CDs (Certificates of Deposit)

Members interested in an investment account can take advantage of a variety of competitive-yield certificates. Generally, a Long Island Community FCU certificate always earns you more than a regular savings account, because you deposit a specified amount for an established period of time.

Long Island Community FCU Certificates can be tailored to fit your financial needs, with terms as short as 6 months up to 2 years to lock in high earnings. The dividend rates are usually higher than bank CDs and our minimum deposit is only $1000.

Investing in certificates is a safe, simple way to earn a competitive rate on your money.

  • Invest short-term for maximum liquidity, or long term for the highest possible rate of return.
  • Certificate maturities vary from 6 months to 2 years.
  • Minimum deposit of $1000.00 is required.
  • 90 days interest penalty for early withdrawal of 6-12 month CD's.
  • 180 days interest penalty for early withdrawal on CD's whose terms are over 1 year.

Unless specific arrangements are made with a Member Service Representative, certificates will automatically renew at maturity. We notify you of your impending maturity date in plenty of time for you to think about your options. And, if your obvious choice is simply to re-invest at our current rate, you don't even have to get back to us. We'll take care of renewing your CD automatically if we don't hear from you! This provides convenience for members, but still permits members nearly 30-days to change the terms or conditions of the certificate.

Like all deposit accounts at Long Island Community FCU, Certificates of Deposit (CD's) are insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government, up to $250,000.

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NCUA Insurance Call Center
1-800-755-1030, extension 1