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Learn More About United Teletech Financials’ CD Accounts

Certificate Accounts

At United Teletech Financial, we're dedicated to helping you reach your financial goals. Are you attempting to save money for a future purchase? Want to build a nest egg? Our certificate accounts, also known as CDs, can help.

What Is a Certificate of Deposit Account?

A certificate of deposit, also known as a CD, is a form of savings account. Yet, by using a CD, you'll agree to keep those funds locked away until a specific maturity date. In return, you'll receive a better APY* than most traditional savings accounts can offer.

For example, our lowest term is 3 to 5 months with 10% APY. You can also obtain a term length as long as 60 months with a .75% APY. It all depends on your needs and financial goals.

United Teletech Financial offers a variety of certificates with varying rates and terms. The balance requirements range from $500 to $25,000, depending on the certificate you choose. View our current rates to see which CD will benefit you best.

The Benefits of a CD Account

There are many benefits of opening a CD account when you wish to make the most of your savings. Some of these benefits include:

  • Safety: CDs are federally insured up to $250,000 per account. This means your cash is kept safe regardless of the market. Plus, CDs are a safer option for those who don't want to invest in stocks or bonds.
  • Fixed APY: Due to the fixed APY on CDs, you can expect a specific amount of yield at your maturity date. Your APY will stay the same throughout the full term of your CD. This also makes it easy to create a financial plan that includes CD accounts.
  • Better returns: CDs often result in a higher APY than traditional savings accounts, giving you more for your money. Plus, it's an added reward for saving.

Will You Benefit From a CD Account?

CDs aren't the best choice for everyone. If you use your savings account frequently or make frequent withdrawals, a CD might not be best for you. Yet, if you have some cash you'd like to put away for a distant rainy day, a CD is a great choice.

As always, it's important to discuss any financial decisions with a certified financial counselor. Our counselors can help you decide whether a CD is right for you and your family. Plus, due to changes in the market, it's always best to check rates for both savings account and CD options.

Learn More About Our CD Accounts—Reach Out to UTF Today!

Want to learn more about our CD accounts? Need to open an account? We can help. Give our team a call at 732-530-8100 or book an appointment at one of our branches today.

*Annual percentage yield

View Rates for Certificate Accounts Apply for a Certificate Account

*Fees may reduce earnings

*For information regarding early withdrawal penalities please see Section 8 of our Truth-in-Savings Disclosure.