Lock in a guaranteed return with a USEFCU Certificate of Deposit
Oklahoma City savers: put your money to work with a Certificate of Deposit (CD) from USE Federal Credit Union. Fixed rates, flexible terms, and zero fees.
How it works
Deposit a lump sum, lock in your rate, and earn compounded dividends for the term you choose. Minimum deposit is $500 ($25,000 for CD Specials).
At maturity
You'll be notified before your CD matures and can withdraw, roll it into a new CD, or make changes during the grace period. If you take no action, it will automatically renew at the current rate.
Early withdrawal penalty
- 6-month term: 90 days of dividends
- 12 and 24-month terms: 180 days of dividends
- 36 and 48-month terms: 360 days of dividends
Why Oklahoma City chooses USEFCU CDs
- Higher fixed rates than standard savings accounts. Your APY is locked in from day one, no matter what the market does.
- Flexible terms. Choose the maturity date that fits your savings goal.
- No setup fees. No maintenance fees. Every dollar you deposit earns from the start.
- NCUA-insured up to $250,000. Safer than stocks or mutual funds, with a guaranteed return at maturity.
- An early withdrawal penalty applies. CDs are designed to hold your funds for the full term to maximize your yield.
What is the minimum deposit to open a CD at USE Federal Credit Union?
Standard CDs require a $500 minimum deposit. CD Specials require a $25,000 minimum deposit.
How often is interest paid on a USEFCU CD?
Dividends are compounded monthly and added directly to your CD balance, so your money grows faster than simple interest.
Can I withdraw money from a CD before it matures?
Yes, but an early withdrawal penalty applies based on your CD's term, ranging from 90 days of dividends for a 6-month CD to 360 days of dividends for a 36- or 48-month CD.
What happens when my CD matures?
You'll be notified before maturity and can withdraw the funds, roll them into a new CD, or make changes during the grace period. CDs that aren't updated typically renew automatically at the current rate for the same term.
Are USEFCU CDs insured?
Yes. Deposits are insured by the NCUA up to $250,000, the same level of protection as FDIC insurance at a bank.
What's the difference between a CD and a savings account?
A CD locks in a fixed rate for a fixed term in exchange for a higher APY than a standard savings account, but your money isn't as accessible. Early withdrawals carry a penalty. A savings account offers lower rates but full flexibility.
Interested? Let's Get Started!
All certificate dividends are compounded monthly. Rates shown are APY (Annual Percentage Yield). Unless otherwise indicated, the minimum amount for certificates is $500. The minimum deposit for any CD Specials is $25,000. Rates are effective as of 8/3/2026. Fees may reduce earnings. For all accounts, the amount of the early withdrawal penalty for your accounts is based on the term of your account. The penalty schedule is as follows: 6 month terms = 90 day's dividends; 12/24 month term = 180 days' dividends; 36/48 month terms = 360 days' dividends