Best Credit Union CD Rates in Indiana, IN

You are viewing rates from credit unions across Indiana

Below are the best one year CD Rates from credit unions in Indiana. One year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

IN - July 30, 2025

1 Year CD National Average : 0.55% ^?

Credit Unions	APY	MIN	MILES ^?
United Restrictions	4.75%	$500	-	Learn More Add Review
Rate History: 5.15% → 4.75%
Inova Inova Branch Restrictions	4.65%	$200	-	Learn More Add Review
Rate History: 5.00% → 5.40% → 4.75% → 4.80% → 4.65%
Communitywide Hickory Branch Restrictions	4.40%	$1,000	-	Learn More Add Review
Rate History: 5.25% → 5.15% → 5.00% → 4.45% → 4.40%
Financial Builders Financial Builders Branch Restrictions	4.20%	$500	-	Learn More Add Review
Rate History: 2.33% → 4.46% → 4.20%
Three Rivers Three Rivers Branch Restrictions	4.00%	$1,000	-	Learn More Add Review
Rate History: 5.00% → 4.85% → 4.60% → 4.35% → 4.00%
Elements Financial Eli Lilly Branch Restrictions	3.00%	$1,000	-	Learn More Add Review
Rate History: 2.60% → 3.00%
Unify Financial Western Branch Restrictions	2.40% 2.25% 2.10%	$100,000 $40,000 $1,000	-	Learn More
dapatton@pacbell.net \| May 12, 2016 19 what, years or months Read More Reviews (1)
Afena Afena Branch Restrictions	2.27% 2.17% 2.07%	$100,000 $10,000 $250	-	Learn More Add Review
Park Community Credit Union, Inc. New Albany Office Branch Restrictions	2.20% 2.15%	$50,000 $500	-	Learn More Add Review
Department of Commerce Restrictions	2.18%	$500	-	Learn More
Rate History: 4.76% → 4.24% → 3.98% → 3.52% → 2.18%
member \| Dec 14, 2022 Agree with Jaben to stay away from docfcu. They don't appreciate loyal members and easily turn down any requests after a delayed response. I have closed my accounts and moved my funds to better institutio... Read More Reviews (2)
Indiana University Indiana University Branch Restrictions	2.00%	$500	-	Learn More Add Review
Heritage Boonville Branch Restrictions	2.00%	$500	-	Learn More Add Review
Rate History: 2.10% → 2.00% → 4.85% → 2.00%
Baxter Baxter Branch Restrictions	1.65%	$500	-	Learn More Add Review
Rate History: 3.50% → 4.00% → 3.70% → 3.60% → 1.65%
Liberty Evansville Teachers Branch Restrictions	1.45%	$1,000	-	Learn More Add Review
Rate History: 3.00% → 1.55% → 4.60% → 4.50% → 1.45%
Everwise Great Dane Brazil Branch Restrictions	1.36%	$500	-	Learn More Add Review
South Bend Firefighters South Bend Firefight Branch	1.00%	$10,000	-	Learn More Add Review
Beacon Beacon Branch Restrictions	0.91%	$100,000	-	Learn More Add Review
Kemba Kemba Branch Restrictions	0.90%	$10,000	-	Learn More Add Review
Honda Honda Branch Restrictions	0.90%	$100,000	-	Learn More Add Review
Energy Plus Energy Plus Branch Restrictions	0.85%	$10,000	-	Learn More Add Review
Riverside Community Charles St. Communit Branch Restrictions	0.85%	$10,000	-	Learn More Add Review
Beacon Beacon Branch Restrictions	0.81%	$10,000	-	Learn More Add Review
Honda Honda Branch Restrictions	0.80%	$10,000	-	Learn More Add Review
Diversified General Diversified General Branch	0.80%	$10,000	-	Learn More Add Review
Indiana Heartland Indiana Heartland Branch	0.80%	$10,000	-	Learn More Add Review
Policemen's Policemen's Branch Restrictions	0.80%	$100,000	-	Learn More Add Review
Solidarity Community Solidarity Community Branch Restrictions	0.76%	$500	-	Learn More
Silverfoxmann @Comcast.net \| Jan 30, 2021 I live in South Bend, IN. How can I join your bank for investments, CDs in particular Read More Reviews (1)
Financial Health Clarian Branch Restrictions	0.75%	$10,000	-	Learn More Add Review
Encompass Encompass Branch Restrictions	0.75%	$500	-	Learn More Add Review
Via Credit Union Via Credit Union Branch Restrictions	0.75%	$10,000	-	Learn More
Ksmith@yahoo.com \| Feb 26, 2017 Overall very unprofessional, not compassionate, could use a few lessons in calculations. Very cocky attitudes. Read More Reviews (1)
Members Source Members Source Branch Restrictions	0.75%	$10,000	-	Learn More Add Review
Aaa Aaa Branch Restrictions	0.75%	$10,000	-	Learn More Add Review
Policemen's Policemen's Branch Restrictions	0.75%	$10,000	-	Learn More Add Review
Advantageplus Of Indiana Advantageplus Of Ind Branch	0.75%	$10,000	-	Learn More Add Review
Bar-cons Bar-cons Branch Restrictions	0.70%	$5,000	-	Learn More Add Review
Industrial Lafayette East Branch Restrictions	0.70%	$10,000	-	Learn More Add Review
L & N L & N Branch Restrictions	0.70%	$10,000	-	Learn More Add Review
Tech Tech Branch Restrictions	0.60%	$100,000	-	Learn More Add Review
Centra Centra Branch Restrictions	0.60%	$100,000	-	Learn More
Jason crook \| Mar 14, 2020 One thing I hate about Centra Credit f***** Union they have no customer service help at all whatsoever. After hours that sucks ass Read More* Reviews (1)
Indiana Members Indiana Members Branch Restrictions	0.60%	$10,000	-	Learn More Add Review
Crane West Gate Branch Restrictions	0.60%	$10,000	-	Learn More Add Review
Everence Mennonite Financial Branch Restrictions	0.60%	$100,000	-	Learn More Add Review
Fortress Fortress Branch	0.60%	$10,000	-	Learn More Add Review
La Porte Community La Porte Community Branch Restrictions	0.60%	$10,000	-	Learn More Add Review
Members Advantage Members Advantage Branch Restrictions	0.55%	$10,000	-	Learn More Add Review
Centra Centra Branch Restrictions	0.55%	$10,000	-	Learn More
Jason crook \| Mar 14, 2020 One thing I hate about Centra Credit f***** Union they have no customer service help at all whatsoever. After hours that sucks ass Read More* Reviews (1)
Staley Staley Employees Branch Restrictions	0.55%	$100,000	-	Learn More Add Review
Members Heritage Restrictions	0.55%	$100,000	-	Learn More Add Review
Haynes Community Haynes Community Branch Restrictions	0.55%	$10,000	-	Learn More Add Review
Interra Interra Branch Restrictions	0.55%	$100,000	-	Learn More Add Review
U S #1364 U S #1364 Branch Restrictions	0.55%	$10,000	-	Learn More Add Review
Diamond Valley Diamond Valley Branch Restrictions	0.53%	$10,000	-	Learn More Add Review
Fort Financial Fort Financial Credit Union Branch Restrictions	0.50%	$10,000	-	Learn More Add Review
Vibrant Restrictions	0.50%	$10,000	-	Learn More
donnasspicer \| Apr 24, 2023 No they don’t have deposit as a function. Read More Reviews (2)
Hoosier Hills Hoosier Hills Branch Restrictions	0.50%	$10,000	-	Learn More Add Review
Community Spirit Credit Union Community Spirit Cre Branch	0.50%	$10,000	-	Learn More Add Review
Everence Mennonite Financial Branch Restrictions	0.50%	$10,000	-	Learn More Add Review
Indiana Lakes Indiana Lakes Branch	0.50%	$10,000	-	Learn More Add Review
Credit Union 1 Credit Union 1 Branch	0.50%	$10,000	-	Learn More Add Review
Financial Partners Financial Partners Fcu Branch Restrictions	0.45%	$10,000	-	Learn More Add Review
Members Heritage Restrictions	0.45%	$10,000	-	Learn More Add Review
Chiphone Chiphone Branch Restrictions	0.45%	$10,000	-	Learn More Add Review
Perfect Circle Perfect Circle Branch Restrictions	0.45%	$100,000	-	Learn More Add Review
Regional Regional Branch Restrictions	0.45%	$10,000	-	Learn More Add Review
Members Choice Members Choice Branch	0.40%	$10,000	-	Learn More Add Review
Allegius Allegius Branch Restrictions	0.40%	$10,000	-	Learn More
dannyhin \| May 1, 2019 They are the worst loan company I have ever worked with. Disrespectful staff and argumentative. No online or over the phone payments. Simple problems they blame the customer and take no responsibility. Avo... Read More Reviews (2)
Midwest Family Midwest Family Branch Restrictions	0.40%	$1,000	-	Learn More Add Review
Tech Tech Branch Restrictions	0.35%	$10,000	-	Learn More Add Review
First Trust First Trust Branch Restrictions	0.35%	$10,000	-	Learn More Add Review
Kokomo Heritage Kokomo Heritage Branch	0.35%	$100,000	-	Learn More Add Review
Natco Natco Branch Restrictions	0.35%	$10,000	-	Learn More Add Review
Harvester Financial Harvester Financial Branch Restrictions	0.35%	$10,000	-	Learn More Add Review
Perfect Circle Perfect Circle Branch Restrictions	0.35%	$10,000	-	Learn More Add Review
Financial Center First Greenwood Branch Restrictions	0.35%	$100,000	-	Learn More Add Review
Indiana State University Indiana State Univer Branch Restrictions	0.35%	$100,000	-	Learn More Add Review
Profed Professional Branch Restrictions	0.30%	$500	-	Learn More Add Review
Fire Police City County Fire Police City Cou Branch	0.30%	$10,000	-	Learn More
Fort Wayne \| Apr 16, 2021 Steady and reliable Read More Reviews (1)
Purdue Purdue Federal Credit Union - Admin Branch Restrictions	0.30%	$10,000	-	Learn More Add Review
Staley Staley Employees Branch Restrictions	0.30%	$10,000	-	Learn More Add Review
Kokomo Heritage Kokomo Heritage Branch	0.30%	$10,000	-	Learn More Add Review
Interra Interra Branch Restrictions	0.30%	$10,000	-	Learn More Add Review
Financial Center First Greenwood Branch Restrictions	0.30%	$10,000	-	Learn More Add Review
Advance Financial Advance Financial Branch Restrictions	0.30%	$10,000	-	Learn More Add Review
Primetrust Financial Wge Branch Restrictions	0.30%	$10,000	-	Learn More Add Review
Kemba Indianapolis Kemba Indianapolis Branch Restrictions	0.30%	$10,000	-	Learn More Add Review
Greenstate Restrictions	0.30%	$500	-	Learn More
Slynyrd \| Nov 11, 2022 It would be great to hear back from someone regarding my bump-up rate currently available, BEFORE 18 days has passed. Still waiting. Read More Reviews (2)
Hometown Hometown Branch	0.25%	$10,000	-	Learn More Add Review
Midwest America Midwest America Branch Restrictions	0.25%	$10,000	-	Learn More Add Review
City Of Firsts Community Main Office Branch Restrictions	0.25%	$10,000	-	Learn More Add Review
Independent Independent Branch Restrictions	0.25%	$10,000	-	Learn More Add Review
Notre Dame Notre Dame Branch Restrictions	0.25%	$10,000	-	Learn More Add Review
Indiana State University Indiana State Univer Branch Restrictions	0.25%	$10,000	-	Learn More Add Review
Business And Industrial Business And Industr Branch Restrictions	0.20%	$10,000	-	Learn More Add Review
Genfed Financial Shelbyville Office Branch	0.18%	$10,000	-	Learn More Add Review
Northern Indiana Northern Indiana Branch Restrictions	0.16%	$10,000	-	Learn More Add Review
Vigo County Vigo County Branch Restrictions	0.15%	$500	-	Learn More Add Review
Partners 1st Partners 1st Branch Restrictions	0.15%	$10,000	-	Learn More Add Review
Edu Restrictions	0.10%	$500	-	Learn More Add Review
Northpark Community Northpark Community Branch Restrictions	0.10%	$10,000	-	Learn More Add Review
Grand Heritage Grand Heritage Branch	0.10%	$10,000	-	Learn More Add Review
Lampco Lampco Branch Restrictions	0.10%	$10,000	-	Learn More Add Review
Crossroads Financial Crossroads Financial Branch Restrictions	0.09%	$10,000	-	Learn More Add Review

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

Branches Info around zip 10007

Branch	Street	City	State
INOVA Inova Inova Branch	358 S. Elkhart Ave	Elkhart	IN
COMMUNITYWIDE Hickory Hickory Branch	3530 Hickory Rd	Mishawaka	IN
FINANCIAL BUILDERS Financial Builders Financial Builders Branch	2828 So. Lafountain St	Kokomo	IN
THREE RIVERS Three Rivers Three Rivers Branch	1615 Northland Boulevard	Fort Wayne	IN
ELEMENTS FINANCIAL Eli Lilly Eli Lilly Branch	225 S East Street, Suite 300	Indianapolis	IN
UNIFY FINANCIAL Western Western Branch	Toyota Motor Manufacturing, 4884 South maple Tree	Princeton	IN
AFENA Afena Afena Branch	424 N Bradner Avenue	Marion	IN
UNIFY FINANCIAL Western Western Branch	Toyota Motor Manufacturing, 4884 South maple Tree	Princeton	IN
PARK COMMUNITY CREDIT UNION, INC. New Albany Office New Albany Office Branch	4100 Technology Ave	New Albany	IN
AFENA Afena Afena Branch	424 N Bradner Avenue	Marion	IN
PARK COMMUNITY CREDIT UNION, INC. New Albany Office New Albany Office Branch	4100 Technology Ave	New Albany	IN
UNIFY FINANCIAL Western Western Branch	Toyota Motor Manufacturing, 4884 South maple Tree	Princeton	IN
AFENA Afena Afena Branch	424 N Bradner Avenue	Marion	IN
INDIANA UNIVERSITY Indiana University Indiana University Branch	105 E Winslow Rd	Bloomington	IN
HERITAGE Boonville Boonville Branch	966 N State Route 61	Boonville	IN
BAXTER Baxter Baxter Branch	927 South Curry Pike, Building B	Bloomington	IN
LIBERTY Evansville Teachers Evansville Teachers Branch	4401 Theater Drive	Evansville	IN
EVERWISE Great Dane Brazil Great Dane Brazil Branch	2664 E US Highway 40	Brazil	IN
SOUTH BEND FIREFIGHTERS South Bend Firefight South Bend Firefight Branch	1122 SOUTH MAIN STREET	SOUTH BEND	IN
BEACON Beacon Beacon Branch	586 S Wabash Street	Wabash	IN
KEMBA Kemba Kemba Branch	1111 South Adams Street	Bluffton	IN
HONDA Honda Honda Branch	2740 N. Michigan Ave	Greensburg	IN
ENERGY PLUS Energy Plus Energy Plus Branch	1230 W Morris Street	Indianapolis	IN
RIVERSIDE COMMUNITY Charles St. Communit Charles St. Communit Branch	508 E CHARLES ST	MARION	IN
BEACON Beacon Beacon Branch	586 S Wabash Street	Wabash	IN
HONDA Honda Honda Branch	2740 N. Michigan Ave	Greensburg	IN
DIVERSIFIED GENERAL Diversified General Diversified General Branch	631 E. Broadway	Logansport	IN
INDIANA HEARTLAND Indiana Heartland Indiana Heartland Branch	319 south berkley	kokomo	IN
POLICEMEN'S Policemen's Policemen's Branch	1130 S. MAIN	SOUTH BEND	IN
SOLIDARITY COMMUNITY Solidarity Community Solidarity Community Branch	201 Southway Boulevard East	Kokomo	IN
FINANCIAL HEALTH Clarian Clarian Branch	1515 N. Senate Ave	Indianapolis	IN
ENCOMPASS Encompass Encompass Branch	201 North Main St	Tipton	IN
VIA CREDIT UNION Via Credit Union Via Credit Union Branch	4505 S Adams	Marion	IN
MEMBERS SOURCE Members Source Members Source Branch	8580 Virginia St	Merrillville	IN
AAA Aaa Aaa Branch	1112 N Bendix Drive	South Bend	IN
POLICEMEN'S Policemen's Policemen's Branch	1130 S. MAIN	SOUTH BEND	IN
ADVANTAGEPLUS OF INDIANA Advantageplus Of Ind Advantageplus Of Ind Branch	1122 N Fruitridge Ave	Terre Haute	IN
BAR-CONS Bar-cons Bar-cons Branch	1142 N Marr Road	Columbus	IN
INDUSTRIAL Lafayette East Lafayette East Branch	431 Meijer Dr	Lafayette	IN
L & N L & N L & N Branch	1450 VETERANS PARKWAY, SUITE 100	JEFFERSONVILLE	IN
TECH Tech Tech Branch	10951 Broadway	Crown Point	IN
CENTRA Centra Centra Branch	1430 National Raod	Columbus	IN
INDIANA MEMBERS Indiana Members Indiana Members Branch	5103 Madison Ave.	Indianapolis	IN
CRANE West Gate West Gate Branch	1 W Gate Dr	Odon	IN
EVERENCE Mennonite Financial Mennonite Financial Branch	1110 N Main St	Goshen	IN
FORTRESS Fortress Fortress Branch	615 N Western Ave	Marion	IN
LA PORTE COMMUNITY La Porte Community La Porte Community Branch	1304 Jefferson Ave	La Porte	IN
MEMBERS ADVANTAGE Members Advantage Members Advantage Branch	3064 S. Ohio Street	Michigan City	IN
CENTRA Centra Centra Branch	1430 National Raod	Columbus	IN
STALEY Staley Employees Staley Employees Branch	1000 Sagamore Pkwy N Ste B	Lafayette	IN
HAYNES COMMUNITY Haynes Community Haynes Community Branch	1801 S. Park Road	Kokomo	IN
INTERRA Interra Interra Branch	300 W Lincoln Ave	Goshen	IN
U S #1364 U S #1364 U S #1364 Branch	8400 BROADWAY	MERRILLVILLE	IN
DIAMOND VALLEY Diamond Valley Diamond Valley Branch	840 Diamond Ave	Evansville	IN
FORT FINANCIAL Fort Financial Credit Union Fort Financial Credit Union Branch	10301 Maysville Rd	Fort Wayne	IN
HOOSIER HILLS Hoosier Hills Hoosier Hills Branch	630 Lincoln Avenue	Bedford	IN
COMMUNITY SPIRIT CREDIT UNION Community Spirit Cre Community Spirit Cre Branch	160 Industrial Drive	Lawrenceburg	IN
EVERENCE Mennonite Financial Mennonite Financial Branch	1110 N Main St	Goshen	IN
INDIANA LAKES Indiana Lakes Indiana Lakes Branch	322 South Detroit Street	Warsaw	IN
CREDIT UNION 1 Credit Union 1 Credit Union 1 Branch	4027 W. 10th St.	Indianapolis	IN
FINANCIAL PARTNERS Financial Partners Fcu Financial Partners Fcu Branch	13350 Country Shoal Lane	Grabill	IN
CHIPHONE Chiphone Chiphone Branch	710 N. WILDWOOD AVE	ELKHART	IN
PERFECT CIRCLE Perfect Circle Perfect Circle Branch	631 E Main St	Hagerstown	IN
REGIONAL Regional Regional Branch	7144 Kennedy Avenue	Hammond	IN
MEMBERS CHOICE Members Choice Members Choice Branch	520 W Patterson Drive	Bloomington	IN
ALLEGIUS Allegius Allegius Branch	244 Allegius Drive	Burns Harbor	IN
MIDWEST FAMILY Midwest Family Midwest Family Branch	2832 WILLOWCREEK RD	PORTAGE	IN
TECH Tech Tech Branch	10951 Broadway	Crown Point	IN
FIRST TRUST First Trust First Trust Branch	950 E. US Hwy 20	Michigan City	IN
KOKOMO HERITAGE Kokomo Heritage Kokomo Heritage Branch	901 South Courtland Avenue	Kokomo	IN
NATCO Natco Natco Branch	582 S Round Barn Rd	Richmond	IN
HARVESTER FINANCIAL Harvester Financial Harvester Financial Branch	7020 Brookville Road	Indianapolis	IN
PERFECT CIRCLE Perfect Circle Perfect Circle Branch	631 E Main St	Hagerstown	IN
FINANCIAL CENTER FIRST Greenwood Greenwood Branch	20 N Emerson Ave	Greenwood	IN
INDIANA STATE UNIVERSITY Indiana State Univer Indiana State Univer Branch	444 N 3rd St	Terre Haute	IN
PROFED Professional Professional Branch	1710 ST. JOE RIVER DRIVE	FORT WAYNE	IN
FIRE POLICE CITY COUNTY Fire Police City Cou Fire Police City Cou Branch	3306 N CLINTON ST	FORT WAYNE	IN
PURDUE Purdue Federal Credit Union - Admin Purdue Federal Credit Union - Admin Branch	1551 Win Hentschel Blvd	West Lafayette	IN
STALEY Staley Employees Staley Employees Branch	1000 Sagamore Pkwy N Ste B	Lafayette	IN
KOKOMO HERITAGE Kokomo Heritage Kokomo Heritage Branch	901 South Courtland Avenue	Kokomo	IN
INTERRA Interra Interra Branch	300 W Lincoln Ave	Goshen	IN
FINANCIAL CENTER FIRST Greenwood Greenwood Branch	20 N Emerson Ave	Greenwood	IN
ADVANCE FINANCIAL Advance Financial Advance Financial Branch	31 W. Lincoln Highway	Schererville	IN
PRIMETRUST FINANCIAL Wge Wge Branch	3700 W Bethel Avenue	Muncie	IN
KEMBA INDIANAPOLIS Kemba Indianapolis Kemba Indianapolis Branch	444 S Shortridge Road	Indianapolis	IN
HOMETOWN Hometown Hometown Branch	151 North Broadway	Peru	IN
MIDWEST AMERICA Midwest America Midwest America Branch	1104 Medical Park Drive	Fort Wayne	IN
CITY OF FIRSTS COMMUNITY Main Office Main Office Branch	1120 S Main St	Kokomo	IN
INDEPENDENT Independent Independent Branch	1107 E 24th Street	Anderson	IN
NOTRE DAME Notre Dame Notre Dame Branch	19033 Douglas Road	South Bend	IN
INDIANA STATE UNIVERSITY Indiana State Univer Indiana State Univer Branch	444 N 3rd St	Terre Haute	IN
BUSINESS AND INDUSTRIAL Business And Industr Business And Industr Branch	740 N Marr Road	Columbus	IN
GENFED FINANCIAL Shelbyville Office Shelbyville Office Branch	1648 N MICHIGAN RD	Shelbyville	IN
NORTHERN INDIANA Northern Indiana Northern Indiana Branch	8121 Grand Blvd	Merrillville	IN
VIGO COUNTY Vigo County Vigo County Branch	128 South 8th Street	Terre Haute	IN
PARTNERS 1ST Partners 1st Partners 1st Branch	1330 Directors Row	Fort Wayne	IN
NORTHPARK COMMUNITY Northpark Community Northpark Community Branch	5965 W. Technology Cebnter Drive	Indianapolis	IN
GRAND HERITAGE Grand Heritage Grand Heritage Branch	201 Koomler Drive	La porte	IN
LAMPCO Lampco Lampco Branch	5411 Dr MLK Jr Blvd	Anderson	IN
CROSSROADS FINANCIAL Crossroads Financial Crossroads Financial Branch	1102 W Votaw ST	Portland	IN

See rates for Online Banks →

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

PRODUCT INFORMATION

Credit Union One-Year Certificates of Deposit 2025

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 (in the case of 1-year CDs, the period is obviously 1-year), 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, and many that do maintain the right to deny it in their terms and conditions. It therefore is important to fully understand the terms of any time-based deposit that you enter with a credit union.

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 1-year 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 time deposit is 3 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 next 12 months (or the period of your time deposit or CD). The premium in a one-year CD is very small, however, 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.

SAVINGS & CD CALCULATOR

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Credit Union CD Rates Indiana

Branches Info around zip 10007

PRODUCT INFORMATION

Credit Union One-Year Certificates of Deposit 2025

NCUA Insurance

FREQUENTLY ASKED QUESTIONS ABOUT CREDIT UNIONS

Is my money any less safe at a credit union?

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

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)?

SAVINGS & CD CALCULATOR

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CD Products by City in Indiana

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