Best Certificate of Deposit (CD) Rates in Kokomo, Indiana
A Certificate of Deposit (CD) is one of the safest ways to grow your money. With a guaranteed rate and fixed term, you’ll know exactly how much you’re earning—without worrying about market changes. For people seeking the best Certificate of Deposit in Kokomo, Indiana, Encompass Credit Union offers competitive options tailored to meet your financial goals.
Current CD Rates in Kokomo, Indiana
Encompass provides a range of CD terms with competitive Kokomo, Indiana, CD rates to help you save securely. Rates vary based on the length of your deposit and can be viewed at any time on our Rates & Fees page.
Short-term CDs: Ideal for those who want quick access to their money.
Mid-term CDs: A balance between earning potential and flexibility.
Long-term CDs: Lock in a higher rate for steady, predictable growth.
Regardless of which term you choose, your funds are federally insured, providing you with peace of mind.
How CD Terms Affect Your Returns
CDs are straightforward—deposit a set amount for a specific period, and earn guaranteed interest. Here’s how terms impact your savings:
Shorter Terms (3–12 months): Lower rates but quicker access to funds.
Longer Terms (24–60 months): Higher rates with more time for your money to grow.
Early Withdrawal: CDs are meant to be held to maturity. Withdrawing early may result in penalties.
Review all available terms on our Savings Accounts page to find the option that matches your timeline.
Why Choose Encompass Credit Union for Your CD
Encompass has been serving the Kokomo area and its surrounding communities for decades. Choosing a CD with us means:
Competitive Rates: Grow your savings faster.
Local Connection: Decisions made right here in Indiana.
Member-First Service: Personalized support from people who know your community.
Trusted Security: Your deposits are federally insured.
With Encompass Credit Union, you’re not just a customer—you’re a member-owner.
How CDs Compare to Other Savings Options
How do CDs stack up against Savings Accounts?
CDs: Higher, guaranteed rates in exchange for locking funds.
Savings Accounts: Flexible access to your money, but lower returns.
If you want secure, predictable growth, a CD is often the strongest option.
Steps to Open a CD With Encompass Credit Union
Getting started is simple:
Become a member (if you aren’t already).
Choose your preferred CD term.
Make your deposit.
Start earning interest right away.
Need guidance? Contact us directly at our Kokomo branch or through our Contact Us page.
Membership Eligibility
To take advantage of Kokomo, Indiana CD rates at Encompass Credit Union, you must be an eligible member. Membership is open to: Anyone who lives or works in Howard, Tipton, or Clinton counties, Family members of current members
Joining is simple, and once you’re a member, you gain access to all Encompass products and services. Learn more about who we are on our About Us page.
Grow Your Money with a Certificate of Deposit in Kokomo, Indiana
Encompass Credit Union makes it simple to earn more on your money with Certificate of Deposit options in Kokomo, Indiana. Explore our Savings Accounts, check the latest Rates & Fees, or learn more about membership at About Us.