Certificates of Deposit
Grow your savings with a guaranteed interest rate.
Save With Confidence for What’s Next
A certificate of deposit may be a good fit if you’re saving for a future goal and want predictable, guaranteed growth.
Consider a CD for things like:
- Saving a bonus or tax refund
- Building a holiday spending fund
- Setting aside cash for a vehicle purchase
- Planning for a home project next year
- Holding emergency savings beyond your immediate needs
- Looking for a guaranteed return on available cash
What to know about our CDs
Low minimum deposits
We offer a range of CDs with minimum deposits as low as $50.
No deposit limits
You have the freedom to open multiple CDs with no maximum on deposit amounts.
Higher return rates
Jumbo CDs with higher interest rates are available for deposits of $100,000 or more.
Variety of options
We offer terms ranging from 6 – 60 months and different types of CDs.
Earn dividends
Dividends compound quarterly and at maturity. Calculate your earnings.
Federally insured
Funds federally insured by NCUA up to $250,000.
CD options
Learn about our CD options for your needs and saving style.
Choose Your Timeline
Save on a time table that works for you.
Near-term goals, like holiday spending or summer vacation.
Goals for the next year or two, like buying a vehicle.
Something in the next few years, like making home improvements.
Longer-term savings goals, like paying for college.
CD Strategy and Maintenance
Start making the most of your savings.
CD Laddering
Add Flexibility With a CD Ladder.
A CD ladder can help you balance long-term growth with shorter-term access to your money. Learn how using multiple CDs at once can add flexibility to your savings plan.
Easily Manage Your CDs
Open and manage CDs in digital banking.
Open new CDs with internal or external funds in minutes. Use Account Services to renew, select a new term or transfer funds upon maturity.
Calculate Your Earnings
See how much money your CD will earn.
Enter the amount of your CD, term and rate to to see how much interest you'll earn.
Frequently Asked Questions
When your CD matures, you’ll have a 10-day grace period to choose what happens next. You can:
- Let your CD renew
- Withdraw your money and close the CD
- Choose a different term
If your CD renews, you’ll keep the same account number and receive the advertised rate available at the time. If we no longer offer your term, your CD will renew for the next-shortest available term. If a shorter term isn’t available, we’ll move the money to your savings account.
If you renew your CD and add new money equal to at least 10% of the original CD balance^, you’ll receive a 0.10% increase on the prevailing rate at the time of renewal.
To view your CD and explore your options, log in to digital banking and go to Accounts & Loans > Account Services.
If you don’t want to make changes, there’s nothing you need to do. Your CD will automatically renew for the same term at the advertised rate available at that time.
*APY = Annual Percentage Yield. Interest on CDs is compounded quarterly. APY is subject to change after account is opened except for CDs, the APY doesn't change on CDs until it matures. Interest rate locked when account is opened except for bump-up CDs, which can be converted to a higher rate once during their terms. Penalty may be imposed for early withdrawal, and fees could reduce earnings on account. Other rates and terms available. Withdrawal of earnings could reduce APY. APY may vary based on market. Membership required to open a CD and is subject to qualifications and a minimum $5 share deposit. Federally insured by NCUA.
^ To qualify, members must renew their maturing CD at the current term or select another available CD term at Veridian’s current rates and add new money to the renewing CD equal to at least 10% of the original CD balance. The minimum new money required to add to the renewing CD is $1,000 or 10% of your balance, whichever is higher. The maximum new-money deposit is $10,000.
