View Message

Notice: Digital Banking & NYMCU Mobile App Are Up and Running!
We’re happy to share that NYMCU Digital Banking and our Mobile Banking App are fully operational and working as expected. You can log in anytime to check balances, transfer funds, pay bills, and manage your accounts with confidence.
Thank you for being a valued MCU member — we’re here for you!

Certificate of Deposit (CD)

A type of savings account that offers a fixed interest rate and a fixed term of deposit, typically ranging from a few months to several years.

More Details

A Certificate of Deposit (CD) is a type of savings account that is offered by banks and other financial institutions. In return for agreeing to leave the money in the account for the term, the bank typically offers a higher interest rate on the CD than it would on a regular savings account.

Example

If you have cash that you do not expect to use in the next few years, a CD could be a low-risk and reliable way to invest this money and get a higher interest rate than a basic savings account in return.

Ready to Own the Home of Your Dreams?

Join now to get access to the competitive rates, member-friendly loan products, and educational resources you need to secure an exceptional financial future.

Join Today
Why Join MCU?
final-cta-green-visual-asset_left
final-cta-green-visual-asset_right
final-cta-green-visual-asset-paint-stroke
You are now leaving the Municipal Credit Union website and entering a website hosted by another party. A link to this site is being made available for convenience and informational purposes only. Any products or services accessed through this link are not being provided by Municipal Credit Union and are solely the responsibility of the vendor or merchant hosting this other website. Please be advised that the vendor or merchant hosting this other website may have a privacy and information security policy that is different than that of Municipal Credit Union. Municipal Credit Union disclaims any responsibility for the content of the third-party website you are about to access.