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Share Certificates of Deposit
You can commit
your deposits for a specific term, and earn a higher return
with a certificate of deposit, but with less liquidity. This
is a great alternative for funds you won't be needing right
away. Note: Rates illustrated below are the Annual Percentage Rates (APR)
| Certificate
Term Length |
Interest
Rate |
APY |
Minimum
Deposit to Open Account |
Interest
Paid |
| 3
Month |
2.62% |
2.65% |
$500 |
Monthly |
| 6
Month |
2.86% |
2.90% |
$500 |
Monthly |
| 9
Month |
3.10% |
3.15% |
$500 |
Monthly |
| 12
Month |
3.34% |
3.40% |
$500 |
Monthly |
| 18
Month |
3.49% |
3.55% |
$500 |
Monthly |
| 24
Month |
3.73% |
3.80% |
$500 |
Monthly |
| 30
Month |
3.87% |
3.95% |
$500 |
Monthly |
| 36
Month |
4.02% |
4.10% |
$500 |
Monthly |
| 48
Month |
4.11% |
4.20% |
$500 |
Monthly |
| 60
Month |
4.21% |
4.30% |
$500 |
Monthly |
Annual percentage yield assumes
no withdrawals and that earnings are compounded for 365 days
at the same interest rate.
Substantial interest penalty
for early withdrawal may be assessed on share certificates.
The interest rate and annual
percentage yield are accurate as the date noted above. Please
call Ohio Valley Federal Credit Union at (513) 841-8710 to obtain
current rate information. Unclaimed funds as defined in Chapter
169.02 of the Ohio revised code, state any share savings,
club account, share draft, or matured share certificate of
deposit, together with interest, will be considered unclaimed
if held after a period of five years.
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