As a member account representative one of my roles is helping new and existing members to open accounts. One of the products that members are highly interested in are our certificates of deposits. What is this product though? A certificate of deposit or CD for short, is an account that has a set term with a fixed interest rate. The big appeal for CDs is that they have a higher interest rate as you are agreeing to keep your money in the account for a set term. At Royal Credit Union our CDs have no minimum balance and we have a variety of terms. Occasionally we have specials, for example our current special is a 12-month CD at 5.25% APY. Check out our rates here!

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