Share Certificates
Privately insured up to $500,000
Members are rewarded with higher dividend rates when they opt to invest in a certificate account. All accounts are privately insured up to $500,000 and offer the below benefits:
Details
- Invest a minimum $1,000 or more
- Select a term of 3 to 60 months
- Competitive rate that remains fixed for the life of the certificate
- Dividends accrue and compound monthly and can be transferred automatically to a regular savings, checking account or mailed home
- Certificate account may be used as collateral for a loan
- Privately insured to $500,000
Rates
| Share Certificates Rates as of 11-1-19 | ||||
|---|---|---|---|---|
| Term | Dividend Rate | APY1 | MoveUP Rewards Dividend Rate | MoveUP Rewards APY2 |
| 3 months | 1.49% | 1.50% | ||
| 6 months | 1.51% | 1.52% | ||
| 8 months | 2.28% | 2.30% | 2.47% | 2.50% |
| 12 months | 1.68% | 1.69% | ||
| 14 months | 1.65% | 1.66% | ||
| 18 months | 1.65% | 1.66% | ||
| 24 months | 1.65% | 1.66% | ||
| 30 months | 2.47% | 2.50% | 2.67% | 2.70% |
| 36 months | 1.60% | 1.61% | ||
| 48 months | 1.65% | 1.66% | ||
| 60 months | 1.65% | 1.66% | ||
| Youth Certificate* - 12 months | 9.56% | 9.99% | ||
1 Annual Percentage Yield. Minimum balance requirement is $1,000. Available rates subject to change without notice. Once a certificate is opened, the rate remains fixed through maturity. Early withdrawal penalties apply to certificates. 8 month certificate will automatically rollover for a term of 12 months at the new rate at maturity, unless the member advises us otherwise.
2 Must be in a qualifying MoveUP Rewards tier at the time the certificate is established to receive additional rate bonus. Rate paid based on MoveUp Rewards tier status at time of dividend posting. Rate is variable during the certificate term, however will not fall below Dividend Rate available at the time certificate is established.
* Only one Youth Certificate per member. Existing Youth certificate will be renewed into a regular certificate rate at the rate in effect at that time for 12 months, not the high yield Youth Certificate. Once the certificate is opened, the rate remains fixed through maturity. Early withdrawal penalties apply.
