Certificates of Deposit (CDs)
A Great Way to Save Money and Earn a Higher Yield
Unlike money market accounts or savings accounts, a certificate of deposit may yield higher interest in exchange for a commitment to save the money for a period of time, from a few months to a few years. You get a guaranteed rate of return, and your money is secure. It’s like having seed money that’s guaranteed to grow.
Contact Us to learn more about certificates of deposit.
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Pays Higher Interest than a Savings Account
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Longer term CDs have Higher Rates of Return
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A Fixed Rate of Return is Guaranteed
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Funds are Insured by the National Credit Union (NCUA)
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No Minimums to Open a Certificate
Individual Retirement Account (IRA)
Use your savings account to help chart your path for retirement planning. iQ offers competitive rates on IRA certificates. Opening an IRA account is your first step to a more secure future.
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Deposit Products Certificates, IRA Certificates
Certificates
Rates Effective as of September 9, 2026
| Term | Interest Rate | Annual Percentage Yield (APY) | Member Perks Rate | Member Perks APY |
|---|---|---|---|---|
| 3-Month | Interest Rate 0.996% | Annual Percentage Yield (APY) 1.00% | Member Perks Rate 1.246% | Member Perks APY 1.25% |
| 6-Month | Interest Rate 2.722% | Annual Percentage Yield (APY) 2.75% | Member Perks Rate 2.972% | Member Perks APY 3.00% |
| 12-Month | Interest Rate 2.477% | Annual Percentage Yield (APY) 2.50% | Member Perks Rate 2.727% | Member Perks APY 2.75% |
| 24-Month | Interest Rate 2.477% | Annual Percentage Yield (APY) 2.50% | Member Perks Rate 2.727% | Member Perks APY 2.75% |
| 36-Month | Interest Rate 2.477% | Annual Percentage Yield (APY) 2.50% | Member Perks Rate 2.727% | Member Perks APY 2.75% |
| 60-Month | Interest Rate 2.477% | Annual Percentage Yield (APY) 2.50% | Member Perks Rate 2.727% | Member Perks APY 2.75% |
*APY = annual percentage yield
All Certificates: *Fees could reduce earnings on these accounts. Rates may change at any time after account opening. A penalty may be imposed for early withdrawal. Eligible for Member Perks bump upon qualification and request at CD opening. In order to receive Member Perks, your iQ account must feature a savings and checking account with a debit card, as well as enrollment in eStatements and our Easy Saver program. New members must meet membership qualifications. Business certificates are not eligible for Member Perks bump. Click here for full account disclosures.
**Eligible for Member Perks bump upon qualification and request at CD opening. To receive Member Perks, your iQ account must feature a savings and checking account with an active debit card, as well as enrollment in eStatements and our Easy Saver program. Penalties may apply for early withdrawal. Fees could reduce earnings on these accounts. Federally insured by the NCUA.
** Business CDs do not qualify for the Member Perks .25% bump.
Truth-in-Savings Disclosure: Except as specifically described, the following disclosures apply to all accounts.
CERTIFICATE OF DEPOSIT(CD) ACCOUNTS
- Rate Information. The Interest Rate and Annual Percentage Yield (APY) on your Certificate accounts are set forth in the Personal Rate Schedule. For all Certificate accounts, the Interest Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. The Annual Percentage Yield is based on an assumption that interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings.
- Compounding and Crediting. Interest will be compounded and credited quarterly for all certificate accounts. The interest period for all Certificate accounts begins on the first calendar day of the quarter and ends on the last calendar day of the quarter.
- Balance Information. The minimum balance required to open each account is set forth in the Personal Rate Schedule. The minimum monthly balance required to avoid a service fee or obtain the stated Annual Percentage Yield is set forth in the Personal Rate Schedule.
- Accrual of Interest. Interest begins to accrue on cash and non-cash (e.g. checks) deposits on the business day you make the deposit to your account. Interest is calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day. For Regular Certificate accounts, you may elect at account opening to have accrued interest remain in the account and compound or transferred to another iQ account you own.
- Transaction Limitations and Fees. For both Regular and IRA Certificates, you may not make additional deposits after your account is opened. Earnings credited to this account may be withdrawn without penalty at any time during the term in which earned. No partial withdrawals of principal are allowed during the term of the account.
- Maturity. Your account will mature on the maturity date set forth on your Account Receipt or Maturity Notice.
- Early Withdrawal Penalty. We may impose a penalty if you withdraw any of the principal of your Certificate account before the maturity date.
- Amount of Penalty. The amount of the early withdrawal penalty is based on the following penalty schedule:
- For CDs with a maturity term of twelve (12) months or less, the penalty is 90 days’ interest regardless of when you redeem the account prior to maturity.
- For CDs with a maturity term greater than twelve (12) months up to 35 months, the penalty is 180 days’ interest regardless of when you redeem the account prior to maturity.
- For CDs with a maturity term greater than 35 months, the penalty is 270 days’ interest regardless of when you redeem the account prior to maturity.
- How the Penalty Works. The penalty is calculated as a forfeiture of part of the interest that has been or would be earned at the interest rate on the account. It applies whether or not the interest has been earned. In other words, if the account has not yet earned enough interest or if the interest has already been paid, the penalty will be deducted from the principal.
- Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:
- When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
- When the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment; or where the account is a Simplified Employee Pension Plan (SEP) provided that the depositor forfeits an amount at least equal to the simple interest earned in the amount withdrawn; or where the account is an IRA or SEP and the owner attains age 70 ½ or becomes disabled.
- Amount of Penalty. The amount of the early withdrawal penalty is based on the following penalty schedule:
- Renewal Policy. Your Certificate accounts are automatically renewable accounts. You have a grace period of ten (10) calendar days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty. Unless the Credit Union has received different instructions from you, prior to the maturity of your account, your Certificate account will automatically renew for the same term at the rate in effect on the day of maturity.
- Promotional or Special Certificates. Promotional or Special Certificates may be offered from time to time. They will mature to the next shorter, regularly offered term and to the corresponding rate in effect on the day of maturity. They may require different terms and conditions as set forth on the Personal Rate Schedule. They may not be combined with any other offer. If the certificate has a “bump” feature, the bump is only available once during the original term of the certificate and only upon request. At the time the bump is requested, the rate of the existing certificate will be increased to the then-current rate of the non-promotional certificate currently offered with the next longer term.
- Nontransferable/Nonnegotiable. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except obligations with the Credit Union.
IRA Certificates
Rates Effective as of September 9, 2026
| Term | Interest Rate | Annual Percentage Yield (APY) | Member Perks Rate | Member Perks APY |
|---|---|---|---|---|
| 3 Month | Interest Rate 0.996% | Annual Percentage Yield (APY) 1.00% | Member Perks Rate 1.246% | Member Perks APY 1.25% |
| 6 Month | Interest Rate 2.722% | Annual Percentage Yield (APY) 2.75% | Member Perks Rate 2.972% | Member Perks APY 3.00% |
| 12 Month | Interest Rate 2.477% | Annual Percentage Yield (APY) 2.50% | Member Perks Rate 2.727% | Member Perks APY 2.75% |
| 24 Month | Interest Rate 2.477% | Annual Percentage Yield (APY) 2.50% | Member Perks Rate 2.727% | Member Perks APY 2.75% |
| 36 Month | Interest Rate 2.477% | Annual Percentage Yield (APY) 2.50% | Member Perks Rate 2.727% | Member Perks APY 2.75% |
| 60 Month | Interest Rate 2.477% | Annual Percentage Yield (APY) 2.50% | Member Perks Rate 2.727% | Member Perks APY 2.75% |
