Pawtucket Credit Union CD Rates
Pawtucket Credit Union provides itself as the smarter way to bank. Pawtucket Credit Union is an organization that was founded by and created to benefit its members. Pawtucket Credit Union makes it a priority to provide its members with the best products, services, and CD rates.
Despite its rapid growth rate, Pawtucket Credit Union assures its members that they will remain steadfast in their commitment to delivering a smarter way to the bank.
Here is a detailed analysis of the CD terms and its rate provided below;
Pawtucket Credit Union CD Rates Offers
The commendable CD offers by Pawtucket Credit Union are;
6-Month CD
- APY Rate: 4.50%
- Minimum Deposit: $1,000
Considerations:
- Offers a middle ground between short and long-term commitments.
Pros & Cons
| Pros | Cons |
| Moderate liquidity | Still limited access to funds compared to shorter terms |
8-Month CD
- APY Rate: 4.50%
- Minimum Deposit: $1,000
Considerations
- The 8-month CD offers a higher APY compared to the 3-month and 6-month options, potentially providing a better return on investment.
Pros & Cons
| Pros | Cons |
| Impressive APY | The opportunity cost for potentially higher returns with longer terms |
12-Month CD
- APY Rate: 4.50%
- Minimum Deposit: $1,000
Considerations
- Investors need to be prepared for a longer commitment period, impacting liquidity compared to shorter-term CDs.
Pros & Cons
| Pros | Cons |
| One-year commitment | Limited liquidity over a longer term |
Are Pawtucket Credit Union CD Rates Competitive?
While the Pawtucket Credit Union CD rates mentioned earlier offer stability and lower risk, they may not be considered highly competitive in the current market.
The APYs for these CDs are below 1%, and there are financial institutions offering rates up to 5.00%.
If your primary goal is to maximize returns, especially in comparison to higher-yielding alternatives, you may find more competitive options elsewhere in the market. You should consider your risk tolerance and financial goals when exploring different investment opportunities.
Overview Pawtucket Credit Union
What sets Pawtucket Credit Union apart from the rest of their competitors is their mindset. Pawtucket Credit Union firmly believes in providing bank products while maintaining the small bank’s friendliness and service, both in person and alone. If you think you cannot have it all when it comes to credit unions, then Pawtucket Credit Union will kindly prove you wrong.
To access Pawtucket’s Credit Union CD rates, you must be an active member of their bank. Fortunately, membership applications are quite easy at Pawtucket Credit Union and fast. You should be in and out of the branch in no time.
Pawtucket Credit Union membership is currently open to anyone in MA, RI, and CT. All you have to do is stop by a branch and open an account with them, the minimum deposit is $5.00.
If you would like to become a member of Pawtucket Credit Union here are a few different ways you could contact them:
- By phone
Please call 401-722-2212 or 800-298-2212
Hours of operation are as follows: Monday through Friday, 8 am to 5 pm; Saturday 8:30 am to noon.
- By E-mail
onlinebanking@pcu.org
- By letter/mailing address
1200 Central Avenue, Pawtucket, RI 02861
Availability
In order to access Pawtucket’s Credit Union CD rates, you must be an active member of their bank. Fortunately, membership applications are quite easy at Pawtucket Credit Union and fast. You should be in and out of the branch in no time.
Pawtucket Credit Union membership is currently open to anyone in MA, RI, and CT. All you have to do is stop by a branch and open an account with them, the minimum deposit is $5.00.
If you would like to become a member of Pawtucket Credit Union here are a few different ways you could contact them:
- By phone:
- Please call 401-722-2212 or 800-298-2212
- Hours of operation are as follows: Monday through Friday, 8 am to 5 pm; Saturday 8:30 am to 12 pm (noon).
- By E-mail:
- onlinebanking@pcu.org.
- By letter/mailing address:
- 1200 Central Avenue, Pawtucket, RI 02861
Locations Pawtucket Credit Union
Branches in California
Pawtucket Credit Union currently has no available branches in California; however, they do have many branches in Rhode Island and one branch in Massachusetts. To find these locations, please check their location tabs on their website.
Frequently Asked Questions
The APY for the Pawtucket Credit Union 6-Month CD is 4.50%.
The CD rates provided are generally standard for the specified terms and may not vary based on the deposit amount. The minimum deposit requirement is $1,000.
Typically, CD terms are fixed, and additional funds cannot be added once the CD is opened.
When a CD matures, you have the option to withdraw the funds, roll them into a new CD, or explore other investment options.
Interest on Pawtucket Credit Union CDs is typically paid out at regular intervals, but the specific schedule may vary.