CD?

Delta Credit Union typically offers various options for receiving interest payments, including crediting the interest to the CD, transferring it to another account, or receiving a check.