Skyla’s Certificate of Deposit (CD) accounts produce a guaranteed rate of return on your savings. Get started with a minimum $500 opening deposit and choose your 6- to 60-month term. Dividends are compounded and credited monthly.
With a fixed rate, you know exactly how much interest you’ll earn.1
A wide range of term options sure to fit your life.
$500 – that’s all it takes to open your brand-new CD account.2
Check out some of these frequently asked questions to determine if a Certificate of Deposit (CD) account is right for you!
A CD is a savings account that locks in your money for a specific amount of time (your term) with a fixed interest rate (stated in APY*) that's typically higher than regular savings accounts.
A CD is ideal if you have extra savings that you’re ready to start earning even higher interest on and are comfortable not being able to access that money for 6- to 60-months, depending on your term.
There aren't any monthly fees, but there is a fee to withdraw money before your term is up (called an early withdrawal penalty), so make sure you have a good handle on your budgeting before locking in a CD!
$500 is all it takes to open a new Regular CD, $50,000 is required to open a new Jumbo CD, and $250,000 is required to open a new Elite Jumbo CD.
Once you open your new CD account, you cannot add money until your term is up.
Absolutely! Your deposits are insured up to $500,000 through the National Credit Union Administration (NCUA) and Excess Share Insurance Corporation (ESI)… at no additional cost to you!
6-month: 3.60% APY*
9-month: 4.00% APY*
12-month: 3.50% APY*
18-month: 3.40% APY*
24-month: 3.30% APY*
36-month: 3.20% APY*
48-month: 3.25% APY*
60-month: 3.25% APY*
senior 18-month: 3.45% APY*
6-month: 3.70% APY*
12-month: 3.60% APY*
18-month: 3.50% APY*
24-month: 3.40% APY*
36-month: 3.30% APY*
senior 18-month: 3.55% APY*
12-month: 4.00% APY*
24-month: 3.80% APY*
36-month: 3.70% APY*
48-month: 3.75% APY*
60-month: 3.75% APY*
* APY = Annual Percentage Yield. A minimum deposit of $500 is required for Regular Share Certificates, $50,000 is required for Jumbo Share Certificates, and $250,000 for Elite Jumbo Share Certificates.
1 Rates, terms, and conditions are subject to change. Please review our current rate list. Rates as of 12/01/2024. Fees may reduce earnings. Early withdrawal penalties apply. Some restrictions apply.
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