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To open a Certificate of Deposit account, you’ll meet with a team member by phone or in person. We’ll walk you through your options and build a savings strategy together.
A specialized, low-risk savings option on a fixed timeline with guaranteed return.
Is This the Right Fit for You?
Ideal if you don’t need immediate access to your funds, and want higher returns without exposure to market swings. Your rate is fixed for the full term and with a CD ladder — you can spread your savings across timelines for added flexibility.
High-yield, fixed rates locked in for the full term
Minimum deposit starting at $500
Term options from 6 months up to 5 years
Longer terms typically earn higher rates
Compounding interest to grow your balance
Federally insured by the NCUA up to $250,000 per account owner
No limit on the number of CDs you can open
Option to build a CD ladder for added flexibility
Spread funds across multiple CDs with different maturity dates
Predictable returns with no exposure to market risk
Get access to the most competitive rates in Arizona with a Certificate of Deposit. Choose your term, set your deposit amount, and earn predictable returns without any guesswork.
To open a Certificate of Deposit account, you’ll meet with a team member by phone or in person. We’ll walk you through your options and build a savings strategy together.
How does a CD earn interest?
CDs earn interest through compounding, meaning dividends are added to your balance regularly so you earn more over time as your balance grows.
Can I take money out of my CD early?
Yes, but early withdrawals may come with a penalty. In some cases, the CD may need to be closed to access the funds.
How do I open a certificate of deposit?
If you’re already a member, you can open and fund a CD by calling or visiting a branch. If you’re new to SunWest, you’ll need to open a membership first. Your CD will be tied to your account so you can track your balance and maturity date.
How much risk is there in a CD?
CDs are very low risk. Your principal is protected, and your rate is fixed. The main tradeoff is committing your funds for a set period so early withdrawals may reduce your earnings.
* APY = Annual Percentage Yield.
1. See a representative or Share Certificate agreement for complete details.
