🔥 A Checking Account That Works For YOU!
Shield Checking offers up to $1,321 in perks — early paydays, loan discounts, high-yield savings, and more. Options start at $0/month   Learn Now
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FLEX
CD & IRA

as high as
APY 1
— 10 months
Open Now
Grow freely with our highest APY
and with a Shield Elite Checking Membership
Request Call
With a Shield Elite Membership
up to APY 1
For 10 months
By activating a Shield Elite Membership at the time of opening a Flex Certificate (CD) or IRA, you'll secure our highest APY 1 available! Plus, you'll gain these premium perks:
  • ✓
    BillShark®
    We can help you secure the lowest prices on your internet, TV, cell phone, and home security services.
  • ✓
    Loan Discounts
    Valid on Personal and Vehicle Loans! You'll get 0.25% off your approved interest rate.
  • ✓
    Earn Interest
    You'll earn some extra cash on your checking account balance.
Learn More
Explore your
Savings Potential!
Deposit information
Term information
APY information
empower your journey
Get started today with as low as
$2,000
*Existing DFCU funds not eligible
1
Penalty-Free Withdrawal
Enjoy a one-time withdrawal of up to 50% of your balance without penalties!1
Unlimited Deposits
Increase your investment in increments of $1,000 or more.1
No Maximum Limit
Add funds as often as you'd like and watch your savings flourish without any contribution limits.1

Rates

1
Details
Term
Dividend Period
Minimum Balance and Earnings Amount
Dividend Rate
Annual Percentage Yield (APY)
with a Shield Elite Membership
Term
10 months
Dividend Period
Quarterly
Minimum Balance and Earnings Amount
$2,000
Dividend Rate
Annual Percentage Yield (APY)
without a Shield Elite Membership
Term
10 months
Dividend Period
Quarterly
Minimum Balance and Earnings Amount
$2,000
Dividend Rate
Annual Percentage Yield (APY)

Frequently Asked Questions

What is a Certificate of Deposit (CD)? A CD is a type of savings account offered by banking institutions that provides a fixed interest rate over a specified term. In exchange for agreeing to leave your money deposited for the term length, you earn a higher interest rate compared to a regular savings account.
How do I complete an Early Withdrawal? We know life happens! Withdrawing funds before the Certificate's maturity usually incurs a penalty, which can be a certain number of months' worth of interest or a percentage of the principal. This is why we added a touch of flexibility to our Flex Certificate! With our Flex Certificate, you can request an early withdrawal through the DowneyFCU mobile app Secure Message Center, by calling us at 562-862-8141 or visiting our Branch. Once the request is processed, you'll receive your funds.
Are there fees associated with a Flex Certificate? A one-time no penalty withdrawal of up to 50% of the current balance is allowed! Any additional withdrawals before the end of the term will result in a 90-day dividend penalty on all certificates or IRAs. Also, enjoy NO monthly service charge.

Disclosures

1
Membership at Downey Federal Credit Union is required. Must be new money deposited from another financial institution. Existing DFCU funds not applicable. APY is available to those with an open Shield Elite Checking Account and have a membership in good standing. If no Shield Elite Checking Account is open, the APY defaults to APY and at renewal it will default to the Flex CD and IRA base rate. $2,000 minimum opening amount with no maximum deposit amount. All deposits must be in increments of a minimum of $1,000. The Flex CD or Flex IRA are for a 10-month term. Once matured, it will automatically renew to the 10-month CD or IRA APY at the time of renewal. If you received the 0.25% APY new money increase at account opening, a minimum of $2,000 of new money must be added to the account during the renewal period to continue to receive the 0.25% APY new money increase after the renewal period. Rates are subject to change at any time without notice. Dividends are compounded and paid quarterly. After seven calendar days of opening, the Flex CD and Flex IRA allows for a one-time withdrawal of up to 50% of the current certificate balance or IRA balance with no DFCU penalties. Early IRA withdrawal penalties are subject to any IRS penalties as disclosed in the appropriate Credit Union IRA Custodial Agreement. All IRA deposit and withdrawal IRS limitations apply. Consult with a tax specialist for any IRA withdrawals IRS penalties. Any additional withdrawals (partial/full) or closing of the Flex certificate or Flex IRA before the 10-month end date will result in penalties. Fees may reduce earnings. Please refer to DFCU's Truth-In-Savings Disclosures for more information. Dividends will not be earned if the certificate or IRA is closed before the dividends are credited by the ending date of each month. This offer excludes IRA Share accounts. All credit union programs, rates, terms, and conditions are subject to change without notice. Offer subject to expire at any time and subject to change without notice. Cannot be combined with any other offers.