Now more than ever, a Certificate of Deposit (CD) is an ideal investment.

Book an in branch visit today

When does a 12-month CD with a 4.06% interest rate make the most sense?

A 12-month CD with a 4.06% APY* can be a smart choice in several situations.

Firstly, if you have a lump sum of money that you don’t need immediate access to, investing in a CD can be a great way to earn a higher rate of return compared to a regular savings account. Additionally, if you have a specific financial goal that you are saving towards and you know you won’t need the funds for at least a year, a 12-month CD can help you stay focused and committed to your savings plan. The fixed term of the CD ensures that you won’t be tempted to dip into your savings prematurely.

Benefits of investing in a certificate of deposit (CD)

Investing in a certificate of deposit offers several benefits. Firstly, it provides a guaranteed return on your investment. Unlike other investments, such as stocks or mutual funds, the interest rate on a CD is fixed, so you know exactly how much you will earn at the end of the term. Additionally, CDs are insured by the National Credit Union Administration (NCUA) up to $250,000 per account, providing an extra layer of security.

Another advantage of CDs is that they can help you develop a disciplined savings habit. By locking your money away for a set period of time, you are less likely to spend it impulsively. This can be particularly beneficial if you are saving for a specific financial goal, such as a down payment on a house or a college education.


How to open a 12-month CD with a 4.06% APY rate at

TOPCU offers a 12-month CD with a competitive 4.06% APY rate. To open a CD with TOPCU Schedule an appointment today 

Questions? Call (520) 881-6262

Minimum opening deposit $1,000. 

Fixed rates

Your money is secure, and you know the interest rate you will earn.


No fees

No service fees. Penalties may apply if you withdraw your money before the end of the term.


Easy application

Give us a call at (520) 881-6262 or stop by a branch, schedule an in-person appointment.

Save with certainty on a guaranteed rate

CD Features:

  • Minimum opening deposit of $1,000
  • NCUA insured
  • No maintenance fees
  • Online banking access

You can open a CD over the phone or in person at a branch

Have questions? Ask us!

Understanding certificate of deposit (CD)

A certificate of deposit, commonly referred to as a CD, is a popular financial product that allows you to save money while earning interest. It is a time deposit offered by banks and credit unions, where the depositor agrees to keep the funds invested for a specific period of time. CDs are considered to be low-risk investments and are a great option for individuals who want to maximize their savings.

How does a certificate of deposit (CD) work?

When you invest in a certificate of deposit, you agree to keep your money with the financial institution for a specific period of time, known as the term. The term can range from a few months to several years, depending on your preference. In return for keeping your money locked in, the bank or credit union pays you a fixed interest rate, which is typically higher than the interest rates offered on regular savings accounts.



Certificate of Deposit FAQ:

Is my money safe?

Your money is safe with TOPCU. The National Credit Union Share Insurance Fund was created by Congress in 1970 to insure members’ deposits in federally insured credit unions. Each TOPCU member has at least $250,000 in total coverage. Administered by the NCUA, the Share Insurance Fund insures individual accounts up to $250,000. Additionally, a member’s interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund has the backing of the full faith and credit of the United States. Credit union members have never lost even a penny of insured savings at a federally insured credit union.

What is a Certificate of Deposit

A Certificate of Deposit is a type of savings account with a guaranteed rate for a specified term. When you open a CD, you commit to keeping the money in the account until it reaches its maturity date. Generally, the farther away the maturity date, the higher your interest rate. A CD can be an effective way to help your money grow at a great rate and is not affected by downturns in the economy.

How do I open a a Certificate of Deposit

Give us a call at (520) 881-6262 or stop by a branch, Set up an Appointment, Or apply online. Be sure to have your driver’s license, state ID, or passport and Social Security number handy. If you plan to fund the CD with money from an account at another bank, you should have those routing and account numbers ready. You may fund your CD account by mailing us a check or by electronically transferring funds from an account at another financial institution.

Are there any fees for opening a CD?

No. There are no fees for opening a CD with TOPCU.

Have questions? Call us: (520) 881-6262

Effective Date: 01-3-2024

*APY=Annual Percentage Yield. Annual percentage yield(s) accurate as of Jan 3, 2024.  Minimum Deposit of $1,000 is required. Dividends will pay monthly. The APY for all accounts is based on the assumption that dividends will remain in the account until maturity. Early withdrawal will reduce earnings and subject to an early withdrawal penalty, subject to membership eligibility requirements. Subject to approval. Certain restrictions may apply. Early withdrawal penalties may apply. Federally insured by the NCUA

Each depositor is insured up to $250,000. Visit Branch locations in Tucson, Arizona. Serving neighborhoods in Armory Park, Sam Hughes, El Presidio, Catalina Vista, El Encanto and more.