New Limited Time Rates for Federally Insured Certificates of Deposit Announced
The Penn South Federal Credit Union is very happy to announce new limited time rates for federally insured certificates of deposit. Certificates of Deposit are a Members only Service, so book an appointment to join the Penn South Federal Credit Union and/or open a Certificate of Deposit account. You may schedule an appointment to open a new account at the Credit Union, and/or a Certificate of Deposit account, by emailing the Credit Union at PennSouthCreditUnion@gmail.com or by visiting us during office hours. Please include your name, desired appointment slot, and the dollar amount that you wish to deposit in the email. You may also do a “walk-in” (during our hours of operation) although we urge you to make an appointment instead, since there is no guarantee that a walk-in appointment can be accommodated (WALK-INS MAY BE ASKED TO RETURN or RESCHEDULE).
The new rates are:
1.25 % for ONE YEAR $5,000 MINIMUM DEPOSIT
1.75% for THREE YEARS $5,000 MINIMUM DEPOSIT
2.75% for FIVE YEARS $5,000 MINIMUM DEPOSIT
REQUIREMENTS FOR OPENING AN ACCOUNT: You must be 18 years of age to open an account. In addition to whatever you wish to deposit as a Certificate of Deposit, please come to your appointment (or walk-in) prepared with the $50 par value per account holder minimum deposit required to open a Credit Union account ($100 for a joint account). Please budget at least half an hour (to one hour, if you are doing a walk-in) of your time for the account set-up process.
PLEASE REMEMBER TO BRING PHOTO ID.
NOTE: Your deposit will be federally INSURED (up to $250,000) and backed by the full faith and credit of the United States Government by the National Credit Union Administration. Certificates of Deposit will automatically be “rolled over” for another term if we do not hear from you by the maturity of the initial term.