Enjoy High Yields (and Low Risk) with a Term Savings Account

Get the best of both worlds with a Quorum Term Savings Account (similar to CDs). Earn a high APY without worrying how market changes may affect your rate (because they won’t).

Choose the Terms and Rates That Are Good For You

Similar to bank CDs (Certificate of Deposits), term savings accounts let you earn higher interest rates over a set period of time.

PRO SAVER TIP: To earn an even higher rate (Jumbo Rate), deposit $100,000 or more and you'll earn an additional 0.10% APY.


5.00% APY*

Minimum Balance: $1,000.00. Earn the Jumbo Rate: 5.10% APY for balances $100,000 and up.


4.85% APY*

Minimum Balance: $1,000.00. Earn the Jumbo Rate: 4.95% APY for balances $100,000 and up.

High-Yield and Stable

Pay Yourself First

Our Term Savings Accounts can help you reach your financial goals and maximize your earnings with high-yield, fixed rates. The best part is, once you open one of our term accounts, all you have to do is sit back, relax, and watch your money grow.

Your money will earn a steady APY and you won't have to worry about your rate changing during the course of your term, no matter what happens in the market. You can open as many accounts as you want, so you don't have to choose between short- or long-term options. You can do both!


Quick and Easy Online Application

It Takes Less Than 5 Minutes to Open an Account

Ready to open an account? Our easy and secure online application will guide you through the process every step of the way. 

Quorum term savings application

Highly Rated by Bankrate

Bankrate Thinks We're the Best.

Quorum was named The Best Credit Union by Bankrate in their 2023 Awards, citing our above-average yields on savings accounts and term accounts, access to more than 90,000 fee-free ATMs, and easy membership application process.

Need More Reasons to Bank with Quorum?

Over 75,000 Members Continue to Put Their Faith in Quorum

When you open a Term Savings account, you're also signing up to become a Quorum member. This membership is your key to more market-leading banking products you can only get from an online credit union. Don't worry, there's no additional fee or step for this—it’s part of our easy, online account application.

Why join Quorum? We are a member-owned, not-for-profit, online credit union. This means that Instead of paying stockholders, we take our profits and give them right back to members in the form of higher rates on savings products and lower interest rates on loans. And, since we are an online only credit union, our low overhead costs allow us to keep giving members access to incredible savings opportunities, seamless banking experiences, and top-notch customer service.

We call it "Banking That's Good. For You."

Financial Choice

We are dedicated to creating banking products that help our members with their everyday needs and life goals. When we offer up choices, we make them simple by boiling them down to what's good for you—and your wallet.

Financial Empowerment

We want our members to be confident in the financial decisions they make. This is why we invest in tools and resources—like our Learning Hub and budgeting calculators—that can help them make good choices.

Financial Security

We’re backed by the full faith of the U.S. Government. Your deposits are federally insured by the National Credit Union Association (NCUA) up to $250,000.

Financial Experience

Our members power our business. We continue to invest in digital banking solutions that make banking with us simple and easy—because happy members are good for business.

Smiling woman with glasses, smiling at laptop screen and managing her financial accounts.

Easy 5-Minute Online Application

Ready to Open a Quorum Term Savings Account?


The Annual Percentage Yield (APY) is in effect as of 05/04/2023.

The minimum deposit and balance required to earn dividends is $1,000. Term Account deposits of $100,000 or more earn an additional 0.10% APY. A penalty will be imposed if funds withdrawn prior to maturity date. The 11-Month Term Account will roll-over into the 12-Month Term Account at the current rate at maturity. The 11-Month Term Savings Accounts advertised here is for NEW MONEY only or funds that have been on deposit with Quorum for two weeks or less. The 36-Month Term Account will roll-over into the same term at the current rate at maturity.

Membership is required to open a Term Savings Account or any other account with Quorum. Membership with Quorum is part of the online application process.