Credit Union Certificate of Deposit in Kansas City

Opening a Certificate of Deposit account with City Credit Union will help you reach your savings goals faster. Our CD rates are very competitive and seldom have fees that would cut into the interest your CD earned. Those worried about investing in the stock market can take comfort in knowing a certificate of deposit is a safe investment. As your CD earns interest, your savings will consistently grow.

The Benefits of Opening a Certificate of Deposit

Investing your money in a Certificate of Deposit at City Credit Union is a safe and reliable way to grow your savings. The earnings of a CD are predictable, and they come with the flexibility of different terms geared toward your goals.


  • A short-term CD investment would be wise for a special event such as a wedding or an upcoming trip.
  • Mid to long-term CDs would prove invaluable when saving for a car or higher education.


CDs are insured by the National Credit Union Administration up to $250,000 and come with fixed rates.


Because these interest-bearing accounts have a fixed maturity date, you won’t be tempted to access your savings before maturity. 



Certificate of Deposits Offer Great Interest Rates

Give your saving strategy a boost by opening a certificate of deposit. Not only will opening a CD give you a higher interest rate than most saving accounts but your rates will also be locked in for the duration of the term regardless of market drops. Call us at 816-252-2415 to discover the current CD rates available. 

Why Open an Account with City Credit Union?

City Credit Union offers the best certificate of deposit rates around. When you open a CD account with us, we’ll show you the best ways to make your money work for you. Our amazing banking professionals are knowledgeable and truly committed to helping you make the right choices for managing your money. You can choose the CD with different maturity dates designed around your needs and financial goals. Together, we’ll make opening the CD for you a breeze. 

How to Open a Certificate of Deposit Account

Stop by City Credit Union or call to schedule an appointment if you are interested in opening a Certificate of Deposit account. We will make the process easy for you.


A minimum balance of $500 will get you started on various CD terms ranging from 3 months to 5 years. With your financial goals in mind, our professionals will provide guidance for the best CD terms and how to receive the interest earned. Should you receive all the interest at the end of the CD's term or regular disbursements? No worries, our experts are here to help. 


Come with your identification: One or two forms of identification, your physical address, and contact information. Soon your money will earn a competitive interest rate in a CD dispursement designed with your financial goals in mind. 


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Frequently Asked Questions About CDs

  • What is the Purpose of a CD Account?

    A Certificate of Deposit is like a saving account in that it is a low-risk financial tool to save money. Saving accounts allow access to your funds whenever needed. On the other hand, a Certificate of Deposit will have a set term in which the funds cannot be withdrawn without penalty. A higher interest rate is earned with a CD in exchange for limited liquidy.

  • How Do I Earn Interest on a Certificate of Deposit?

    Flexible terms are offered for a Certificate of Deposit to match your needs.  At City Credit Union, we offer 8 different terms, starting with 3 months to 5 years. Your earned interest depends on the amount of money in the CD and the length of the term. Typically, longer terms and larger investments will earn higher interest returns.  CDs, like savings accounts, will earn compound interest added to your principal periodically.

  • What Happens When My CD Account Matures?

    You will have access to your funds when your Certificate of Deposit matures. You can receive your money as a check, deposit it into another account, or roll it over into another CD. City Credit union will send you a notice of the maturity date, but it’s a good idea to record it on your calendar when you open the account. You have a grace period (usually 10 days) to decide what to do with your money after the CD matures.

  • Do I Have To Pay Taxes On Interest Earned On A CD

    Whether you receive your funds in cash or roll it over into another Certificate of Deposit after maturity, the interest earned is considered income by the IRS standards. Your interest income is taxable in the year it is paid out.

  • Is There a Penalty for Early Withdrawl?

    Generally, there are penalties for early withdrawal on a Certificate of Deposit.


    Come in and speak to an account specialist at City Credit Union regarding penalties for early withdrawal. There may be ways to avoid them.  


Ready to Get Started? Call or Visit City Credit Union Today!

Call or visit City Credit Union today when you are ready to get started with a Certificate of Deposit that offers a higher interest rate to maximize your savings. Our financial experts will help you select the right CD for your financial goals.

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