Best Credit Union CD Rates in Oklahoma, OK - July 13, 2024

PRODUCT INFORMATION Credit Union One-Year Certificates of Deposit 2024 Credit union certificates of deposit (“CDs”, also commonly called “time deposits” at credit unions) arecontract-based and time-based savings vehicles that are offered by credit unions. In return for agreeing to keep your money tied up with the credit union for a given time period (in the case of 1-year CDs, the period is obviously 1-year), you earn a fixed rate or return that cannot change over the course of that period. Should you need your money before the expiration of the contractual period, the penalties for early withdrawal can be severe. Not all credit unions even offer early withdrawal, and many that do maintain the right to deny it in their terms and conditions. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union.Many Americans enjoy performing their banking transactions with credit unions citing better rates, non-profit status (owned by its d...