Term savings on your terms.
Lock in some of the highest dividend rates in the country with one of our term savings accounts. Your funds are safe, secure, and federally insured to at least $250,000. Open an account with as little as $1,000 and when your term is up, take a week to withdraw or re-invest and roll it over.
Save more, feel happier, with even higher dividend rates!
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.