Greenwood Credit Union is headquartered in Rhode Island but all of their products and services are available to customers nationwide. Moreover, there’s a 7-day grace period from the time of maturity to withdrawal your funds. Bump-ups allow you to raise the rate of the CD if interest rates rise during the term of the CD, within limits.įees aren’t readily available on the credit union’s website, but you can use its text feature to reach a representative, who told us that the penalty for an early withdrawal is 6 months’ of interest, though you won’t face a penalty if you only take out the interest you’ve earned.

The credit union offers a “Bump Up” feature on its three-, four- and five-year terms, but not for the 9-month certificate. There is a $1,000 minimum balance requirement, which isn’t prohibitive, but could be too high for new savers. Interest compounds daily and is credited monthly.

Greenwood Credit Union offers a 5.50% APY on its 9-month Certificate, which is manna for savers.