Indiana

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Credit Union CD Rates – 4-Year – Carmel, Indiana 2019

Below are four year CD Rates from credit unions in Carmel, Indiana. Four Year Certificates of Deposit (CD) are not as popular as the three and five year terms which means the rates often aren’t as competitive. The best four year cd rates are often only marginally above the 3 year rates. Nevertheless, for those who want to lock in a rate for a longer period of time, 4 year cds are worth a look.

Carmel, IN - September 15, 2019

4 Year CD National Average : 1.42% ?

Advertiser Disclosure
Credit UnionS APY MIN MILES ?
Policemen's
Restrictions
3.25% $20,000 5402.28
Policemen's
Restrictions
3.20% $500 5402.28
Encompass
Restrictions
3.04% $500 5342.62
Via Credit Union
Restrictions
2.79% $500 5333.54
2.75% $500 5355.10
2.70% $100,000 -
2.70% $500 5352.42
Communitywide
Restrictions
2.65% $2,000 5400.93
Members Advantage
Restrictions
2.63% $1,000 5432.30
2.62% $500 5335.58
2.55% $10,000 5333.12
2.54% $500 5324.05
L & N
Restrictions
2.50% $1,000 5260.03
Afena
Restrictions
2.50% $500 5334.50
Bar-cons
Restrictions
2.50% $50,000 5297.30
Crane
Restrictions
2.48% $500 5333.01
Kemba
Restrictions
2.45% $500 5320.86
Bar-cons
Restrictions
2.40% $5,000 5297.30
2.40% $500 5325.13
Unify Financial
Restrictions
2.40% $1,000 5344.53
Everence
Restrictions
2.40% $3,000 5381.45
2.34% $1,000 5334.77
U S #1364
Restrictions
2.32% $10,000 5443.89
Indiana Members
Restrictions
2.27% $1,000 5325.74
2.25% $500 5376.21
2.25% $500 5262.84
Beacon
Restrictions
2.22% $1,000 5341.27
Aaa
Restrictions
2.20% $10,000 5405.17
2.19% $500 5352.67
Tech
Restrictions
2.12% $1,000 5442.12
2.05% $1,000 5431.62
2.05% $1,000 5304.57
Diamond Valley
Restrictions
2.01% $500 5331.57
2.00% $1,000 5329.20
Centra
Restrictions
2.00% $500 5298.29
First Trust
Restrictions
1.95% $10,000 5431.34
Baxter
Restrictions
1.90% $500 5327.21
Industrial
Restrictions
1.81% $500 5383.92
Energy Plus
Restrictions
1.81% $500 5329.95
Hoosier Hills
Restrictions
1.81% $10,000 5312.97
1.75% $500 5320.06
Midwest America
Restrictions
1.65% $10,000 5328.03
Advance Financial
Restrictions
1.61% $500 5449.91
Chiphone
Restrictions
1.61% $500 5392.16
1.60% $1,000 5336.27
Three Rivers
Restrictions
1.60% $1,000 5334.75
Financial Health
Restrictions
1.60% $500 5330.35
Notre Dame
Restrictions
1.60% $500 5403.59
1.55% $500 5323.96
Inova
Restrictions
1.50% $200 5390.46
Fort Financial
Restrictions
1.50% $500 5333.16
Midwest Family
Restrictions
1.50% $1,000 5440.80
1.45% $1,000 5323.94
Profed
Restrictions
1.45% $500 5331.06
Purdue
Restrictions
1.45% $500 5385.69
1.40% $250 5319.78
Perfect Circle
Restrictions
1.36% $500 5288.65
Staley
Restrictions
1.36% $1,000 5385.64
Fme
Restrictions
1.30% $500 5363.74
1.26% $1,000 5300.95
Interra
Restrictions
1.25% $500 5380.96
1.10% $10,000 5327.29
Allegius
Restrictions
1.05% $1,000 5439.71
Forum
Restrictions
1.00% $500 5334.35
0.95% $5,000 5339.91
Independent
Restrictions
0.95% $10,000 5317.65
0.85% $1,000 5361.07
Lampco
Restrictions
0.75% $500 5319.91
Partners 1st
Restrictions
0.72% $500 5333.86
0.60% $500 5297.17
Madison County
Restrictions
0.60% $500 5319.54
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Credit Union Certificates of Deposit 2019

Credit union certificates of deposit (“CDs”, also commonly called “time deposits�t at credit unions) are contract-based and time-based savings vehicles that are offered by credit unions. In return for agreeing to keep your money tied up with the credit union for a given time period, you earn a fixed rate or return that cannot change over the course of that period. Should you need your money before the expiration of the contractual period, the penalties for early withdrawal can be severe. Not all credit unions even offer early withdrawal from CDs; many that do offer it maintain the right to deny it in their fine print. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union. Read this article for further detail on early withdrawal penalties. {hyperlink: https://www.bestcashcow.com/articles/can-you-always-withdraw-your-money-early-from-a-cd-9178}

Many Americans enjoy performing their banking transactions with credit unions, citing better rates, non-profit status (owned by its depositors), more helpful employees, and a commitment to the community that is above the level offered by local banks. You will find a map with all credit unions that are close to you here. It is important to note that some credit unions have limited fields of membership, although others are more open ended. Under any circumstance, you must meet the membership requirements in order to become a member and open a CD or time deposit.

Those who are willing to tie up their money for one year will often get a slight premium over the best available savings rates. People who work with credit unions may find that they offer better rates on CDs or time deposits than local banks and online banks. You however should check the local bank rates where you live here and the online rates here.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

NCUA Insurance

Most, but not all, credit unions listed on BestCashCow are insured by the National Credit Union Administration (NCUA). You should confirm that the credit union that you are working with is NCUA-insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union within ownership class. The rules are very similar, but not identical, to those for FDIC insurance. You should always stay within NCUA insurance limits.

BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits.

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

As long as your credit union is NCUA insured and you stay within the NCUA limits, As long as your credit union is NCUA insured and you stay within the NCUA limits, your money is no less safe than it would be in an FDIC-insured bank.

Is there any difference between a time deposit offered by a credit union and a CD account offered by a bank?

The difference is mainly one of terminology. But, you should always completely understand the terms of a time deposit or CD before you enter it, paying careful attention to the early withdrawal penalties. A reasonable early withdrawal penalty for a 1-year CD or time deposit is 3 months, and a reasonable early withdrawal penalty for a longer term CD is 6 months.

Does the small amount of interest gained on a time deposit make sense given the fact that I am losing access to my capital (liquidity)?

This is a decision that depends on your own specific circumstances, your needs for cash, and other investments that you may wish to pursue over the period of your time deposit or CD. The premium in a one-year CD is very small, with the premium of longer-term CDs being a little wider. A small difference in compounding interest can make a large difference over long period of time. You may wish to familiarize yourself with our Savings Booster Calculator  {insert hyperlink} in order to understand the importance of compounding interest at higher rates on your money over time.

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