Certificate of Deposit Deal of the Day: SharePlus Federal Bank at 0.45% APY
A certificate of deposit (CD) offers interested investors a fantastic option for saving and growing money with very little risk. By simply jumping on a 12-month CD rate, depositors can earn higher interest than they would by saving money in a savings account over the same duration.
Currently, SharePlus Federal Bank is offering is customers a great 0.45% APY on its 1-year CD. This type of deal could expire very soon and should be taken advantage of before it does.
Certificate of Deposit Terms and Conditions
In order to take advantage of the competitive certificate of deposit rate from SharePlus Federal Bank, depositors are required to open the account with a minimum of $1,000. Once the funds are deposited, they cannot be withdrawn early as doing so will result in a penalty. Near the end of the one-year term, depositors are given a specific number of days to withdraw funds. If not withdrawn, the CD is automatically renewed.
About SharePlus Federal Bank
SharePlus Federal Bank was opened for business in in 1958 in Dallas, Texas. Originally starting under the name Frito Employees Federal Credit Union, it served the employees of a number of companies, including Frito-Lay, Inc., KFC Corporation, Pizza Hut, Inc., and Taco Bell Corp.
Since that time, the credit union expanded its customer base, eventually becoming a publicly-traded bank. Now, SharePlus Bank is backed by the FDIC, meaning all deposits are federally insured for up to a $250,000 account balance.
Other Terms and Conditions may apply. Additionally, interest rates are based on the institution’s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.