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Public Service Credit Union prides itself on being top of the list in customer service. Like with most credit unions all members are part-owners. This means that whatever steps the credit union takes will also be steps that help its members. They also offer extensive identity theft protection to keep their members safe.

PSCU CD Rates Offers

The promotional special offer by PSCU CD Rates is;

7-Month CD at 5.20% APY

  • Term Duration: 7 Months
  • Enjoy an attractive 5.20% Annual Percentage Yield on your investment.
  • Dividend Paid at Maturity
  • Special Offer with $1,000 Minimum
  • No Maximum Limit

Considerations: Keep in mind that all rates are subject to change without notice, and fees may apply, potentially affecting your overall earnings. Ensure you review the terms and conditions for a comprehensive understanding.

Pros & Cons

ProsCons
Competitive 5.20% APYLimited time offer, subject to change
Short 7-month termPenalty for early withdrawal

How do PSCU CD Rates Compare?

PSCU’s 7-Month CD at 5.20% APY offers competitive terms in the market. When compared to other financial institutions like Mastercard, Republic Bank, and FIS, PSCU’s CD stands out with its attractive 5.20% APY, short 7-month term, and no maximum limit. 

The federally insured aspect of the NCUA adds a layer of security for investors.

While each institution may have its own set of offerings, PSCU’s CD rates and terms are noteworthy, especially for those seeking a balance of competitive returns and a relatively short investment horizon. The potential investors should review the specific terms, rates, and features offered by each institution to make an informed decision based on their financial goals and preferences.

Are PSCU CD Rates Competitive?

Yes, PSCU’s 7-Month CD at 5.20% APY reflects competitive rates in the current market. 

With a short 7-month term, a substantial 5.20% Annual Percentage Yield, and the flexibility of no maximum limit, this offering positions itself as an attractive option for savers looking to maximize returns within a limited timeframe. 

However, it’s important to note that this information is based on the data provided and may be subject to change, so potential investors should verify current rates and terms before making a decision.

Overview PSCU 

To open a CD with Public Service Credit Union you will need to become a member with them. To become a member you must live, work, or worship in the state of Michigan or have an immediate family member with an account there. You must also open a savings account and deposit at least $25.00 and no more than $500.00. 

Availability 

In order to open a CD with Public Service Credit Union you will need to become a member with them. To become a member you must live, work, or worship in the state of Michigan or have an immediate family member with an account there. You must also open a savings account and deposit at least $25.00 and no more than $500.00. 

Locations PSCU

Branches in Michigan 

The branches in Michigan are:

Romulus Branch, Cadillac Place, Flat Rock, Focus: Hope, Garden City, Grosse lle, Millender Center, Redford South, Redford North, Oak Park, Taylor, Trenton, VA Medical Center.  

Frequently Asked Questions

How does PSCU’s 7-Month CD compare to similar products offered by competitors?

PSCU’s 7-Month CD stands out with its competitive 5.25% APY, short-term commitment, and no maximum limit. 

What steps should I take to open a 7-month CD with PSCU?

To open a 7-month CD with PSCU, you generally need to meet the $1,000 minimum deposit requirement. Contact PSCU or visit their website for detailed instructions on the application process.

How is the interest on the 7-month CD taxed?

Interest earned on the 7-month CD is typically subject to taxation. For this need, it is better to consult or contact a tax professional to understand the specific tax implications based on your circumstances.