Term Savings

Term Savings

We think you rate highly, too.

We’ve kept our term account (CD) rates high because you rate highly with us. It’s just another way we’re saying thank you for being a valued member of Quorum. Lock in a great rate—and peace of mind—with a Quorum Term Account. Apply Now
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Not a Member?

Interested in our Term Accounts but not yet a Quorum member? Learn more about Quorum, and apply for membership today!

Check out these high-yield rates:


0.25% APY*

6-month term savings account. Minimum balance to open: $1,000


0.40% APY*

12-month term savings account. Minimum balance to open: $1,000


0.60% APY**

13-month term savings account for NEW MONEY ONLY. Minimum balance to open: $1,000


1.00% APY**

30-month term savings account for NEW MONEY Only. Minimum balance to open: $1,000


0.55% APY*

48-month (4-year) term savings account. Minimum balance to open: $1,000


0.65% APY*

60-month (5-year) term savings account. Minimum balance to open: $1,000


0.01% APY*

3-month term savings account. Minimum balance to open: $1,000


0.40% APY*

18-Month term savings account. Minimum balance to open: $1,000

What are Term Accounts?

Term savings accounts are deposit accounts with fixed rates and terms, ranging from one month to a few years. Term savings accounts are limited to one deposit transaction for the entire duration of the term. These accounts are an extremely safe investment and are therefore very appealing to more conservative savers. Since the funds are locked in for the term, you’ll generally get a higher rate than you would with a liquid savings account. Your funds are free to withdraw at maturity; if you need them sooner, you can usually withdraw part or all of the money, but you will pay a penalty.

Similar to FDIC-insured Certificates of Deposit (CDs) generally issued by commercial banks, your funds are federally insured by the National Credit Union Administration (NCUA), so you can be sure that your money is safe and secure with Quorum.

A few things you should know:

*Annual percentage yield (APY) in effect as of 08/12/2021. The minimum deposit and balance required to earn dividends is $1,000. A penalty will be imposed if funds withdrawn prior to maturity date. Your funds will automatically roll-over into the same term at the current rate at maturity. Term Account deposits of $100,000 or more earn an additional 0.10% APY.

**The 13-Month and 30-Month Term Account Rates are for NEW MONEY only or funds that have been on deposit with Quorum for two weeks or less.

Need personal assistance?

Call us at (800) 874-5544, Monday through Friday, 8:30 a.m. – 7:00 p.m. ET.