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Earn more by doing less!
With fixed rates over fixed periods of time, CDs are the set-it-and-forget-it sure thing when it comes to your savings. You pick the term, and we take it from there! Whether you’re saving for the short-term or setting yourself up for the future, we'll help you do it smart while keeping it simple.
Advantages of Certificates of Deposit
Why a CD?
Guaranteed growth, without any of the confusion or constant management.
Higher interest rates
CDs come with big savings rates, so that you can stack your money up faster.
Fixed interest rates
Found a rate that works for you? Lock it in for the full, entire length of your term!
Guaranteed returns
No guessing games. Know exactly how much you’ll make in return right from the start!
Flexible terms
We’re on your timeline! We’ve got you, whether you’ve got a few months or a few years.
No market exposure
Sit back and relax – whatever’s going on with Wall Street, your CD is all good.
Easy to understand
CDs are a simple (but super powerful) savings tool that’s easy to get started with!
CD Special
Earn up to 3.75% APY*!
We’re making it easy to earn extra on your next special CD! When you have a CloseEnuff® checking account with at least $100 per month of direct deposits, your 3.25% APY base rate automatically gets bumped up to 3.75% for every month you keep up the direct deposit minimum.
Special Certificate of Deposit Rates
Date Updated June 12, 2026
Wire transfer fees up to $50 will be waived. *APY= Annual Percentage Yield. Minimum to open: $100. Fees may reduce earnings; subject to penalty for early withdrawal. Please call (877) 937-2328 for additional rates & terms.**Initial rate will be set as the default rate for the first two months to allow time for direct deposit connection. ***Accounts will be scanned on the 1st of the month to determine if it qualifies for the elevated rate.
Certificate of Deposit Rates
Date Updated June 12, 2026
*APY= Annual Percentage Yield. APY depends on Member Reward Club status and is subject to change. APY stated above assumes President's Club status. Minimum to open: $100. Fees may reduce earnings; subject to penalty for early withdrawal. Please call (877) 937-2328 for additional rates & terms.
CERTIFICATES OF DEPOSIT DETAILS
What’s your CD savings stack?
If you’re saving for big dreams, like a big boat, you Belong here! Navigate rough financial waters and reel in bountiful savings with a range of short and long-term CDs tailored to your needs and your dreams at orsa credit union.
- Certificates starting at just $100
- Short and long-term options that fit your timeline
- Bonus rates up to .20% on regular certificates
Frequently Asked Questions
Certificates of Deposit FAQ
If you have any further questions, give our Care Center a call at (877) 937-2328 or stop by one of our branch locations!
Certificates of deposit are savings tools that usually offer higher returns than most other accounts by locking up your money for a set period of time, called the CD’s term. Once that term ends, you get your initial deposit back plus all the interest that your certificate built up!
As a credit union, orsa savings products are Federally Insured by NCUA up to $250,000 with additional coverage up to $100,000 from ESI Corporation.
While everyone has a different financial situation, CDs are a powerful savings tool for those that want to guarantee hands-off return.
Yes, the interest earned on a certificate of deposit is considered taxable income. Additionally, certificates with terms longer than one year must have their interest reported each year.
No, the amount in your certificate of deposit is locked in until the maturity date. If you’d like to increase the amount that you’re earning returns on, we recommend exploring opening a second certificate to maximize your money!
Certificate of deposit dividends at orsa are calculated daily, while being compounded and paid quarterly.
There’s no hard limit on the number of CD accounts you have. In fact, some members do what’s called “CD laddering”, with multiple accounts that mature at different times. This allows for financial flexibility while still benefitting from longer CD terms.
Opening a new CD at orsa is as easy as earning from a CD! Simply open your CD online, in our digital banking portal, at a branch, or through the Care Center by phone at (877) 937-2328!
Other ways to save
The place for savers
CDs are far from all that we do to help members like you save more. From kickstarting your growth with a High Yield Savings Account to chipping in extra every time you spend, we’ve got something for every step of the savings journey!
You are Enuff®
Looking to make your Impossible Dreams possible? Your membership can help make it happen!
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