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CD Rates at Credit Union of Ohio

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Credit Union of Ohio is advertising regular certificates of deposit and Individual Retirement Account (IRA) certificates of deposit. Credit Union of Ohio is also advertising an Educational Growth certificate of deposit and a Bump Up certificate of deposit.

Searching for bank CD rates and credit union CD rates? Use our CD rate tables at CDRates.MonitorBankRates.com to find the best CD rates in your area.



Credit Union of Ohio lowered their CD rates considerably since we last reported on their rates on April 23, 2010. The credit union certificate of deposit terms still range between 3 months and 5 years.

Educational Growth CD Rates


The credit union's Educational Growth CD interest rate is currently at 3.50 percent with an APY of 3.55 percent. The Minimum balance required to open an Educational Growth Certificate is $200. The certificate matures on the child’s 18th birth date.

The credit union CD interest rate is Prime minus 2.95%. “Prime” is the “The Wall Street Journal Prime” rate published by The Wall Street Journal.  The APY will never go below 3.50% APY and will not exceed 8.50% APY.

Bump Up Certificate of Deposit


The Bump Up CD allows you to increase the CD interest rate to the prevailing interest rate at the time you “Bump Up” the CD. The current Bump Up CD rate for is 1.49 percent with an APY of 1.50 percent for both20 month Bump Up CDs and 30 month Bump Up CDs. The minimum balance required to open a Bump Up Certificate is $5,000 or $10,000.

When you exercise the bump-up option your dividend rate will adjust to the stated current rate at the time you exercise the option.  The maximum CD rate adjustment is 100 basis points. The new rate will carry forward from the date you exercise the bump-up option and will not be retroactive.

CD Rates and IRA CD Rates



  • 3 month CD Rates 0.55 % APY 0.55%

  • 6 month CD Interest Rates 0.65% APY 0.65%

  • 12 month Bank CD Rate 0.85% APY 0.85%

  • 18 month CD Rate 1.15% APY 1.15%

  • 24 month Bank CD Rate 1.49% APY 1.50%

  • 36 month CD Interest Rate 1.74% APY 1.75%

  • 48 month CD Rate Bank 2.72% APY 2.75%

  • 60 month CD Rate Banks 2.97% APY 3.00%


For more information and current CD rates visit cuofohio.org. To compare CD rates from several banks and credit unions go to MonitorBankRates.com.
 
Author: Brian McKay
July 10th, 2010