Premier American Credit Union CD Rates
Premier America is dedicated to making sure they are offering higher savings rates, affordable mortgage options, and loans for unexpected emergencies or financial counseling during difficult times, among other things.
Members also seek benefits from personal service, great rates, low fees, and a full complement of deposit, lending, investment, and insurance services. In addition to this, Premier American Credit Union CD Rates are discussed below in detail!
Premier American Credit Union CD Rates Offers
The considerable offers that help the users grow their investment are;
3-Month Certificate Account
- Minimum Deposit: $1,000
- APY/Rate: 4.00%/3.93%
Consideration – Ideal for short-term savings goals or liquidity needs. Offers a fixed interest rate for a 3-month period, providing a quick turnaround for accessing your funds. Consider for flexibility and immediate financial objectives.
Pros & Cons
| Pros | Cons |
| Quick access to funds after 3 months | Lower interest rate compared to longer terms |
6-Month Certificate Account
- Minimum Deposit: $1,000
- APY/Rate: 4.00%/3.93%
Consideration – Similar to the 3-month term but extends the investment horizon to 6 months. Balances competitive rates with a slightly longer commitment. Suitable for individuals seeking a balance between short-term accessibility and increased interest earnings.
Pros & Cons
| Pros | Cons |
| Moderate flexibility for accessing funds | Limited flexibility in choosing maturity terms |
9-Month Special Certificate
- Minimum Deposit: $1,000
- APY/Rate: 4.00%/3.93%
Key Features – This special 9-month option provides flexibility at a competitive rate. It bridges the gap between short and mid-term investments. Consider for those who want a favorable rate without a long commitment.
Pros & Cons
| Pros | Cons |
| Competitive rate with a short-term commitment | Not as short-term as the 3-month term |
11-Month Special Certificate
- Minimum Deposit: $1,000
- APY/Rate: 5.00%/4.88%
Consideration – A unique offering with a higher interest rate, suitable for individuals with a slightly longer investment horizon. This term could be appealing to those looking for a balance between a short-term commitment and enhanced returns.
Pros & Cons
| Pros | Cons |
| Low minimum deposit of $1,000 | – |
12-Month Certificate Account
- Minimum Deposit: $1,000
- APY/Rate: 4.00%/3.93%
Consideration – A standard 12-month term providing a fixed interest rate. Suitable for those looking for a slightly longer commitment with the benefit of competitive rates. Offers a balance between short-term accessibility and earning potential.
Pros & Cons
| Pros | Cons |
| Longer-term commitment with a competitive rate | Lower interest rate compared to shorter terms |
How does Premier American Credit Union Compare?
Premier American Credit Union distinguishes itself with competitive Certificate of Deposit offerings, catering to a diverse range of investor needs.
With a low minimum deposit of $1,000 across all terms, the credit union ensures accessibility for various financial capacities.
While consistently providing competitive rates, particularly with the 11-month Special Certificate boasting a 5.00% APY, Premier American Credit Union emphasizes flexibility with terms ranging from 3 to 12 months. However, it’s important to note the limited flexibility in choosing maturity terms. This credit union positions itself as a reliable option for those seeking a balance between short-term liquidity and competitive returns on their investments.
Overview Premier American Credit Union
Premier America came to be in 1957 when it was originally founded. Since then, they have expanded and have over 100,000 members and $3 billion in assets. Despite being as large as they are, Premier America is still focused on providing its customers with the best customer service around.
Premier America believes that by working together, a community can create better financial solutions for all. Because the employees of Premier America are also its clients, you can rest assured that your needs will always be put first.
Like with most credit unions, you must already be a member of Premier America to open up a CD with them. If you would like to become a member, all you need to do is reach out to Premier America with all of your information to create an account.
Premier America is available 24/7 thanks to its mobile banking app, which is available to all members of the credit union. This app allows users to access their accounts at any time of the day, no matter what day of the week it is.
The goal of Premier America Credit Union is to serve its members, who just so happen to be their employees as well.
Availability
Like with most credit unions, you must already be a member of Premier America in order to open up a CD with them. If you would like to become a member, all you need to do is reach out to Premier America with all of your information to create an account.
Locations Premier American Credit Union
Branches in California
The branches in California are:
Burbank, Camarillo, Chatsworth, Granada Hills, Oxnard, Port Hueneme, Reseda, Santa Clarita, Santa Monica, Simi Valley, Thousand Oaks, Universal City, Ventura, Woodland Hills, and Westlake Village.
Frequently Asked Questions
Generally, traditional CDs may not have ongoing maintenance fees. Premier American Credit Union strives to keep fees transparent.
Upon reaching the maturity date, you have several options. Premier American Credit Union typically provides a grace period during which you can make changes, withdraw funds, or roll over the CD into a new term.
Premier American Credit Union often offers the option for automatic renewals. This means that when your CD reaches maturity, it can be automatically renewed for the same term unless you choose a different option. This provides convenience for those looking to maintain their investment.
Premier American Credit Union typically provides online banking services that allow customers to check the status and performance of their CDs. Through the online portal, you can monitor account activity, view statements, and track the growth of your investment.