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Certificate of Deposit

Take your savings to the next level

Rest easy with fixed rates on your terms.

  • Overview

    Lock in your savings

    Earn a guaranteed rate without risk and maximize your savings with a Certificate of Deposit. Choose the amount, a minimum of $1,000 for a regular Certificate of Deposit or $100 for a Youth Certificate of Deposit and the term to fit your needs.  Certificates are also available as IRAs.

    A IRA Certificate of Deposit cannot be opened online. Please contact us at (651) 451-5160 or (800) 813-9185 to open an IRA certificate.

    Insured by NCUA to $250,000 and an additional $250,000 through the Excess Share Insurance Corp (ESI).

    Variety of terms

    Terms range from six months to five years.

    No monthly maintenance fees

    Keep the focus on saving.

    Increase your certificate rate with the Marketwatcher Feature

    Increase your Certificate of Deposit rate one time during your term to the current Heartland rate by notifying us and adding $1,000 to your certificate or $100 for a Coverdell Certificate.

  • Rates
    Certificates of Deposit – IRAsTermsDividend RateAPY*
    $1,000 minimum6 Months 0.25%0.25%
    $10,000 minimum6 Months 0.30%0.30%
    $1,000 minimum12 Months0.35%0.35%
    $10,000 minimum12 Months0.40%0.40%
    $1,000 minimum18 Months0.50%0.50%
    $10,000 minimum18 Months0.60%0.60%
    $1,000 minimum24 Months0.60%0.60%
    $10,000 minimum24 Months0.70%0.70%
    $1,000 minimum36 Months0.80%0.80%
    $10,000 minimum 36 Months1.00%1.00%
    $1,000 minimum48 Months1.00%1.00%
    $10,000 minimum48 Months1.10%1.10%
    $1,000 minimum60 Months1.10%1.10%
    $10,000 minimum60 Months1.20%1.20%

    *APY is annual percentage yield. Rates quoted are in effect 11/1/2020 and are subject to change. Any early withdrawal penalty may reduce earnings on certificates.

    Compounding Frequency. For all term share certificates offered, the dividends will be compounded and credited to your account every quarter and at maturity. Alternatively, you may choose to have dividends paid to you or to another account quarterly and at maturity rather than credited to this account.

    Daily Balance Computation Method. Dividends are calculated by the daily balance method, which applies a daily periodic rate to your balance each day.

    Withdrawal of Dividends Prior to Maturity. The annual percentage yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal may reduce earnings.

    Marketwatcher option allows you to increase your rate during the term one time to the current rate by notifying us and adding $1,000 to your certificate. Your maturity date will remain the same and you will earn the higher rate for the remaining certificate term.

    You will have a grace period of ten calendar days after maturity to withdrawal the fund without being charged an early withdrawal penalty.

    Youth Certificate of Deposit RatesTermDividend RateAPY*
    $100 minimum for Bean Sprout, iSave, Coverdell6 Months0.25% 0.25%
    $100 minimum for Bean Sprout, iSave, Coverdell12 Months0.35%0.35%
    $100 minimum for Bean Sprout, iSave, Coverdell18 Months0.50% 0.50%
    $100 minimum for Bean Sprout, iSave, Coverdell24 Months 0.60%0.60%
    $100 minimum for Bean Sprout, iSave, Coverdell36 Months0.80%0.80%
    $100 minimum for Bean Sprout, iSave, Coverdell48 Months1.00%1.00%
    $100 minimum for Bean Sprout, iSave, Coverdel60 Months1.10%1.10%

    *APY is annual percentage yield. Rates quoted are in effect 11/1/2020 and are subject to change. Any early withdrawal penalty may reduce earnings on certificates.

    Compounding Frequency. For all term share certificates offered, the dividends will be compounded and credited to your account every quarter and at maturity. Alternatively, you may choose to have dividends paid to you or to another account quarterly and at maturity rather than credited to this account.

    Daily Balance Computation Method. Dividends are calculated by the daily balance method, which applies a daily periodic rate to your balance each day.

    Withdrawal of Dividends Prior to Maturity. The annual percentage yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal may reduce earnings.

    Marketwatcher option allows you to increase your rate during the term one time to the current rate by notifying us and adding $100 to your youth certificate. Your maturity date will remain the same and you will earn the higher rate for the remaining certificate term.

    You will have a grace period of ten calendar days after maturity to withdrawal the fund without being charged an early withdrawal penalty.

  • FAQs
    • CD accounts offer terms, from six months to five years and your rate is fixed for the term of the certificate. The longer the term the higher the rate.

    • The Marketwatcher option allows you to increase your rate during the term one time to the current Heartland rate (not another financials rate) by notifying us and adding $1,000 to your certificate or $100 to your youth certificate. Your maturity date will remain the same and you will earn the higher rate for the remaining certificate term.

    • No. Withdrawals are allowed, but they come with a penalty. Please contact us at (651) 451-5160 or (800) 813-9185 for current fees.

    • Dividends will be compounded and credited to your account every quarter and at maturity. Alternatively, you may choose to have dividends paid to you or to another account quarterly and at maturity rather than credited to this account.

I've relied on Heartland Credit Union since 1968 and now my family does also because the people are friendly and have always accommodated our financial needs.  

Al V.

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Certificate of Deposit Disclosures

Early withdrawal penalties do apply. Refer to your Certificate of Deposit disclosure for details.