Pima Federal Credit Union Cd Rates Calculator

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Pima Federal Credit Union CD Earnings Calculator

Projected CD Growth

Total Interest Earned

$0.00

Final Balance

$0.00

function calculatePimaCD() { var principal = parseFloat(document.getElementById('depositAmount').value); var months = parseFloat(document.getElementById('cdTerm').value); var apy = parseFloat(document.getElementById('apyRate').value); if (isNaN(principal) || isNaN(months) || isNaN(apy) || principal <= 0 || months <= 0 || apy < 0) { alert("Please enter valid positive numbers for all fields."); return; } // APY formula for total amount: A = P * (1 + r)^t // where r is the annual rate and t is years var years = months / 12; var ratePerYear = apy / 100; // Note: APY already accounts for compounding frequency. // The formula A = P(1+apy)^t provides the future value. var futureValue = principal * Math.pow((1 + ratePerYear), years); var interestEarned = futureValue – principal; document.getElementById('totalInterest').innerText = '$' + interestEarned.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('finalBalance').innerText = '$' + futureValue.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); document.getElementById('pima-result').style.display = 'block'; }

Maximize Your Savings with Pima Federal Credit Union CD Rates

Pima Federal Credit Union offers a variety of Certificate of Deposit (CD) options designed to help members grow their savings safely and predictably. Unlike a standard savings account, a CD locks your funds for a fixed period at a specific Annual Percentage Yield (APY), shielding you from market fluctuations and declining interest rates.

How Pima Federal CD Rates Work

When you open a CD at Pima Federal, you are committing your initial deposit for a set duration, often ranging from 6 months to 60 months. In exchange for this commitment, the credit union typically offers a higher yield than a liquid savings or money market account. The Pima Federal Credit Union CD Rates Calculator above helps you estimate exactly how much interest your investment will generate by the time the term matures.

Key Factors Influencing Your Earnings

  • Principal Amount: The larger your initial deposit, the more interest you will accrue over time.
  • The Term Length: Generally, longer terms (like 36 or 60 months) offer higher APYs compared to short-term certificates.
  • Compounding Frequency: Pima Federal typically compounds interest monthly, which allows your interest to earn interest, accelerating growth.
  • Annual Percentage Yield (APY): This is the effective rate of return taking into account the effect of compounding interest over a one-year period.

Example Calculation

Suppose you decide to invest in a Pima Federal "Special" 15-Month CD with a promotional APY. If you deposit $10,000 at an APY of 5.00% for a 15-month term:

  1. Your funds will be held for 1.25 years.
  2. Using the APY growth formula, your projected total interest would be approximately $631.82.
  3. Your final balance at maturity would be $10,631.82.

Why Choose a Credit Union CD?

Choosing Pima Federal Credit Union for your certificates often means competitive rates and personalized member service. Additionally, your deposits are federally insured by the NCUA (National Credit Union Administration) up to $250,000, providing the same level of security as FDIC insurance found at traditional banks. This makes CDs an excellent cornerstone for a low-risk investment portfolio or a vehicle for specific goals like a house down payment or wedding fund.

Disclaimer: This calculator is for educational purposes only. Rates and terms at Pima Federal Credit Union are subject to change. Please consult with a Pima Federal representative for current rates and specific account disclosures including early withdrawal penalties.

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