Veritas Federal Credit Union

Certificate Offerings

Veritas Federal Credit Union believes in making your money work for you. We offer certificate of deposits in a variety of terms and at very competitive rates. Even better, with low minimums deposits, your investment goals are closer than you know!

Click here for our Certificate of Deposit rates

Maximize Your Earnings CD Strategy

Laddering your certificates is an excellent way to ensure you earn the best rates possible. It allows you to control the terms while getting the liquid availability you want. For example, instead of opening one 5-year certificate for $25,000, open five certificates for $5,000 each for the following terms:
  • 12 months
  • 24 months
  • 3 years
  • 4 years
  • 5 years
As each certificate matures, you can either use the funds you need or renew into another 5-year term like in the example below.

Original Term Original Maturity Date Renew into Next Maturity Date
12 Month 7/26/2013 5-Year 7/26/2018
12 Month 7/26/2014 5-Year 7/26/2019
3 Year 7/26/2015 5-Year 7/26/2020
4 Year 7/26/2016 5-Year 7/26/2021
5 Year 7/26/2017 5-Year 7/26/2022

So why ladder? Because you will always have 20% of your certificate savings available each year, and when you renew each maturing certificate into a 5-year certificate, you will be earning a higher rate than if you had simply continued with another 12- or 24-month certificate (laddering is not limited to the 12-month through 5-year example above). The strategy works to your advantage because after a few of your certificates mature and are renewed into another 5-year certificate, you will be earning the highest rate and have a 5-year certificate maturing every year.

The same idea can be applied to shorter and longer-term examples. And it's really up to you how you want to save and use your funds. Laddering can provide you with a more steady and stable source of savings than a single-certificate investment. The best part is, you can always add funds to your certificate at maturity and watch your savings grow! Call our Member Service Representatives at (855)-663-8328 to put your certificate investments to work!

Veritas Federal Credit Union
One Nissan Way
Franklin, TN 37067

Mailing Address:
PO Box 2659
Smyrna, TN 37167

Main Phone: (615) 786-0452
Member Service: (855) 663-8328
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Routing Number: 064182605
VFCU NMLS #409723
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Fee Schedule

    - Share Accounts
    - Checking
    - Certificates
    - IRAs
    - ATM/Debit Cards
Other Services:
    - Stop Pay Requests
    - Wire Transfers
    - Direct Deposit
    - Convenience Services

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NCUA Insured Your Savings Federally insured to at least $250,000 and backed
by the full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Govt. Agency.
We do business in accordance with the Federal Fair
Housing Law and the Equal Credit Opportunity Act.