Certificates of Deposit

A Certificate of Deposit (CD) is a great choice if you want to put your savings somewhere safe and get a competitive rate for your money that’s better than rates you would get in a savings account or high-yield checking account.

Plus, CDs are flexible. You can choose the term of your CD, from a minimum of 12 months up to 4 years or anywhere in between, we call it Member's Choice Maturity. And it’s only available for Central Willamette members.

We're going to BUMP you up!

When you invest in a 12 or 24-month certificate of deposit you can choose a “Bump” Certificate*. These certificates give you the opportunity to bump your rate up once at any point during the certificate term. In a rising rate environment, this is the perfect way to earn more on your deposit without experiencing FOMO (fear of missing out) on a higher rate!

CDs As Low As $500

Current rates offer a variety of options if you want to create a CD laddering strategy to protect your investment and maximize your returns. CDs are also a great choice if you simply want to lock away some money for a specific period and get more interest on it than you would in a checking or savings account.

You can get started with a certificate of deposit for a little as $500. Just remember, the money will be unavailable for the term you agree to, so only put money in that you won’t need for that time frame. Otherwise you may be subject to early withdrawal penalties.

 

Frequently Asked Questions

A: Central Willamette offers a variety of certificate products and terms to fit your financial needs. Please see our rates page for our current CD rates.
A: You can join Central Willamette if you live or work in Linn, Benton, Marion or Polk County or have an immediate family member that is a current member and you meet the eligibility requirements. You will need to provide 2 pieces of current identification, one of which must be a government issued photo ID, and proof of address. With a deposit of only $5.00, you can open your membership account. You can either apply for membership online or, stop by one of our branch locations.
A: Unlike banks, Credit Unions are member-owned financial cooperatives and are governed by a volunteer Board of Directors. When you join Central Willamette, your initial deposit to open a share account establishes your membership and makes you a part-owner. We offer a full spectrum of products and services to meet all of your financial needs.

Open an Account Today

Open an account online or stop by one of our branches with a valid government ID (driver’s license, US passport, etc) and proof of address (a utility bill in your name). In less than 30 minutes of your time you’ll become a Central Willamette member for life.

And as a member, you also get access to all our online banking services, including mobile check deposit, fund transfers and more!

Choose one of these options to get started:

Open OnlineVisit a BranchContact Us

.*APY=Annual Percentage Yield. Certificate is a 12 Month term. Rates are current as of 3/14/19. $500 is required to open CD account. Promotion available for both consumer and business certificates. Early withdrawal penalties may apply. Fees could reduce earnings. Only available on new certificates and funds not currently on deposit at Central Willamette Credit Union. Limited time offer, subject to change without notice. Federally insured by NCUA.