*APY = Annual Percentage Yield. Dividend rates are subject to change without notice. Dividends are posted monthly based on the daily balance and compounded monthly. Baton Rouge Telco Federal Credit Union Share Certificate rates are variable rate accounts and are subject to change at any time. Rates are not guaranteed. Penalties for early withdrawals may apply. Fees may reduce earnings on the account. The minimum to open and to earn dividends on all certificates is $500. 

¹Step-up options apply to two-year terms and up, where your rate can jump once before maturity.

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Certificates of Deposit & IRA CDs

Fees apply to early withdrawals. Your certificate matures when you reach the end of your term. At that time, it will automatically renew for the same term at the new APY if we are not notified in advance that you wish to withdraw your funds.

With an IRA CD, you have more flexibility to withdraw funds before retirement compared to other IRAs. But you will likely be penalized if you withdraw funds before the maturity date when your chosen certificate term is complete. For example, three months to five years.

Penalties for early withdrawal will be waived if you are over 72 and your withdrawal is part of a Required Minimum Distribution (RMD), or upon death.

With an IRA CD, you can still choose a Traditional or Roth account but the difference is that your funds are invested in Certificates of Deposit (CDs) instead of stocks or bonds. This means your funds are safeguarded from stock market volatility. 

You can choose a term of three months to five years and longer terms earn higher yields for both CDs and IRA CDs. The end of the term is called the maturation date.  At the maturation date, you have a 10-day grace period to close your certificate, withdraw funds, or transfer to a new certificate. This can be done by phone, in person, or by secure chat.

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