SimpliCD (pronounced “simplicity”) is a certificate of deposit program that enables you to easily invest substantial funds in federally insured CDs. This turnkey program combines the security of CD investing with the advantages of competitive rates and consolidated reporting. Investing in federally insured CDs has never been so simple.

How does it work?

• Each day, SimpliCD searches its nationwide network of issuers for the best rates on federally insured jumbo CDs. You’ll be shown rates for CDs in terms ranging from six months to five years, and in amounts ranging from $99,000 to $248,000.

• Placements are made by purchasing multiple CDs in $99,000, $100,000, $148,000 or $248,000 increments at separately insured issuers. A detailed tracking system assures that no more than the FDIC insured limit ($248,000) of your principal is placed in any single financial institution within the SimpliCD program.
• SimpliCD purchases the CDs in a custodial capacity on your behalf, passing all federal insurance benefits through to you. You remain the legal owner of the CD.
• Click here to read an important message from Primary Financial Company LLC regarding SimpliCD Insurance.
• Click here to visit the FDIC website for an announcement describing the permanent extension of the FDIC insurance coverage limit.

• SimpliCD tracks, monitors and collects all of your earnings. You’ll receive a single consolidated monthly interest payment for all of your SimpliCD investment.

• Finally, in addition to your daily transaction statements, SimpliCD provides you with one monthly statement that details your entire SimpliCD portfolio. This is now available to Western Bridge member credit unions on the Member Center.

Eliminate the hassle and time involved in investigating potential issuers and purchasing the CDs yourself. When you start investing through SimpliCD, your life gets a little less complicated.

• No more phone calls to multiple issuers to find competitive rates
• No more multiple wire transfers to invest in multiple CDs
• Flexible terms and amounts that fit into your investment strategy
• Free third-party financial reviews on SimpliCD issuers that help you make more informed investment decisions
• Single transaction settlement with no transaction fees
• Consolidated monthly reports for easier accounting and auditing
• The security of investing with federally insured institution

Getting started is easy. Simply download the sign-up forms, submit the resolution for approval and signature at your next board of directors meeting, sign the agreement and settlement forms, and return all of the forms to: Western Bridge Corporate FCU, Attn: Membership Services, 924 Overland Court, San Dimas, CA 91773. If you have questions, please call your Western Bridge Relationship Manager.