Earn more with your money
A Certificate of Deposit (CD) allows you to earn a high, fixed interest rate for the length of time you select. FreeStar Financial Credit Union offers a wide variety of terms and ongoing specials.
View our competitive rates:
| Certificate of Deposit - Specials | |||
| Effective Date: May 15, 2023 | |||
| Term | Minimum Balance | Interest Rate | APY* |
| 9-Month | $500.00 | 3.440% | 3.500% |
| 13-Month Special | $500.00 | 4.073% | 4.150% |
| 18-Month Special | $500.00 | 4.170% | 4.250% |
| 3 Year Bump** | $1,000.00 | 3.445% | 3.500% |
| 3 Year Bump** | $100,000.00 | 3.687% | 3.750% |
| *APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period, and expressed as a percentage. | |||
| **New Money Only – Funds must come from cash or another financial institution. No existing FreeStar Financial deposits can be used to take advantage of this promotion. No limitations on the number of CDs opened per household or age of member. Member must visit a branch location or call to take advantage of these specials. Penalties for early withdrawal may apply. Members are able to increase their interest rate (bump) anytime during the term of their certificate to earn a higher rate of return on their funds that they have invested. Bump rates are based on the term of the Bump CD. For example: 3-Year Bump CD opened 09/01/2022 with an APY of 2.50%. On 11/01/2022, the Credit Union increases the APY on the regular 3-Year CD to an APY of 3.00%. On 11/07/2022 the member contacts the CU to “BUMP” their rate on their 3-Year Bump CD. Offer subject to change at any time without notice. | |||
| Certificates of Deposit | |||
| Effective Date: March 8, 2023 | |||
| Term | Minimum Balance | Interest Rate | APY* |
| Save to Win (1 year) | $25.00 | 2.716% | 2.750% |
| iSave Youth (1 Year) | $25.00 | 2.716% | 2.750% |
| Six Month | $500.00 | 2.716% | 2.750% |
| One Year | $500.00 | 2.716% | 2.750% |
| Two Year | $500.00 | 2.960% | 3.000% |
| Three Year | $500.00 | 2.960% | 3.000% |
| Four Year | $500.00 | 3.057% | 3.100% |
| Five Year | $500.00 | 3.203% | 3.250% |
| *APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period, and expressed as a percentage. | |||
Types of CDs to choose from:
Standard CDs
- It only takes $500 to get started on a regular CD. (Special certificates may have a higher or lower minimum starting amount.)
- Regular certificates will automatically renew on their maturity date for the same term or like term, at the current rate.
- Members receive a 10-day grace period to withdraw or make changes before a penalty will apply.
- FreeStar Financial also offers IRA CDs.
Bump Rate CD
You can earn an excellent rate now with potential to earn even more in this rising rate environment. There are currently two types of bump rate cds available, the 3-year and the 5-year. The 3-year allows for one bump during the term and the 5-year allows for two bumps. When rates go up, all you have to do is call us to request the upgrade.
Save to Win CD
Start small, earn big rewards! Earn interest on your money and increase your chances of winning monthly and quarterly cash prizes.
- $25 to open the account
- Make deposits anytime
- No minimum deposit after account opening
- 12-month term of certificate
- Must be 18 years or older
- Legal resident of the state of Michigan
- All deposits must be made while in the state of Michigan
- One CD per member among any credit union that participates in Save to Win program
- Monthly cash prizes
iSave CD
A great way for kids to start saving and a chance to win an annual prize.
- $25 to open the account
- Make deposits anytime
- No minimum deposit after account opening
- 12-month term of certificate
- Designed for kids 17 years old and younger
- Annual prize