Certificate Accounts
Security, higher returns, and options that fit your timeline
If you don’t need access to your savings account for a while, leave the money in your account and watch your nest egg grow. Generally, the longer you keep the money in your account, the higher rate you can earn.
- $1,000 minimum to open
- Dividend paid monthly
- Variety of terms (6 to 24 months) and rates
- Automatically renews upon maturity
- Penalty for early withdrawal
- Federally insured up to $250,000 by NCUA
If you want to learn more about how a Certificate works, check out our short video:
(Click Here for video with Spanish captions)
Certificates
| Account | Dividend rate | APY* | Additional Info |
|---|---|---|---|
| 6-month Certificates | $1,000 minimum to open | ||
| 12-month Certificates | $1,000 minimum to open | ||
| 18-month Certificates | $1,000 minimum to open | ||
| 24-month Certificates | $1,000 minimum to open |
CALCULATORS: 9 to help you save now & for the future
Frequently Asked Questions
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*APY (ANNUAL PERCENTAGE RATE). After your account is opened, you may not make additional deposits to a Certificate account. Your Certificate account will mature on the maturity date set forth on your Account Receipt or Renewal Notice. We may impose a penalty if you withdraw any of the principal of your Certificate before the maturity date. (1) Amount of Penalty. The amount of the early withdrawal penalty is 90 days dividends calculated on the balance at the time of withdrawal. (2) How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that has been or would be earned at the nominal dividend rate on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividends have already been paid, the penalty will be deducted from the principal. (3) Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction. Certificate accounts are automatically renewable accounts. Automatically renewable accounts will renew for another term upon maturity. You have a grace period of seven (7) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except obligations with the Credit Union.
Dividends will be compounded and credited monthly. For dividend-bearing accounts, the Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.
Learn more by visiting our Truth-in Savings Disclosure
