Our Certificates of Deposit (CDs) are a special type of account which earns a fixed rate of interest over the entire period of the investment. The principal for the account is deposited when the CD is established. The minimum deposit for a CD is $1,000 per certificate.

DCECU offers these certificates in the following term lengths of your choice:

  • 90 days
  • 6 months
  • 12 months
  • 18 months
  • 24 months
  • 36 months

    • Interest on CDs is accrued daily and compounded or paid monthly. Invested principal, or interest earned, once compounded, may not be withdrawn from CD accounts prior to the maturity of the term. If an early withdrawal must be made, the entire balance must be withdrawn and an early withdrawal penalty may be assessed. Early withdrawal penalties include forfeiture of a set number of days interest on the entire principal balance as determined by the term length of the certificate as follows:

    Early Withdrawal Penalty
    Term Penalty (interest)
    90 day Forfeiture of all interest
    6 months 30 days
    12 months 60 days
    18 months 90 days
    24 months 120 days
    36 months 180 days

    No early withdrawal penalty will be assessed if the principal is withdrawn due to the death of any joint party to the certificate.

    Opening a Certificate of Deposit can be initiated via any of the following methods:

    • Call our Member Contact Center at (989) or (800) 835-7794 Monday through Friday between 7:00 a.m. and 6:00 p.m. ET.
    • Visit our Account Services department Monday through Friday between 7:30 a.m. and 5:30 p.m. ET
    • Print and complete the Certificate of Deposit Account Application.

    If you have any further comments or questions, please call our Member Contact Center at (989) or (800) 835-7794.

    CERTIFICATE OF DEPOSIT ACCOUNT APPLICATION    

    To initiate opening a Certificate of Deposit Account, please complete, print and fax this application to 989-832-9283, or mail to DCECU, PO Box 1649, Midland, MI 48641-1649. Depending on the requested set up of the account, additional signatures may be required.

    Click here to access the Certificate of Deposit Account Application
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