Certificates of Deposit (CDs)
Right now, Northeast Community Credit Union has
unbeatable rates of return on Certificates of Deposit (also known as
CDs). CDs are excellent investments with the great added benefit
of having no risk. All accounts are federally insured up to
You have the opportunity to earn even
higher dividends when you have your checking account or mortgage
loan with us. You can add up to an additional .40% APR on
our posted rates; .20% APR with checking and .20% APR if
your home loan is with us. We value your relationship with
us and reward you with better investment and loan rates.
CDs offer higher interest than regular savings accounts and they
are a far safer investment than the stock market.
Savings certificates offer a guaranteed rate over a specific
amount of time.
CDs require a minimum deposit and dividends are paid monthly
into one of your designated accounts or may be paid at maturity.
Call 423-547-1200 now to lock in a great rate
for your investment. For a look at our current CD (Term
Certificates of Deposit) rates,
With the variety of CD products offered you are sure to find one that
will fit your needs.
Nest Egg CD
Simple Savings CD
Make regular deposits through payroll deduction or
direct deposit on this 24 month CD. No minimum required to the the
Simple Savings CD. Simply start your regular deposits that will result in a
balance of $1,000 at the end of the 2 year period. As a bonus for saving
and building your CD we will ad an additional $50 to your CD maturity.
*Only one Simple Savings CD per member, please.
6 Month, 12 Month, 18 Month & 24 Month CDs
12 Month Add-On CD
Minimum deposit of $500 to open
Deposits may be made anytime in increments of $250
Dividends paid at maturity
20 Month Bump Up CD
With the Bump-Up CD, you have the ability to change
your interest rate one time during the 20 months. If rates go up you
aren't locked in to your original rate...give us a call and say..."Bump
it up" and we will change your interest rate to the higher rate.
CD Penalty Information
If the CD is matured early, an amount equal to
90 days interest will be charged as a penalty on CDs 12 months or less.
An amount equal to 180 days interest will be charged as a penalty if the
CD is more than 12 months. No penalty for early withdrawal due to death
of account holder. A penalty may be waived for medical emergencies or
Christmas Savings Account
Plan ahead for the Christmas season with a Christmas
Savings Account. You can make deposits automatically by Payroll
Deduction or Direct Deposit, in person, or by transfer using home
banking or Gabby, our phone teller. When the holidays approach, your
account balance is ready for you to pick up or call and we will transfer
it to your checking account. No need to borrow for the holidays--you've
already planned ahead!
Individual Retirement Account (IRA)
IRAs are a safe and smart way to build wealth for the
future while earning tax advantages today. Many financial and investment
institutions require thousands of dollars in initial investment to open
an IRA. At Northeast Community Credit Union, you can open an IRA with an
initial investment of only$100. Also, you can choose the type of IRA
that suites your investment needs the best: Traditional, Roth or
For details on the different types of IRAs, or to open
one for yourself or your child, call member services at
423-547-1200. It's your future--invest in it.
Money Market Accounts
A NCCU Money Market Account combines the benefits of a
CD and a regular savings account. Unlike CDs where you have to wait to
withdraw your funds until the maturity date, you can make withdrawals
anytime you'd like. There is a $2,500 minimum deposit required to open a
Money Market Account and it is possible to earn higher interest rates
depending on the balance in your account! As a NCCU Money Market Account
holder, you are permitted up to six (6) checks during any statement
Now is the time to teach your kids the importance of
saving money. Northeast Community Credit Union will help you set up a
savings plan for your children and guide them on their way to developing
financial habits that will carry into their future. For more information
on Youth Accounts call a member service representative at
423-547-1200 today! It's never too soon to start your child
saving for their future.
Safe Deposit Box Rental
fees are due ANNUALLY
3 x 5
3 x 10 =
5 x 10 =
10 x 10 = $55.00
- Annual box rental fees are payable
in advance on March 31st
of each year. These fees are
automatically deducted from your
- A late fee of $10
will be applied if rental is not paid on
- A replacement fee of $25
(or current locksmith rate)
will be charged to you if your key is
- A replacement fee of $100
(or current locksmith rate)
will be charged to you if both
keys are lost.
Notice to boxholders:
No liquid, dangerous, illegal
or offensive contents are pemitted in a safe deposit
box. Firearms are not permitted in a safe deposit
box. If the credit union suspects that such item(s)
have been placed in a box, the credit union has the
right to forcibly open the box for inspection and
remove the item without prior notice to the renter.
The credit union does not insure the contents,
including cash, of a safe deposit box. Insurance
protection for all box contents must be obtained by