Table Of Content
CommunityWide Federal Credit Union has a variety of banking products including savings, checking and certificates. The credit union also has lending products including home and personal loans. This makes CommunityWide a viable option for your banking needs.
So, here we’ll explore CommunityWide Federal Credit Union certificates in more detail to help you determine if it’s the right choice for you.
CommunityWide Federal Credit Union Certificates
APY Range
Minimum Deposit
Our Rating
Terms
CommunityWide Certificates Rates
CommunityWide Federal Credit Union offers a variety of certificate products with terms of 6 months – 5 years. Regardless of the term, there is a $1,000 minimum balance requirement and all clients can benefit from NCUA insurance for up to $250,000.
CommunityWide Federal Credit Union sets its APYs according to the certificate term, with the higher rates available for 12-month terms. However, if you are looking for longer terms such as 2-Year CD and even 5-Year CD, the rates are competitive.
Even the lowest 60 month term certificate has an impressive rate of 3.40% APY , as of December 2025. This allows you to lock in your rate for the entire certificate term.
Term | APY |
|---|---|
6 Months | 4.35%
|
12 Months | 4.25%
|
18 Months | 4.10%
|
24 Months | 4.00% |
36 Months | 3.80% |
48 Months | 3.60% |
60 Months | 3.40% |
How CommunityWide Early Withdrawal Work
If you do need access to some or all of your funds before the maturity of your certificate, it will attract an early withdrawal penalty.
However, unlike many financial institutions, the withdrawal penalty is not calculated according to the original certificate term. Instead the penalty is calculated according to the amount of withdrawal times the remaining number of days in the term at a rate of two times the current APR divided by 365.
This is a little more complicated compared to other bank’s withdrawal penalties, but it does mean that you are not penalized if you need a small amount close to the maturity date.
The interest or dividends earned on your certificate are paid at the end of the month and you can have the funds added to your regular share account or make other arrangements with CommunityWide.
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Is CommunityWide's Certificate Rates Competitive?
Since many traditional banks often offer far less than the national average rate, it makes CommunityWide Federal Credit Union certificates highly competitive compared to their traditional bank counterparts.
The CommunityWide Federal Credit Union certificate rates also stand up favorably to comparison with other credit unions and online banks. With rates of 3.40% – 4.35% APY, depending on the term, CommunityWide claims to have the best rates around and it is quite hard to dispute this claim.
Again, there are some exceptions, but if your sole aim is to get the highest APY certificate, you will need to do some serious research to find higher paying alternatives.
Credit Union | CD Range | Minimum Deposit |
|---|---|---|
2.00% – 4.35% | $1,000 | |
3.1% – 4.1%
| $1,000 | |
3.51% – 4.85% | $5,000 | |
0.50% – 4.10%
| $250 | |
3.40% – 4.35%
| $1,000 | |
1.00% – 3.50%
| $50 | |
3.70% – 3.95%
| $10,000 | |
3.00% – 4.00%
| $500 | |
3.26% – 4.00%
| $1,000 | |
1.50% – 4.15%
| $1,000 |
CommunityWide's Certificates vs. Savings Rates
CommunityWide Federal Credit Union has two types of savings accounts. The basic savings account does not compare well to the CommunityWide Federal Credit Union certificate rates. The current savings rate is 1.00% APY, which is far lower compared to even the lowest term certificate.
If you want access to some of these features without compromising on the APY, the Hi Rate CommunityWide account may be a good option for you. In addition to being able to deposit at any time, you can make withdrawals with no penalty between the 1st and 5th of each month.
Although this doesn’t offer the complete flexibility of the basic savings account, you can receive 4.00% APY, providing you have at least $1 in your account.
However, there are some benefits of the savings account that are not offered with the certificates. This includes being able to add further funds to the account at any time including via Direct Payroll. You can also make withdrawals with no penalties including using a network of over 30,000 ATMs across the country with no ATM surcharge.
So, if you’re looking for consistently high rates and are concerned about tying up your funds, you may prefer the Hi Rate savings account, which will allow you to make fee free withdrawals between the 1st and 5th of each month rather than waiting for a maturity date.
Certificates | Savings | |
|---|---|---|
APY | 3.40% – 4.35%
| 4.00% |
Minimum Deposit | $1,000 | $1 |
Fees | $0 | $0 |
About CommunityWide Federal Credit Union
CommunityWide Federal Credit Union has been around since 1967 and it is based in Indiana. However, as with all credit unions, you do need to be a member to open any CommunityWide Federal Credit Union account. The membership is restricted to members of more than 40 community and employer groups. This includes Michiana Goodwill Boosters, Habitat for Humanity and Marine Corps League of St Joseph Valley.
Membership is also available to the spouse and immediate family members of those with the appropriate qualification relationships.
FAQs
Does CommunityWide Federal Credit Union Offer No Penalty certificates?
Unfortunately, CommunityWide Federal Credit Union does not have any no penalty certificates. All certificates attract an early withdrawal penalty if you need access to your funds before maturity.
Does CommunityWide offer promotions on certificates?
CommunityWide Federal Credit Union does not typically have certificate promotions, favoring consistently higher APYs rather than promotional rates.
Does CommunityWide Federal Credit Union certificates come with a grace period?
No, CommunityWide Federal Credit Union certificates do not auto renew. At the end of the certificate term, you can access your funds or open a new certificate.
How CommunityWide certificates interest are calculated?
Interest on ertificates is compounded each month and you can opt to have the interest added to your ertificate, or deposited into another account including a share account or external bank account.
How does the CommunityWide early withdrawal penalty work?
The early withdrawal penalty is a little more complicated compared to other financial institutions. Instead of being calculated according to the original certificate term, it is based on the remaining number of days before maturity.
How We Rate Certificates of Deposits: Our Methodology
The Smart Investor team has thoroughly examined certificate of deposit (CD) offerings from various banks, considering multiple factors to provide a comprehensive evaluation. Here's how we rated them across four key categories:
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CD Rates (50%): We meticulously analyzed the interest rates offered by each bank on their certificate of deposit (CD) products. Higher ratings were awarded to banks offering competitive rates that provide maximum returns for customers' investments. Factors such as the yield curve, current market conditions, and consistency of rates were considered to assess the attractiveness of each bank's CD rates.
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CD Features (30%): This category evaluated the features associated with each bank's certificate of deposit offerings. Factors considered include the variety of terms available, early withdrawal penalties, minimum deposit requirements, and any additional features or benefits. Higher ratings were given to banks offering a diverse range of CD terms, reasonable early withdrawal fees, and flexible options to meet customers' investment needs.
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Customer Experience (10%): A positive customer experience is paramount, even when investing in CDs. We assessed each bank's performance in this area, considering factors such as the ease of opening a CD account, the responsiveness of customer service, and overall user satisfaction. Higher ratings were assigned to banks with efficient account opening processes, helpful customer support, and a track record of satisfying customers.
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Bank Reputation (10%): The reputation of a bank is a critical consideration when investing in CDs. We evaluated each bank's reputation based on factors such as financial stability, regulatory compliance, and public perception. Higher ratings were given to banks with a solid reputation for reliability and trustworthiness, ensuring customers' investments are safe and secure.
By considering these categories and assigning appropriate weights to each, our review aims to provide valuable insights to help individuals make informed decisions when investing in certificate of deposits.
