Our lobby will be closed on Thursday, September 17th and Friday, September 18th for building repairs. Contractors will need access to the lobby on those days to make essential building repairs. Our drive thru service will remain open, and you may utilize the drive thru service during those hours. Members may also utilize Shared Branches during this time. If you have questions about how Shared Branches work, give us a call or text at 248-624-5222.  

Click Here to Find a Shared Branch

PHISHING SCAM ALERT

We have been notified by members that someone has spoofed our automated TellerPhone line, and these scammers are calling around trying to obtain sensitive account information. These scammers are trying to convince people there has been fraud on their account, and they are trying to get people to turn over account information to fix the issue.  DO NOT GIVE OUT ANY ACCOUNT INFORMATION if you receive one of these calls.

Our automated TellerPhone line does not contact members. If you receive a call from 866-728-9676 please be advised that it is a scam.  We are doing everything we can about this issue, and are informing members so if you receive one of these calls you do not give out account information to these scammers.

Go to main content
Locations & Hours Contact Us
Walled Lake Schools Federal Credit Union

Savings Accounts

Checking Accounts

IRA's

Deposit Rates

Become a Member

Open an Account

piggy bank

Who Can Join?

Become a Member

 

Home Loans & Mortgages

Vehicle Loans

Visa Credit Cards

Personal Loans

Boats, RV's, Motorcycles

Secured Loans

Loan Calculators

Loan Rates

Apply for a Loan

Cash

Who Can Join?

Loan Application

Online Banking

Debit Card Security

Credit Card Login

Order Checks

Mobile Deposit

Zelle®

SavvyMoney Credit Check

eNotices

Branch Services

Wire Transfer Services

TellerPhone

Group of individuals

Who Can Join

Become a Member

Fraud Awareness

Greenpath Financial Wellness

Education Center

Financial Resource Center

Newsletters

piggy bank

Who Can Join

Become a Member

 

Contact Us

ATM/Shared Branches

In the Community

All Rates

Become a Member

Holiday Schedule

FAQs

Fee Schedule

piggy bank

Who Can Join

Become a Member

FAQs


[Knowledgebase Home]

What is a Certificate of Deposit?

A Certificate of Deposit (CD) is a savings account that earns more interest than a standard savings account. A CD has a fixed interest rate and matures based on the term you select. 

This answer has been viewed 1795 times.



Related Questions
  • What interest rate do you pay on a Certificate of Deposit?
  • Will I earn interest on my money if I put it into a Roth IRA?
Go to main navigation

Related Links

  • Become a Member
  • Open an Account
  • Rates
  • FAQs
  • Contact Us

See Your Credit Score and More!

Staying on top of your credit has never been easier. Access your credit score, full credit report, credit monitoring, financial tips, and education all from your Online Banking account. Plus, it's free!

Learn More

Savvy Money
facebook
Routing #: 272485657Privacy Policy Disclosures Site Map

Contact Us

3095 S. Commerce Rd.
Walled Lake, Michigan 48390

Office Phone: (248) 624-5222
Teller Phone: (866) 728-9676
Fax: (248) 624-0614

Lost or Stolen Debit/ATM Card After Hours
800-472-3272

Lost or Stolen Credit Card After Hours
800-325-3678

Hours 

Monday - Thursday 10:00 am - 5:00 pm
Friday 10:00 am - 6:00 pm
Saturday (Drive thru only) 9:00 am - 12:00 pm
 
Drive thru service begins
at 9:00 am Monday – Saturday
NCUA logoEHL LogoAllpoint logo

NCUA - 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. Government agency. Equal Housing Lender We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act.

Locations & Hours Contact Us
Home
Savings AccountsChecking AccountsIRA'sDeposit RatesBecome a MemberOpen an Account
Home Loans & MortgagesVehicle Loans Visa CardsVisa Cards (Copy)Personal Loans Boats, RV's, Motorcycles, ATV'sLoan CalculatorLoan Rates Apply for a Loan
Online BankingTellerPhoneBranch Services
Fraud AwarenessGreenPath Financial WellnessEducation CenterFinancial Resource CenterNewsletters
Contact UsATMs and Shared BranchesIn the CommunityAll Rates Become a MemberHoliday ScheduleFAQsFee Schedule