Utah Community Credit Union Adds Rate-Leading 12-Month Add-On CD Special

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Deal Summary: 12-month Add-On CD Special, 5.25% APY, $100 minimum deposit, unlimited additional deposits.

Availability: Residents of 11 Utah counties.

For a limited time, Utah Community Credit Union (UCCU) is offering a 12-month Add-On CD Special. In addition to a rate-leading 5.25% APY, the 12-month Add-On CD Special features unlimited additional deposits (no minimum or maximum amount) throughout the term. The minimum opening deposit is $100. The maximum allowed balance is $5 million.

APYMINMAXINSTITUTIONPRODUCTDETAILS
4.00%$100-Utah Community Credit Union12 Month Add On CD Special
4.00%$100-Utah Community Credit Union12 Month Add-On IRA Special (Traditional, Roth)
Rates as of July 2, 2025.

The 12-month Add-On CD Special is also available as an IRA Add-On CD Special (Traditional and Roth), earning the same APY with the same funding requirements and unlimited additional deposits.

As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:

Terms of 12 Months or less, 90 days’ dividends.

The TIS also states,

The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal.

For those concerned about the possibility of falling rates, an add-on CD can provide safe harbor for funds. Here’s the best case/worst case scenario: open a 12-month Add-On CD Special with the minimum $100 deposit. If a recession does occur in the next 12 months and rates fall, you can continue to make additional deposits and be guaranteed a 5.25% APY into 2024. Should rates continue to rise, the $100 investment won’t lose much ground, as the difference between a $100 deposit in a 1-year CD earning 5.25% and one earning 7.25% is de minimis.

Availability

Headquartered in Provo, Utah Community Credit Union’s field of membership (FOM) is community-based, with individuals who live, work, worship, or attend school in the Utah counties of Box Elder, Davis, Juab, Morgan, Salt Lake, Sanpete, Summit, Tooele, Utah, Wasatch, or Weber eligible for membership. (The population of these eleven counties comprise approximately 83% of Utah’s residents.)

Immediate family members (spouse, child, sibling, parent, grandparent, grandchild – adoptive or step) of a membership-eligible individual are also eligible to join.

Account Opening

Joining UCCU and/or opening an Add-On CD Special can be done online, or in person at any of 21 Utah branches located in American Fork, Draper, Heber City, Herriman, Highland, Lehi, Nephi, Orem (3), Payson, Pleasant Grove, Provo (3), Salem, Santaquin, Saratoga Springs, Spanish Fort, Springville, and Vineyard.

Existing UCCU members can open an Add-On CD Special at any of the above-mentioned branch locations or by calling 801.223.811.

Every member of UCCU is required to maintain a Share Savings Account with a minimum deposit and balance of $5, and several savings accounts can be opened with each account number.

There is also a $5 non-refundable membership fee required to establish a UCCU membership.

Funding and Other Details

The following information was obtained from the UCCU website and a conversation with CSR.

  • Initial Funding – ACH, wire ($10 fee), internal transfer, or check (if opening in-branch).
  • Additional Deposits – Can be made using UCCU’s Online Banking platform or through an in-branch transaction.
  • CO-OP Shared Branch Participant – No, but does belong to the CO-OP ATM Network.
  • Ownership – Individual, joint, or trust.
  • Maturing Funds – Wire ($15 fee), cashier’s check to address on file or internal transfer to a UCCU liquid account.
  • Dividends – Compounded/credited monthly and can be distributed by check to the address on file.
  • Beneficiaries – Unlimited, percentages can be assigned, Social Security number required for all beneficiaries.
  • Grace Period – 10 calendar days before automatic renewal as a 12-month CD.
  • Credit Check – Soft pull.

Credit Union Overview

Utah Community Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.33% (excellent) based on December 31, 2022 data. In the past year, UCCU has increased its total non-brokered deposits by $113.88 million, an excellent annual growth rate of 5.2%. Please refer to our financial overview of Utah Community Credit Union (NCUA Charter # 10709) for more details.

Utah Community Credit Union was established in 1955 as the BYU Employees’ Federal Credit Union, with seven members, $35 in assets, and a “branch” located on a staircase landing in a BYU building.

And because they couldn’t afford to purchase a vault, cash was kept in a locked room
and placed in a cast iron bathtub, covered with a sheet of asbestos to protect it from fire.

With the expansion of the FOM and new off-campus branches being opened, the name was changed twice to better reflect the membership, with the Utah Community Credit Union rebrand occurring in 2000. UCCU is currently Utah’s fourth largest credit union, with more than 233,000 members and assets in excess of $2.7 billion.

How the 12-Month Add-On CD Special Compares

When compared to similar length-of-term CDs tracked by DepositAccounts.com that are available within the FOM and have minimum deposit requirements of $10k or less, no banks or credit unions have higher rates than currently offered on the Utah Community Credit Union 12-Month Add-On CD Special. The following table compares the 12-Month Add-On CD Special to the two highest-rate CDs from other credit unions and the two highest-rate CDs from banks.

When compared to the nationally available Add-On CDs tracked by DepositAccounts.com, the Utah Community Credit Union 12-Month Add-On CD APY currently ranks first, regardless of term length or required minimum deposit.

The above information and rates are accurate as of 5/9/2023.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Salt Lake City checking accounts, reward checking accounts, 1-year CD rates



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Deal Summary: 15-Month Jump Up CD Special, 4.00% APY, $500 minimum deposit, one-time rate increase

Availability: Residents of 11 Utah counties

Utah Community Credit Union (UCCU) recently added a 15-Month Jump Up CD Special earning 4.00% APY. This limited-time offer can be opened with a $500 minimum deposit, with no stated balance cap. The “Jump Up” feature allows the account owner to “increase the rate one time to the rate currently in effect for accounts of this type with the same term.”

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Utah Community Credit Union Offers 22-Month Add-On CD, 3.05% APY
Deal Summary: 22-month Add On CD, 3.05% APY, $500 minimum deposit, unlimited additional deposits.

Availability: Residents of eight Utah counties.

Utah Community Credit Union (Utah CCU) recently added a 22-month Add-On CD (3.05% APY), which features unlimited additional deposits throughout the term. The minimum opening deposit is $500, with no stated balance cap.

The 22-month Add-On CD is also available as an IRA (Traditional and Roth), earning the same APY with the same funding requirements and unlimited additional deposits.

As stated in the Truth-in-Savings document, the...

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Utah Community Credit Union Adds 9-Month CD, 3.00% APY
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Availability: Residents of eight Utah counties

Utah Community Credit Union (Utah CCU) started the week by introducing a 9-month CD, which earns 3.00% APY. The minimum opening deposit is $500, with no stated balance cap.

The 9-month CD is also available as an IRA (Traditional and Roth), earning the same APY with the same minimum deposit requirements.

As stated in the Truth-in-Savings document, the Early Withdrawal Penalty (EWP) reads as follows:

For accounts with a term of...

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Utah Community CU Adds 120 Basis Points To 60-Month CD

Deal Summary: 60-month Regular CD, 2.50% APY, $500 minimum deposit

Availability: Residents of Juan, Sanpete, Salt Lake, and Wasatch Counties, Utah

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In its nearly six year history, the 60-month Regular CD has had six rates changes, with its APY stagnating at 1.30% for more than four years.

The 60-month Regular CD is also...

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5.30% 60-Month / 5.25% 48-Month CD at a Utah Credit Union (Utah Community).
Update 2/2/08: CD rates have fallen again. Please check the credit union's website for the latest rates.

Update 1/19/08: The rates have fallen. Title modified with new rates: 5.30% APY 60-month, 5.25% APY 48-month and 5.20% APY 36-month. Please see credit union's website for latest rates.

Utah Community Credit Union has some high yields on its certificates. The high yields range from 5.15% APY for a 6-month term to 5.65% APY for a 60-month term. The other APYs include 5.30%, 5.40%, 5.50% and 5.55% for a 12, 24, 36 and 48 month...



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