Frequently Asked Questions

• Do you need to be a Listerhill member to open a CD account?

  Yes, you do need to be a Listerhill Credit Union member to apply for a CD account. To qualify for membership with Listerhill, you must meet one of the following requirements:

  • You must live in the states of Alabama, Georgia, Mississippi, Florida, or Tennessee.
  • Depending on your individual eligibility requirements, we may require membership in an approved association at no cost to you.
  • You can also qualify for membership by being a family member of a current or potential Listerhill member.
• Is my money safe in a CD account?

  Yes, money in a CD account is guaranteed by the federal government through the National Credit Union Administration (NCUA) up to a maximum of $250,000 per account, making it one of the safest investments you can make.

• What is the disadvantage of a CD account?

  The main disadvantage of most CD accounts is that your money is inaccessible for the period that it is invested. Taking your money out at this time will reduce earnings and will incur early withdrawal penalties.

• What happens to a CD at maturity?

  At your maturity date, your share certificate stops earning its fixed rate, and your term ends. You can choose to take your money out without penalty during a withdrawal window or reinvest it in a new CD. Your principal plus earnings will be paid into the Listerhill account you elect. If you do nothing, Listerhill will automatically renew the amount for a similar term.

• How much will a $10,000 CD earn in 6 months?

  The exact amount depends on the annual percentage yield (APY) offered by your financial institution and the term you choose.

  As a general example, a $10,000 CD held for six months could earn approximately:

  • About $161–$166 at a lower APY range (around 3.25%–3.35%)
  • About $168–$176 at a mid-range APY (around 3.40%–3.55%)
  • About $181–$186 at a higher APY (around 3.65%–3.75%)

  Because CDs earn interest based on a fixed rate over a set term, your actual earnings will vary depending on the APY and your institution's compounding frequency (daily, monthly, or annually).