Best Rate Guarantee

Looking for the best rates out there? Let us save you some time!

15-MONTH

7-MONTH

CERTIFICATE

CERTIFICATE

3.75
3.25

%
APY*

%
APY*

3.80% APY—$100k+

3.30% APY—$100k+

Open your risk-free, worry-free Certificate today and take advantage of:

  • Unbeatable rate with a short-term and long-term option
  • Rate-match guarantee** 
  • No deposit limit
  • Low opening balance requirement ($250)


Enjoy a little certainty in today's uncertain economic times. Get in on a fool-proof, recession-proof Certificate with a guarantee that offers you the best rate around. In fact, we are so confident in the rate, we'll match it if you find a better 7-month or 15-month rate with another bank or credit union**. 

Save yourself time and make yourself money with a special Certificate from Direct Federal with a unique rate-match guarantee.
What is a Certificate?

When researching Savings options, you may have come across two similar products offered by Banks and Credit Unions: Certificates of Deposit (CDs) and Certificates. Both CDs and Share Certificates offer short and long-term solutions to saving your money. They have similar terms and are considered to be a safe way to help your money grow over a fixed period of time.


CD VS. CERTIFICATES: SIMILARITIES

  • Both offer a solution to making the most of your money
  • Both have similar terms
  • Both are considered to be safe options for your money

CD VS. CERTIFICATE: DIFFERENCES

CDs and Certificates really only have one distinction between them:

  • Certificates are offered by credit unions
  • CDs are offered by banks


At Credit Unions, like Direct, you earn dividends on your money. At a bank, you earn interest. However, to make it less confusing for members, Direct uses the two terms interchangeably. In practice, credit unions also use the term Share Certificates.

Rates

Jumbo rates apply for deposits of $100,000 or more.

TERM

MONTHS

RATE

APY*

JUMBO RATE

JUMBO APY*

3

0.50%

0.50%

0.55%

0.55%

6

0.75%

0.75%

0.80%

0.80%

7

3.20%

3.25%

3.25%

3.30%

9

0.995%

1.00%

1.045%

1.05%

12

2.225%

2.25%

2.275%

2.30%

15

3.68%

3.75%

3.73%

3.80%

18

2.71%

2.75%

2.76%

2.80%

21

2.71%

2.75%

2.76%

2.80%

30

2.71%

2.75%

2.76%

2.80%

48

2.81%

2.85%

2.86%

2.90%

60

3.20%

3.25%

3.250%

3.30%

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*Annual Percentage Yield (APY). The APY and dividend rates are effective as of 10/26/2022 and may change at any time without notice. A minimum deposit of $250.00 is required to open and earn APY. The APY for all Share Certificates assumes the dividend will remain in the account until maturity. Withdrawal of dividends prior to maturity will reduce earnings. A penalty will be imposed for the withdrawal of the principal before maturity.  The fixed-rate will be the prevailing rate at the time of maturity.

This offer is available for new money only. Direct may cancel this promotion at any time.


** Financial Institution must be a federally insured bank or credit union with a location in Massachusetts.



Jumbo rates apply for deposits of $100,000 or more.

Calculator
Contact

Questions?

MEMBER SERVICES

781.455.6500

HOURS

Monday—Friday

8:00am-5:00pm


Saturday

8:00am-1:00pm

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.

50 Cabot St.

Needham, MA 02494

© 2022 DIRECT FEDERAL CREDIT UNION