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finder.com’s rating: 4.4 / 5.0
★★★★★
CommunityWide Federal Credit Union has 11 branches in Indiana, and mostly serves a midwestern customer base. But if you qualify for membership through affiliation with one of their partners, you can earn some of the highest interest rates available on CDs, online or off.
1.25%
1-year APY
1.8%
3-year APY
2%
5-year APY
Star rate | 4.4 |
---|---|
6-month APY | 1% |
1-year APY | 1.25% |
18-month APY | 1.45% |
2-year APY | 1.7% |
30-month APY | 0% |
3-year APY | 1.8% |
4-year APY | 1.9% |
5-year APY | 2% |
Early withdrawal penalty | Early withdrawal penalty not advertised |
Minimum deposit to open | $1,000 |
Interest compounding | Daily |
Review by
Heather Petty is a personal finance writer at Finder specializing in home loans, banking and insurance. After falling victim to a disreputable mortgage broker when buying her first home, she’s on a mission to help readers avoid similar experiences when managing their own finances. A self-proclaimed word nerd, her writing has been featured on MSN, Credit.com and MediaFeed.org, among others. Heather previously worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. She holds a bachelor’s degree in English with a minor in journalism from the University of Nevada, Reno.
If you qualify, becoming a member of the CommunityWide Federal Credit Union may be worth it for the high CD interest rates alone. A CD with CommunityWide is best for those who want more control on their investment. You’ll have access to the interest you earn on your CD and it doesn’t auto-renew when it matures.
Sign up for a Communitywide Federal Credit Union CD in nine steps:
You must meet the following requirements to qualify for a CommunityWide account:
Have the following information ready before you apply:
Use one of the following methods to fund your account:
In addition to no monthly fees, you can expect the following benefits on your CommunityWide CD account:
Keep the following drawbacks in mind before you apply:
But if you do need to access your money before the CD matures, you’ll pay twice the amount of interest. If you think you’ll need to dip into your CD, look for one with a lower early withdrawal penalty.
CommunityWide CDs don’t automatically renew, so every time your CD matures, you need to choose from the following options within the 10-day grace period:
Contact CommunityWide customer service in four ways:
CommunityWide offers four other savings accounts:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We rate CDs and share certificates on a scale ranging from one to five stars based on what matters most to you. We consider two factors equally when rating CDs: minimum deposits and annual percentage yields (APYs) relative to term length. If a bank requires a different minimum opening deposit depending on the chosen term, we rate the CD based on the average minimum deposit across all terms. And although some institutions offer CDs with terms ranging from one week to 20 years, we only consider term lengths the FDIC uses in its monthly updates on national rates.
Read the full methodology of how we rate CDs.