Certificates of Deposit

    Smart Financial Credit Union CDs

    Smart CDs (Time Accounts)

    Certificates of Deposit allow members to save money by locking in our highest dividend rates. The longer the term on the CD, the higher the dividend. Members can also earn premium dividend rates by making larger deposits.

    Term Interest Rate APY Minimum Opening Balance
    6 Month Tier 0.20% 0.20% $1,000
    12 Month Tier 0.75% 0.75%
    24 Month Tier 0.80% 0.80%
    36 Month Tier 0.90% 0.90%
    48 Month Tier 1.10% 1.11%
    60 Month Tier 1.50% 1.51%
    Term Interest Rate APY Minimum Opening Balance
    6 Month Tier 0.25% 0.25% $25,000
    12 Month Tier 0.80% 0.80%
    24 Month Tier 0.85% 0.85%
    36 Month Tier 0.95% 0.95%
    48 Month Tier 1.15% 1.16%
    60 Month Tier 1.55% 1.56%
    Term Interest Rate APY Minimum Opening Balance
    6 Month Tier 0.35% 0.35% $90,000
    12 Month Tier 0.90% 0.90%
    24 Month Tier 0.95% 0.95%
    36 Month Tier 1.05% 1.06%
    48 Month Tier 1.25% 1.26%
    60 Month Tier 1.65% 1.66%
    Term Interest Rate APY Minimum Opening Balance
    12 Month Tier 0.75% 0.75% $1,000
    24 Month Tier 0.80% 0.80%
    36 Month Tier 0.90% 0.90%
    48 Month Tier 1.10% 1.11%

    The rates and fees contained in this Schedule are accurate as of September 01, 2017. For current information call the Credit Union at (713) 850-1600. This Rate and Fee Schedule and Account Disclosures sets forth certain conditions, rates, fees and charges which apply to your Certificates of Deposit at Smart Financial Credit Union, and is incorporated as part of your Account Agreement with us. *A penalty for early withdrawal may be assessed.*

    TRUTH-IN-SAVINGS RATE SCHEDULE
    Term Interest Rate APY Minimum Opening Balance
    6 Month Tier 0.20% 0.20% $1,000
    12 Month Tier 0.75% 0.75%
    24 Month Tier 0.80% 0.80%
    36 Month Tier 0.90% 0.90%
    48 Month Tier 1.10% 1.11%
    60 Month Tier 1.50% 1.51%
    6 Month Tier Mini Jumbo 0.25% 0.25% $25,000
    12 Month Tier Mini Jumbo 0.80% 0.80%
    24 Month Tier Mini Jumbo 0.85% 0.85%
    36 Month Tier Mini Jumbo 0.95% 0.95%
    48 Month Tier Mini Jumbo 1.15% 1.16%
    60 Month Tier Mini Jumbo 1.55% 1.56%
    6 Month Tier Jumbo 0.35% 0.35% $90,000
    12 Month Tier Jumbo 0.90% 0.90%
    24 Month Tier Jumbo 0.95% 0.95%
    36 Month Tier Jumbo 1.05% 1.06%
    48 Month Tier Jumbo 1.25% 1.26%
    60 Month Tier Jumbo 1.65% 1.66%
    12 Month IRA 0.75% 0.75% $1,000
    24 Month IRA 0.80% 0.80%
    36 Month IRA 0.90% 0.90%
    48 Month IRA 1.10% 1.11%
    TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES FOR CERTIFICATES OF DEPOSIT

    Rate Information. The disclosed interest rate and APY are those that were offered within the most recent seven calendar days. The interest rate and APY on Step-Up Certificates of Deposit may change once during the original term of the Certificate at the member's option, in which event the rate of the Certificate will change to the current rate being offered on Certificates of the same term at the time that the Step-Up option is exercised. The Step-Up option is not available during any renewal term. The interest rate and APY on all other Certificates of Deposit are fixed and will be paid until the first maturity date on the Certificate.

    Compounding and Crediting. Interest will be compounded monthly and credited monthly.

    Balance Computation Method. We calculate interest using the daily balance method, which applies a daily periodic rate to the balance in the account each day.

    Accrual of Interest. Interest will begin to accrue on the business day you deposit cash and non-cash items (such as checks) to your account.

    Transaction Limitations. You may not make deposits into your Certificates of Deposit until the maturity date stated on the Certificate. Certificates of Deposit are non-transferable and non-negotiable.

    Early Withdrawal Penalties. Your account will mature after the applicable term of your Certificate of Deposit set forth above. We will impose a penalty if you withdraw any of the funds in your Certificate of Deposit within the first six days after your Account is opened. The penalty will equal seven day's interest on your account. If you make partial withdrawals of principal prior to the maturity date, penalties will be imposed on the amount of the withdrawal. We will impose a penalty if you redeem your Certificate prior to the maturity date. The penalty will equal all interest earned on 91 day Certificates, 90 days' interest on 6 month Certificates, 180 days' interest on 12, 18 and 24 month Certificates, and 270 days' interest on 30-, 36-, 48-, and 60 month Certificates.

    Withdrawal of Interest Prior to Maturity. Interest accruing during any month may be withdrawn without penalty prior to the date that such accrued interest is credited to the Certificate at the end of that month. The Annual Percentage Yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.

    Renewal Policies. Your Certificate of Deposit will automatically renew at maturity at the interest rate and APY then being paid on Certificates having the same term. You will have a grace period of ten calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

    National Credit Union Share Insurance Fund. Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.

    Dividends

    Refer to the Rate and Fee Schedule for current rates. Dividends are calculated based on the Average Daily Balance and are paid monthly.

    Withdrawal penalty

    Early Withdrawal Penalties: Your account will mature after the applicable term of your Certificate of Deposit set forth above. We will impose a penalty if you withdraw any of the funds in your Certificate of Deposit within the first six days after your Account is opened. The penalty will be equal to a seven days interest on your account. If you make partial withdrawals from the principal prior to the maturity date, penalties will be imposed on the amount of the withdrawal. We will impose a penalty if you redeem your Certificate prior to the maturity date. The penalty will equal all interests earned on 91-day Certificates; 90-day interest on 6-month Certificates; 180-day interest on 12, 18 and 24 month Certificates, and 270-day interest on 30-, 36-, 48-, and 60-month Certificates.

    Renewal

    The Certificates will automatically renew at maturity at the interest rate and APY of current Certificates having the same term. The member will have a grace period of ten calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

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