TTCU Federal Credit Union CD Rates
TTCU Federal Credit Union is making more authenticated routes in terms of financial terms. Considerably, it favors the consumers to uphold the investment and seek fixed returns for financial growth. To provide you more authenticated overview in terms of TTCU Federal Credit Union CD Rates, here is the precise analysis stated next;
TTCU Federal Credit Union CD Rates Offers
The reasonably significant CD rates are;
45-Day Certificate
- Minimum Deposit: $1,000
- Dividend Rate: 4.668%
- APY: 4.750%
- Considerations:
- Short-term investment with a higher-than-average dividend rate.
- Suitable for individuals seeking quick returns within a limited time frame.
Pros & Cons
| Pros | Cons |
| High dividend rate | Limited investment horizon |
| Quick returns | Limited liquidity due to short maturity |
3-Month Certificate
- Minimum Deposit: $1,000
- Dividend Rate: 2.967%
- APY: 3.000%
- Considerations:
- Low-risk investment with a moderate dividend rate.
- Provides a slightly higher return than standard savings accounts.
Pros & Cons
| Pros | Cons |
| Moderate dividend rate | Relatively lower return than longer terms |
6-Month Certificate
- Minimum Deposit: $1,000
- Dividend Rate: 3.211%
- APY: 3.250%
- Considerations:
- Balanced option with a reasonable dividend rate and moderate term.
Pros & Cons
| Pros | Cons |
| Balanced risk and return | Moderate dividend rate |
9-Month Certificate
- Minimum Deposit: $1,000
- Dividend Rate: 4.909%
- APY: 5.000%
- Considerations:
- Higher dividend rate, making it an attractive option for those willing to commit for the medium term.
Pros & Cons
| Pros | Cons |
| High dividend rate | Longer commitment than shorter terms |
12-Month Certificate
- Minimum Deposit: $1,000
- Dividend Rate: 3.211%
- APY: 3.250%
- Considerations:
- Suitable for individuals looking for a fixed-rate return over a longer term.
- Provides better liquidity compared to longer-term certificates.
Pros & Cons
| Pros | Cons |
| Stable and moderate return | Longer commitment than shorter terms |
| Better liquidity than longer terms | Limited liquidity during the term |
18-Month Certificate
- Minimum Deposit: $1,000
- Dividend Rate: 2.967%
- APY: 3.000%
- Considerations:
- Long-term investment with a slightly lower dividend rate.
- Appeals to individuals with a more extended investment horizon.
- Offers a balance between risk and the potential for returns.
Pros & Cons
| Pros | Cons |
| Appeals to extended horizon | Limited liquidity during the term |
19-Month Certificate
- Minimum Deposit: $1,000
- Dividend Rate: 4.426%
- APY: 4.500%
- Considerations:
- Slightly longer than standard options, providing a middle ground between short and long-term investments.
Pros & Cons
| Pros | Cons |
| Balanced risk and return | Considerable liquidity post term |
How do TTCU Federal Credit Union CD Rates Compare?
TTCU Federal Credit Union CD rates can be compared to other banks and financial institutions to assess their competitiveness.
- In the present consideration, Discover offers a 4.80% annual percentage yield for a 12-month CD with a minimum deposit of $2,500.
- CIT Bank follows closely with a 4.65% APY for a 13-month CD and a minimum deposit of $1,000.
- Nationwide and U.S. Bank provide rates of 4.75% and 4.890%, respectively, both for 12 and 9-month terms with varying minimum deposits.
In comparison, Discover stands out with the highest APY and a slightly longer term, making it an attractive option for individuals willing to commit a higher initial deposit for a potentially greater return.
CIT Bank’s 11-month CD offers a competitive rate for those seeking a shorter commitment, while Nationwide and U.S. Bank provide lower rates with shorter terms and lower minimum deposit requirements.
TTCU Federal Credit Union should be evaluated based on its specific CD offerings, considering factors such as minimum deposit requirements, term lengths, and APYs.
The comparison concisely illustrates that Discover and CIT Bank offer higher rates, but individuals should weigh these rates against their own financial goals, risk tolerance, and investment preferences before making a decision.
Additionally, it’s essential to consider the overall financial services and features offered by TTCU Federal Credit Union to determine its overall value for the individual’s financial needs.
Overview TTCU Federal Credit Union
TTCU Federal Credit Union requires membership before you can begin to set up a CD, which can be done online or at one of their branch locations. Both checking and savings accounts at TTCU come with various member rewards such as cashback and member-only access to increased APYs as they become available.
Availability
TTCU Federal Credit Union requires membership before you can begin to set up a CD, which can be done online or at one of their branch locations. Both checking and savings accounts at TTCU come with various member rewards such as cashback and member-only access to increased APYs as they become available.
Locations TTCU Federal Credit Union
Tulsa – Downtown, Midtown, Eastland, NorthPointe, Riverside, Southeast
Metro – Bixby, Broken Arrow North & South, Jenks, Owasso, Sand Springs, Sapulpa
Northeast Oklahoma – Claremore, Miami, Muskogee, Tahlequah
OKC Metro – Quail Springs
Frequently Asked Questions
Begin by considering the APY, minimum deposit requirements, and the specific terms offered by TTCU Federal Credit Union in comparison to other banks. Additionally, factor in your own financial goals, risk tolerance, and the overall financial services provided by the institution.
Yes, TTCU Federal Credit Union typically provides a versatile range of CD terms and minimum deposit options.
Early withdrawal policies for CD accounts at TTCU Federal Credit Union may vary based on the specific terms of the CD. Review the CD agreement or contact the credit union directly to understand any penalties or restrictions.
To open a CD account with TTCU Federal Credit Union, individuals generally need to visit a branch or access the online banking platform. The process typically involves providing personal information, selecting the desired CD term and deposit amount, and agreeing to the terms and conditions.