Introducing the MyTerm CD. Designed to fit your life.

MyTerm is a certificate of deposit from MyPoint Credit Union that pays the same 4.25% APY* on any term from 9 to 60 months. You choose your term when you open it, and your rate stays fixed for the whole term. It's available as a Share Certificate or an IRA Certificate, requires a $1,000 minimum deposit, pays dividends monthly, and is for new money only.

Yes. MyTerm pays 4.25% APY* whether you choose 9 months, 60 months, or any term in between, and the amount you deposit doesn't change it. Most CDs pay different rates depending on term and balance. With MyTerm, you can pick the term that matches when you'll need the money instead of the one that pays the most.

MyTerm is a limited-time offer, and dividend rates can change. The rate in effect when you open your certificate is the rate you keep for your entire term. For today's rate, check the top of this page or see our deposit rates.

The minimum deposit is $1,000, and there is no maximum. The same rate applies at any deposit amount.

New money is money that isn't currently deposited with MyPoint Credit Union. MyTerm is for new money only, so you can't open one by moving funds that are already in your MyPoint accounts. If you're not sure whether your funds qualify, contact us and we'll help you work it out.

MyTerm CD dividends are paid monthly. Credit unions pay dividends instead of interest, and the APY shows your yearly return based on the dividend rate and how often dividends are paid.

Yes, membership is required. If you're not a member yet, joining is simple. Contact us or schedule a conversation and we'll walk you through it. You can also read more about MyPoint membership.

You can open a MyTerm CD online, at a MyPoint branch, or by phone. If you'd like to talk it through first, schedule a conversation and we'll help you find the right term, with no jargon and no pressure. You can also find a branch near you.

Start with when you'll need the money. Because the rate is the same on every term, the main difference is how long your money and your rate stay locked in. A longer term keeps your rate fixed longer, and a shorter term lets you reassess sooner. Choose a term you're comfortable leaving untouched, because early withdrawal penalties apply and the term can't be changed after you open the certificate.

Yes, but early withdrawal penalties apply. MyTerm has no liquid option, so it's best for money you won't need before your term ends. If you want your money available while it earns, High-Yield Checking may be a better fit. For penalty details, see our Account Agreement and Disclosure.

We notify you before your certificate matures, and you get a grace period to withdraw your money, renew, or make other changes. If you take no action, your funds automatically convert to a non-promotional 1-year Share Certificate, or a 1-year IRA Certificate for IRA accounts, at the rate in effect at that time. That rate may differ from your MyTerm rate.

Yes. MyTerm is available as a Share Certificate or an IRA Certificate. A Share Certificate is a standard CD. An IRA Certificate holds your CD inside an Individual Retirement Account, so IRS contribution limits and distribution rules apply. Contact us or visit a branch to set one up, and talk with a tax advisor about your situation. Learn more about MyPoint IRAs.

Yes. Deposits at MyPoint Credit Union are federally insured by the National Credit Union Administration (NCUA) up to $250,000 per member, per ownership category. Because MyTerm has no maximum deposit, ask us how ownership categories work if you plan to deposit more than $250,000.

A credit union certificate works like a bank CD: you deposit money for a set term and earn a fixed rate. The differences are that credit union members are owners of the institution, certificates earn dividends instead of interest, and deposits are insured by the NCUA instead of the FDIC. Standard coverage is the same $250,000 limit.

At 4.25% APY*, $10,000 held for one year with no deposits or withdrawals would earn about $425 in dividends. This is a hypothetical example. Your actual earnings depend on your balance, term, and any fees, and rates can change before you open. Try your own numbers with our calculators.

It depends on whether you need access to the money. MyTerm pays a fixed rate on money you set aside for a term. High-Yield Checking lets you spend, withdraw, or transfer your money anytime, but its rate is variable and depends on your balance. If you're not sure which fits, schedule a conversation and we'll help you decide.