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Citadel FCU makes room for tax refunds

THORNDALE, Pa.- For members trying to figure out what to do with their tax refund checks, Citadel Federal Credit Union offers a solution-a high yield certificate of deposit. CFCU has created a 6% annual percent yield CD with a maximum deposit of $600 for 600 days. Consumers must bring in...

By Staff Writer | Updated on August 07, 2001

THORNDALE, Pa.- For members trying to figure out what to do with their tax refund checks, Citadel Federal Credit Union offers a solution-a high yield certificate of deposit. CFCU has created a 6% annual percent yield CD with a maximum deposit of $600 for 600 days. Consumers must bring in the refund check to open the account and can invest cash to reach the $600 maximum. “We wanted to give our members an attractive investment option for this unexpected windfall,” said DFCU Vice President of Marketing/Training Michael Schnably. “In today’s volatile market, this new CD can provide a stable, protected investment that will guarantee a healthy return.”

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