Guardian Credit Union offers two types of Certificates of Deposit (CD) to our members. We offer a Traditional CD and Education Savings Account (ESA) CD.
Traditional CD Features
A Traditional CD is a great way to put money away that you shouldn’t touch until its maturity date. The purpose of a Traditional CD
is for your money to make money as it matures. This account is not designed to make deposits and withdrawals once opened. Early withdrawal may result in a penalty charge. Fee percentage is calculated based on account balance at time of withdrawal. Traditional CD can be withdrawn in full once maturity has been reached without penalty.
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Minimum deposit of $500
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Terms range from 3-60 months
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Interest paid monthly into the CD account
Education Savings Account (ESA) CD
Start saving now for educational expenses with an Education Savings Account (ESA) CD. It has a low opening balance requirement and deposits can be made into the account up to the $2,000 annual limit. Contributions to ESA CDs are not tax-deductible, but dividends grow on a tax-deferred basis and withdrawals for qualified education expenses are tax-free. ESA CDs can be established for a child by anyone, and contributions to the account can also be made by anyone.
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Low opening balance requirement
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Contributions are not tax-deductible
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No account maintenance fees
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Deposits up to $2,000 can be made annually
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Withdrawals for qualified education expenses are tax-free
Review current rates and terms.