If you’re looking for a safe, reliable way to grow your savings, certificates at TPFCU offer guaranteed returns with flexible terms. A certificate of deposit is ideal for members who want predictable growth without market risk. With NCUA-insured CDs at some of the best CD rates in Texas, we make it easy to reach your financial goals.
What Is a Certificate of Deposit?
A certificate of deposit (CD) is a savings tool that offers a fixed interest rate in exchange for keeping your money in the account for a set period of time. Unlike a traditional savings account, a CD account earns higher interest during its term.
You choose the CD term that fits your timeline. Your funds grow at a guaranteed interest rate until the maturity date. While early withdrawal is possible, penalties may apply.
Benefits of TPFCU Certificates
Our certificate accounts offer:
- Competitive dividend rates higher than a savings account
- Flexible CD terms for short- or long-term needs
- NCUA-insured CDs up to applicable limits
- Fixed interest rates and guaranteed returns
- Local Texas service from a member-first credit union
A certificate is a safe investment that helps you grow savings while avoiding market volatility. You earn a fixed interest rate and a reliable annual percentage yield.
Why Choose TPFCU for Certificates?
TPFCU is a trusted financial institution serving Amarillo, TX and communities across Texas. As a not-for-profit credit union, we focus on helping members, not shareholders. Our team offers guidance to match CD options and interest rates with your financial goals, such as retirement planning or college savings.
You can get expert service at any TPFCU banking center in Amarillo, Canyon or Childress, Texas or through secure online banking. If you have questions about CD rates or early withdrawals, we can help.
Our Current CD Rates and Terms
Term |
Dividend (Fixed Rate) |
APY* |
Payout Frequency |
Minimum Deposit |
6 Months |
3.47% |
3.50% |
At maturity |
$5,000 |
12 Months |
3.21% |
3.25% |
Paid quarterly |
$5,000 |
24 Months |
2.97% |
3.00% |
Paid quarterly |
$5,000 |
How to Get Started
Simply choose your preferred CD term (which determines your certificate of deposit rate), make the minimum deposit, and start earning a fixed interest rate right away. You can open a CD account in person at any banking center in Amarillo, Canyon, or Childress, TX or through our online banking.
Frequently Asked Questions
The minimum deposit is $5,000 for all TPFCU CDs.
Yes. The early withdrawal fee is either $25 or the amount of dividend loss equal to dividends that would have accrued over 50 percent of the remaining CD term. The higher amount will be the fee.
For non-renewal share accounts, a seven-day penalty applies if funds are withdrawn within seven days of opening. If the account has not been open for at least seven days, the penalty must be taken from the principal.
Some institutions do offer no-penalty CDs, but the best way to earn fast and incur no penalty is to avoid early withdrawal in the first place.
Look for a local dealer in Texas that provides transparent pricing, offers a CARFAX report, and works with trusted credit unions for auto financing support.
Yes. We offer NCUA-insured CDs with protection up to $250,000 per member per ownership category.
CD rates are typically higher than traditional savings account or high-yield savings account interest rates. You earn a fixed interest rate throughout the time period, which earns more over time.
