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Safety - accounts insured up to $100,000 by NCUA, a US government agency
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Minimum deposit $500 (not available for all terms)
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Terms: 3 - 60 months
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Rate locked in for entire term
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APY (Annual Percentage Yield) applies to compounded dividends by adding to the CD
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Jumbo rates on minimum investments of $50,000, $75,000 and $100,000
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Monthly dividend options:
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Traditional CDs, plus flexible investment options:
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Add-On CD - make one additional deposit during the term of the CD
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No-Penalty CD - withdraw at any time with no penalty
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Prime Rate CD - rate indexed to Wall Street Journal Prime Rate minus 2.75%
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Bump Up CD - one-time option to increase your rate once during the term of the CD
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Automatic Renewal
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Maturity notices mailed approximately 30 days in advance
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CD secured loans available - avoids penalty for early withdrawal
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Early withdrawal penalty - 90 days loss of dividends or the dividends that have been earned (whichever is less)
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Penalty does not cut into the principal
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No callable option
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Purchase your CDs online at belco@net Select 'Move $' and then 'Buy Certificate'
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