Credit Union CD Rates in Pennsylvania

If you’re looking for a safe option to build upon your savings in Pennsylvania, consider investing in a CD with competitive rates, like our 20-Month CD with 3.04% APY, an opportunity that will be available for a limited time!

A member-owned, non-profit organization, Bellco FCU focuses on working for the community of Berks County, PA. We offer all of the financial facilitation you might need with a hometown smile and friendly terms and policies.

Understanding Certificates of Deposit (CD)

A CD, otherwise known as a Certificate of Deposit or a Shared Certificate, is a valuable financial product used for savings with the added benefit of higher interest returns.

To save through a CD, the investor will pledge to leave a set amount of money with Bellco FCU for a certain period of time in order to receive a specific amount of interest at the end. This form of savings promises a greater return than a standard savings account.

Saving through a CD is safer than stocks and bonds, but it also offers less opportunity for return. The rate of return is guaranteed even though the interest rate may be conservative when compared to other investment options.

Should you need to take your money out of a CD early, you should expect to pay a penalty.

An agreement to take out a CD, defines four specific factors:

  • Fixed interest rate - will not change whether interest rates rise or fall

  • Fixed term - an established period of time that you allow Bellco FCU to hold your funds, which we will use to cover lending and overhead during that period. You will earn more interest with longer terms.

  • Fixed principal - the set amount deposited

  • Fixed source - Bellco FCU, for instance, has specific policies about our CDs.

Choosing a CD is an excellent choice for those with a bit of extra cash that can be invested for the short term. Investing in the stock market should be more of a long-term plan because of the potential for losses in the short term

If you value conservative investments and fear the risk of losses, a CD is a sure bet. Very little loss risk comes with this investment product. Further, you’ll find that the penalty faced with early withdrawal is motivation to avoid spending your savings.

Choose Bellco FCU

Bellco FCU provides a range of savings options, including both savings accounts, CDs, and money market accounts. To access any of our products or services, you’ll first need to become a member-owner.

Joining is easy! First, you’ll need to establish that you either live, work, worship, or attend school in Berks County, PA, or that an immediate family member is already a member of the credit union. If you meet any of these qualifications, a minimum deposit of as little as $5 is sufficient to become an owner/member of the credit union.

Members of Bellco FCU can feel comfortable depositing funds because we’re insured as part of the NCUA, which covers deposits up to $250,000, just as the FDIC does for traditional banks.

Other convenient benefits our members enjoy include:

  • Free mobile banking

  • Free eStatements

  • Free online banking and bill pay

  • Access to 30K+ free ATMs

  • Access to nationwide shared branches

If you’ve been evaluating the various investment opportunities in front of you, consider Bellco FCU. Our credit union offers competitive CD rates for savers in Pennsylvania. Learn more today by contacting us online or reaching out via phone at (610) 373-5192.