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Elevate Your Savings

Our Certificate of Deposit (CD) options let you earn a robust, fixed interest rate for the duration of your chosen term. With FreeStar Financial Credit Union, you have access to a broad range of terms and ongoing specials.

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Certificates of Deposit
Effective Date: Thursday, April 25th, 2024
TermMinimum BalanceInterest RateAPY*Military RateMilitary APY**
Save to Win (1 year) $25.00 2.960% 3.000% 3.9280% 4.000%
iSave Youth (1 Year) $25.00 2.960% 3.000% 2.9600% 3.000%
Six Month $500.00 2.472% 2.500% 3.4460% 3.500%
One Year $500.00 2.960% 3.000% 3.9280% 4.000%
Two Year $500.00 3.057% 3.100% 4.0250% 4.100%
Three Year $500.00 3.154% 3.200% 4.1210% 4.200%
Four Year $500.00 3.300% 3.350% 4.2660% 4.350%
Five Year $500.00 3.445% 3.500% 4.4100% 4.500%
*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.
**MILITARY APY: Qualified Military Members receive a 1% rate increase on all CDs, excluding iSave. Eligible members include Active Duty, Veterans, and Retirees. Direct deposit must be in the name of the military member. Direct deposit must be a minimum total of $1,100 per month and must also post to your checking account to qualify. Rates subject to change at any time without notice.
Military Status Verification: For non-members wishing to avail the military rate, verification of military status is required. Acceptable proof includes: Military ID, Retirement ID, Paystubs for military pay, or DD214 (Certificate of Release or Discharge from Active Duty). Terms and conditions apply.

CD Options to Suit Your Needs:


Standard CDs

Start your savings journey with just $500. Our standard CDs renew automatically 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.


Save to Win CD

Boost your savings while increasing your chances of winning monthly and quarterly cash prizes. Open an account with just $25. No minimum deposit required after account opening. 12-month term of certificate. Must be 18 years or older and a legal resident of Michigan. All deposits must be made while in Michigan. One CD per member among any credit union that participates in Save to Win program. Monthly cash prizes.

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iSave CD

A perfect start for young savers under 17 years old. Open an account with just $25. No minimum deposit required after account opening. 12-month term of certificate. Earn a chance to win an annual prize.

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How Do I Open A CD?

You can open a CD in person at one of our branches, by calling 586-466-7800 opt. 7 to speak to a representative, or add this product through Online Banking by selecting the "Open AdditionalAccounts" option under "Services".

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Please note: Special certificates will automatically renew on their maturity date. Members receive a 10-day grace period to withdraw or make changes before a penalty will apply.

Penalties for early withdrawal:

  • If the CD is closed before the maturity date, penalties will be assessed as outlined below:
    • Less than 1 year: 90 days of interest
    • 1 Year: 90 days of interest
    • 2 Years: 180 days of interest
    • 3-5 Years: 270 days of interest
    • 5+ Years: 360 days of interest

*APY - Annual Percentage Yield. All specials are a limited time offer and are subject to end at any time.

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