KEMBA offers Share Certificates of Deposit with maturities ranging from 6 months to 36 months. The interest rates vary for each term. The minimum requirement to purchase a CD is $500 unless otherwise noted. Dividends are compounded monthly, unless you choose to receive a check or have the dividends deposited into another account at the credit union. After the certificate account is opened, you may not make additions into the account until the maturity date stated on the certificate. There is an early withdrawal penalty on each certificate closed prior to maturity.
Share Certificate accounts automatically renew at maturity. You may prevent renewal, if you withdraw the funds in the account at maturity or if we receive written notice from you. Each renewal is for the same term as the maturing certificate. The dividend rate will be the current rate published at the time of maturity.
I would like to purchase a Certificate of Deposit.