Credit Union CD Rates – 6-Month – Balch Springs, Texas 2024

Below are the best six month CD Rates from credit unions in Balch Springs, Texas. Six month CDs are considered short-term cds and the yield is comparable to savings and money market rates. You may want to consider opening a 6 month CD if you are concerned about savings rates dropping and don’t mind locking up your money for six months.

Balch Springs, TX - April 16, 2024

6 Month CD National Average : 0.40% ^?

Credit Unions	APY	MIN	MILES ^?
Complex Community Restrictions	6.00% 4.91%	$500 $0	-	Learn More Reviews
Credit Union Of Texas Restrictions	5.25% 5.01%	$1,000 $100,000	-	Learn More Reviews
Rate History: 5.50% → 5.25%
Eecu Restrictions	5.25% 4.75%	$50,000 $1,000	-	Learn More Reviews
Rate History: 5.11% → 5.25%
Credit Human Restrictions	5.25%	$500	-	Learn More Reviews (1)
Rate History: 5.75% → 5.45% → 5.35% → 5.25%
Rally Restrictions	4.89%	$1,000	-	Learn More Reviews
Rate History: 5.12% → 4.89%
Shell Restrictions	4.65% 4.50%	$50,000 $500	-	Learn More Reviews (1)
Rate History: 4.90% → 4.65%
Texas People Restrictions	4.65% 2.99%	$10,000 $1,000	-	Learn More Reviews
Wellby Restrictions	4.59%	$1,000	-	Learn More Reviews (1)
Air Force Restrictions	4.55%	$1,000	-	Learn More Reviews
Rate History: 4.25% → 5.15% → 4.85% → 4.60% → 4.55%
City Restrictions	4.50%	$1,000	-	Learn More Reviews
Texas Trust Restrictions	4.49% 4.44%	$50,000 $500	-	Learn More Reviews
Advancial Restrictions	4.39% 4.28% 4.18%	$50,000 $25,000 $1,000	-	Learn More Reviews
Rate History: 4.44% → 4.39%
Bayer Heritage Restrictions	4.34%	$100	-	Learn More Reviews
Rate History: 5.65% → 5.13% → 4.60% → 4.34%
Randolph-brooks Restrictions	4.26%	$1,000	-	Learn More Reviews
Rate History: 4.00% → 4.25% → 4.26%
First Technology Restrictions	4.25%	$500	-	Learn More Reviews
Rate History: 4.91% → 4.50% → 4.25%
Premier America Restrictions	4.25% 4.16% 4.00%	$1,000 $10,000 $25,000	-	Learn More Reviews
Rate History: 2.50% → 4.00% → 4.25%
Chevron Restrictions	4.25%	$500	-	Learn More Reviews
First Community Restrictions	4.25% 4.15%	$100,000 $500	-	Learn More Reviews
Spectrum	4.25%	$500	-	Learn More Reviews
A+ Restrictions	4.07%	$1,000	-	Learn More Reviews (1)
University Restrictions	4.00%	$1,000	-	Learn More Reviews (1)
Rate History: 3.50% → 4.50% → 4.00%
Neches Restrictions	4.00%	$1,000	-	Learn More Reviews
Rate History: 3.75% → 4.00%
Delta Community Restrictions	4.00%	$1,000	-	Learn More Reviews
Rate History: 3.75% → 4.00%
Austin Telco Restrictions	3.75% 3.65% 3.55%	$225,000 $95,000 $1,000	-	Learn More Reviews (1)
Rate History: 4.01% → 3.80% → 3.75%
Unify Financial Restrictions	3.50%	$1,000	-	Learn More Reviews (1)
Velocity Restrictions	3.50% 3.45%	$1,000 $90,000	-	Learn More Reviews
Rate History: 2.27% → 3.00% → 3.50%
Farmers Insurance Group Restrictions	3.30%	$1,000	-	Learn More Reviews
Corporate America Family Restrictions	3.30% 3.25%	$10,000 $1,000	-	Learn More Reviews
Eastman Restrictions	3.20% 3.15%	$100,000 $2,500	-	Learn More Reviews
Member Preferred Restrictions	3.04%	$500	-	Learn More Reviews (1)
Rate History: 4.07% → 3.04%
Pentagon Restrictions	3.00%	$1,000	-	Learn More Reviews (15)
Texas Dow Employees Restrictions	2.40% 2.25%	$100,000 $1,000	-	Learn More Reviews (1)
Investex Restrictions	2.27% 2.02%	$50,000 $1,000	-	Learn More Reviews
Rate History: 2.17% → 2.27%
Star Of Texas Restrictions	1.75% 1.60% 1.50%	$100,000 $50,000 $1,000	-	Learn More Reviews (1)
Members Choice Restrictions	1.75%	$500	-	Learn More Reviews
Security First Restrictions	1.51% 1.46% 1.41% 1.31%	$100,000 $50,000 $25,000 $500	-	Learn More Reviews
Security Service Restrictions	1.50% 1.45% 1.40%	$50,000 $25,000 $500	-	Learn More Reviews (1)
Chartway Restrictions	1.40%	$500	-	Learn More Reviews
Southwest 66 Restrictions	1.25%	$1,500	-	Learn More Reviews
Southwest Heritage Restrictions	1.00%	$1,000	-	Learn More Reviews
Bp Restrictions	1.00%	$10,000	-	Learn More Reviews
1st University	1.00%	$10,000	-	Learn More Reviews
Texas Tech Restrictions	0.90%	$10,000	-	Learn More Reviews
Westex Restrictions	0.88%	$100,000	-	Learn More Reviews
Family 1st Of Texas	0.85%	$10,000	-	Learn More Reviews
Union Square Restrictions	0.85%	$1,000	-	Learn More Reviews
Chemcel Restrictions	0.85%	$100,000	-	Learn More Reviews
Houston Restrictions	0.82%	$100,000	-	Learn More Reviews
Gulf Coast Educators Restrictions	0.80%	$100,000	-	Learn More Reviews
Community Resource Restrictions	0.80%	$90,000	-	Learn More Reviews
Fort Worth Community Restrictions	0.80%	$100,000	-	Learn More Reviews
East Texas Professional Restrictions	0.80%	$100,000	-	Learn More Reviews
Doches Restrictions	0.80%	$10,000	-	Learn More Reviews
Wichita Falls Teachers Restrictions	0.75%	$1,000	-	Learn More Reviews
Prestige Community Restrictions	0.75%	$10,000	-	Learn More Reviews
Texoma Community Restrictions	0.75%	$10,000	-	Learn More Reviews
Fort Worth Community Restrictions	0.75%	$10,000	-	Learn More Reviews
Mobility Credit Union Restrictions	0.75%	$10,000	-	Learn More Reviews (1)
Chemcel Restrictions	0.75%	$10,000	-	Learn More Reviews
Members Choice Of Central Texas Restrictions	0.75%	$100,000	-	Learn More Reviews
Sabine Restrictions	0.75%	$10,000	-	Learn More Reviews
Walker County Restrictions	0.75%	$10,000	-	Learn More Reviews
Houston Texas Fire Fighters Restrictions	0.75%	$10,000	-	Learn More Reviews
Memorial Restrictions	0.75%	$10,000	-	Learn More Reviews
Cal-com Restrictions	0.75%	$100,000	-	Learn More Reviews
Kelly Community Restrictions	0.70%	$10,000	-	Learn More Reviews
Houston Restrictions	0.70%	$10,000	-	Learn More Reviews
Community Resource Restrictions	0.70%	$100	-	Learn More Reviews
Education Restrictions	0.70%	$10,000	-	Learn More Reviews
East Texas Professional Restrictions	0.70%	$10,000	-	Learn More Reviews
Texasgulf Restrictions	0.70%	$10,000	-	Learn More Reviews
Westex Restrictions	0.68%	$10,000	-	Learn More Reviews
San Patricio County Teachers Restrictions	0.66%	$10,000	-	Learn More Reviews
First Class American Restrictions	0.65%	$100,000	-	Learn More Reviews
Alliance	0.65%	$10,000	-	Learn More Reviews
Domino Restrictions	0.65%	$10,000	-	Learn More Reviews
Synergy Restrictions	0.65%	$100,000	-	Learn More Reviews
Baycel Restrictions	0.65%	$10,000	-	Learn More Reviews
Lifetime Restrictions	0.64%	$10,000	-	Learn More Reviews
Postel Family Restrictions	0.60%	$10,000	-	Learn More Reviews
First Class American Restrictions	0.60%	$10,000	-	Learn More Reviews
Freestone	0.60%	$100,000	-	Learn More Reviews
Caprock Restrictions	0.60%	$100,000	-	Learn More Reviews
Linkage	0.60%	$10,000	-	Learn More Reviews
Texas Telcom Restrictions	0.60%	$10,000	-	Learn More Reviews
Datcu Restrictions	0.60%	$10,000	-	Learn More Reviews
Greater Texas Restrictions	0.60%	$100,000	-	Learn More Reviews
Energy One Restrictions	0.60%	$100,000	-	Learn More Reviews
Service 1st Restrictions	0.60%	$10,000	-	Learn More Reviews
Texell Restrictions	0.60%	$10,000	-	Learn More Reviews
Community Service Restrictions	0.60%	$100,000	-	Learn More Reviews
Brazos Valley Schools Restrictions	0.60%	$100,000	-	Learn More Reviews
Cal-com Restrictions	0.60%	$10,000	-	Learn More Reviews
Justice Restrictions	0.55%	$100,000	-	Learn More Reviews
Heart O' Texas	0.55%	$1,000	-	Learn More Reviews
Centex Citizens Restrictions	0.55%	$10,000	-	Learn More Reviews
Amarillo Community Restrictions	0.55%	$10,000	-	Learn More Reviews
Greater Texas Restrictions	0.55%	$10,000	-	Learn More Reviews
Texar Restrictions	0.55%	$1,000	-	Learn More Reviews
Members Choice Of Central Texas Restrictions	0.55%	$10,000	-	Learn More Reviews
United Heritage Restrictions	0.55%	$10,000	-	Learn More Reviews
Firstmark Restrictions	0.55%	$100,000	-	Learn More Reviews
Associated Credit Union Of Texas Restrictions	0.55%	$100,000	-	Learn More Reviews
Synergy Restrictions	0.55%	$10,000	-	Learn More Reviews
Generations Community Restrictions	0.55%	$100,000	-	Learn More Reviews (1)
City Public Service/ibew	0.55%	$10,000	-	Learn More Reviews
Spco Restrictions	0.55%	$50,000	-	Learn More Reviews
Gulf Coast Restrictions	0.55%	$500	-	Learn More Reviews
North East Texas Restrictions	0.51%	$10,000	-	Learn More Reviews
Mtcu Restrictions	0.51%	$100,000	-	Learn More Reviews
People's Trust Restrictions	0.51%	$100,000	-	Learn More Reviews
Santa Fe Restrictions	0.50%	$10,000	-	Learn More Reviews
Freestone	0.50%	$10,000	-	Learn More Reviews
Members First Restrictions	0.50%	$10,000	-	Learn More Reviews
Intouch Restrictions	0.50%	$1,000	-	Learn More Reviews
Access Community Restrictions	0.50%	$10,000	-	Learn More Reviews
Pantex Restrictions	0.50%	$10,000	-	Learn More Reviews
The People's Restrictions	0.50%	$10,000	-	Learn More Reviews
Neighborhood Restrictions	0.50%	$2,500	-	Learn More Reviews
Energy One Restrictions	0.50%	$10,000	-	Learn More Reviews
Together Restrictions	0.50%	$10,000	-	Learn More Reviews
Tarrant County's Credit Union Restrictions	0.50%	$10,000	-	Learn More Reviews
Fort Worth City Restrictions	0.50%	$100,000	-	Learn More Reviews
1st Community Restrictions	0.50%	$10,000	-	Learn More Reviews (1)
Dugood Restrictions	0.50%	$1,000	-	Learn More Reviews
Great Plains Restrictions	0.50%	$10,000	-	Learn More Reviews
Fivepoint Restrictions	0.50%	$100,000	-	Learn More Reviews
Border Restrictions	0.50%	$100,000	-	Learn More Reviews
Community Service Restrictions	0.50%	$10,000	-	Learn More Reviews
Brazos Valley Schools Restrictions	0.50%	$10,000	-	Learn More Reviews
First Service Restrictions	0.50%	$100,000	-	Learn More Reviews (1)
Golden Triangle Restrictions	0.50%	$10,000	-	Learn More Reviews
Generations Community Restrictions	0.50%	$10,000	-	Learn More Reviews (1)
Texas Bay Restrictions	0.50%	$100,000	-	Learn More Reviews
Beacon Restrictions	0.50%	$10,000	-	Learn More Reviews
Primeway Restrictions	0.50%	$10,000	-	Learn More Reviews
Houston Metropolitan Restrictions	0.50%	$100,000	-	Learn More Reviews
South Texas Area Resources Restrictions	0.50%	$10,000	-	Learn More Reviews (1)
Windthorst Restrictions	0.45%	$100,000	-	Learn More Reviews
Justice Restrictions	0.45%	$10,000	-	Learn More Reviews
Wellspring Restrictions	0.45%	$10,000	-	Learn More Reviews
Southwest Airlines Restrictions	0.45%	$100,000	-	Learn More Reviews
Relyon Restrictions	0.45%	$10,000	-	Learn More Reviews
Firstlight Restrictions	0.45%	$10,000	-	Learn More Reviews
Border Restrictions	0.45%	$10,000	-	Learn More Reviews
Firstmark Restrictions	0.45%	$10,000	-	Learn More Reviews
Associated Credit Union Of Texas Restrictions	0.45%	$10,000	-	Learn More Reviews
Southwest Research Center Restrictions	0.45%	$100,000	-	Learn More Reviews
People's Trust Restrictions	0.45%	$10,000	-	Learn More Reviews
Mtcu Restrictions	0.41%	$10,000	-	Learn More Reviews
Spco Restrictions	0.41%	$1,000	-	Learn More Reviews
San Angelo	0.40%	$10,000	-	Learn More Reviews
Tex Mex	0.40%	$10,000	-	Learn More Reviews
Windthorst Restrictions	0.40%	$10,000	-	Learn More Reviews
Xceed Financial Restrictions	0.40%	$10,000	-	Learn More Reviews
Fort Worth City Restrictions	0.40%	$10,000	-	Learn More Reviews
Concho Educators Restrictions	0.40%	$100,000	-	Learn More Reviews
Altra Restrictions	0.40%	$10,000	-	Learn More Reviews
Genco Restrictions	0.40%	$10,000	-	Learn More Reviews
Mct Restrictions	0.40%	$10,000	-	Learn More Reviews
Truwest Restrictions	0.40%	$10,000	-	Learn More Reviews
First Service Restrictions	0.40%	$10,000	-	Learn More Reviews (1)
Southwest Research Center Restrictions	0.40%	$10,000	-	Learn More Reviews
Texas Health Restrictions	0.40%	$10,000	-	Learn More Reviews
United Community Restrictions	0.40%	$10,000	-	Learn More Reviews
F A A Restrictions	0.38%	$50,000	-	Learn More Reviews
H E B Restrictions	0.37%	$10,000	-	Learn More Reviews
F A A Restrictions	0.35%	$500	-	Learn More Reviews
Caprock Restrictions	0.35%	$10,000	-	Learn More Reviews
Secured Advantage Restrictions	0.35%	$10,000	-	Learn More Reviews
Libertyone Restrictions	0.35%	$100,000	-	Learn More Reviews
Southwest Airlines Restrictions	0.35%	$10,000	-	Learn More Reviews
Baptist Restrictions	0.35%	$10,000	-	Learn More Reviews
Geico Restrictions	0.35%	$10,000	-	Learn More Reviews
Members Restrictions	0.35%	$10,000	-	Learn More Reviews
One Source Restrictions	0.35%	$100,000	-	Learn More Reviews
White Sands Restrictions	0.35%	$100,000	-	Learn More Reviews
Assemblies Of God Restrictions	0.35%	$10,000	-	Learn More Reviews
Kerr County Restrictions	0.35%	$10,000	-	Learn More Reviews
Smart Financial Restrictions	0.35%	$100,000	-	Learn More Reviews
Capitol Restrictions	0.35%	$10,000	-	Learn More Reviews
Truity Restrictions	0.35%	$100,000	-	Learn More Reviews
Houston Metropolitan Restrictions	0.35%	$10,000	-	Learn More Reviews
Laredo Fire Department	0.35%	$10,000	-	Learn More Reviews
Living In Fulfillment Everyday Restrictions	0.30%	$26	-	Learn More Reviews
South Texas Regional	0.30%	$10,000	-	Learn More Reviews
Members Trust Of The Southwest Restrictions	0.30%	$100,000	-	Learn More Reviews
Grand Prairie	0.30%	$10,000	-	Learn More Reviews
Unity One Restrictions	0.30%	$10,000	-	Learn More Reviews
Trugrocer Restrictions	0.30%	$100,000	-	Learn More Reviews
White Sands Restrictions	0.30%	$10,000	-	Learn More Reviews
Mountain Star	0.30%	$10,000	-	Learn More Reviews
First Basin Restrictions	0.30%	$10,000	-	Learn More Reviews
Concho Valley	0.30%	$10,000	-	Learn More Reviews
Communities Of Abilene Restrictions	0.30%	$10,000	-	Learn More Reviews
First Abilene Restrictions	0.30%	$100,000	-	Learn More Reviews (1)
First Central Restrictions	0.30%	$10,000	-	Learn More Reviews
Educators Restrictions	0.30%	$10,000	-	Learn More Reviews
United	0.30%	$10,000	-	Learn More Reviews
Fivepoint Restrictions	0.30%	$1,000	-	Learn More Reviews
Gulf Restrictions	0.30%	$10,000	-	Learn More Reviews
Greater Central Texas	0.30%	$10,000	-	Learn More Reviews
Port Arthur Community Restrictions	0.30%	$10,000	-	Learn More Reviews
Truity Restrictions	0.30%	$10,000	-	Learn More Reviews
Laredo Restrictions	0.30%	$10,000	-	Learn More Reviews
Abilene Teachers Restrictions	0.26%	$100,000	-	Learn More Reviews
Mesquite Restrictions	0.25%	$10,000	-	Learn More Reviews
Cosden Restrictions	0.25%	$100,000	-	Learn More Reviews
Pampa Teachers	0.25%	$100,000	-	Learn More Reviews
Libertyone Restrictions	0.25%	$10,000	-	Learn More Reviews
Resource One Restrictions	0.25%	$500	-	Learn More Reviews
The Local	0.25%	$10,000	-	Learn More Reviews
Trugrocer Restrictions	0.25%	$10,000	-	Learn More Reviews
One Source Restrictions	0.25%	$10,000	-	Learn More Reviews
My Community	0.25%	$100,000	-	Learn More Reviews
Citizens Restrictions	0.25%	$100,000	-	Learn More Reviews
Concho Educators Restrictions	0.25%	$10,000	-	Learn More Reviews
Trans Texas Southwest Restrictions	0.25%	$10,000	-	Learn More Reviews
First Abilene Restrictions	0.25%	$10,000	-	Learn More Reviews (1)
Cooperative Teachers Restrictions	0.25%	$10,000	-	Learn More Reviews
Mobiloil Restrictions	0.25%	$10,000	-	Learn More Reviews
Smart Financial Restrictions	0.25%	$10,000	-	Learn More Reviews
River City Restrictions	0.25%	$10,000	-	Learn More Reviews
Energy Capital Restrictions	0.25%	$10,000	-	Learn More Reviews
Bcm	0.25%	$10,000	-	Learn More Reviews
Valley Restrictions	0.25%	$10,000	-	Learn More Reviews
Rio Grande Valley Credit Union Restrictions	0.25%	$10,000	-	Learn More Reviews
Waco	0.25%	$10,000	-	Learn More Reviews
Members Trust Of The Southwest Restrictions	0.20%	$10,000	-	Learn More Reviews
Ep Restrictions	0.20%	$10,000	-	Learn More Reviews
Cosden Restrictions	0.20%	$10,000	-	Learn More Reviews
Heritage Usa Restrictions	0.20%	$10,000	-	Learn More Reviews
Abilene	0.20%	$10,000	-	Learn More Reviews
Southland Restrictions	0.20%	$10,000	-	Learn More Reviews
Gulf Coast Educators Restrictions	0.20%	$10,000	-	Learn More Reviews
Texas Bay Restrictions	0.20%	$10,000	-	Learn More Reviews
Hereford Texas Restrictions	0.15%	$1,000	-	Learn More Reviews
4u Restrictions	0.15%	$10,000	-	Learn More Reviews
America's Restrictions	0.15%	$10,000	-	Learn More Reviews
West Texas Restrictions	0.15%	$10,000	-	Learn More Reviews
My Community	0.15%	$10,000	-	Learn More Reviews
Cy-fair Restrictions	0.15%	$100,000	-	Learn More Reviews
Allied Restrictions	0.10%	$10,000	-	Learn More Reviews
Pampa Teachers	0.10%	$10,000	-	Learn More Reviews
Texans Restrictions	0.10%	$10,000	-	Learn More Reviews
Metro Medical Restrictions	0.10%	$10,000	-	Learn More Reviews
Go Restrictions	0.10%	$10,000	-	Learn More Reviews
My Restrictions	0.10%	$10,000	-	Learn More Reviews
Citizens Restrictions	0.10%	$10,000	-	Learn More Reviews
Education First Restrictions	0.10%	$10,000	-	Learn More Reviews
Cy-fair Restrictions	0.10%	$10,000	-	Learn More Reviews
Chocolate Bayou Community Restrictions	0.10%	$10,000	-	Learn More Reviews
Abilene Teachers Restrictions	0.06%	$10,000	-	Learn More Reviews
Edu Restrictions	0.01%	$500	-	Learn More Reviews

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

See rates for Online Banks →

See rates for Local Banks →

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 2024

Credit union certificates of deposit (“CDs”, also commonly called “time deposits” 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.

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 in order to understand the importance of compounding interest at higher rates on your money over time.