A Certificate is a helpful option for savers who want a better dividend rate than regular Savings, and know they won't need to access their savings during the term of the certificate. If you think you will need your money sooner, stick with a regular Savings account, as penalties for early withdrawal apply. Certificates offer:
- Terms from 12-36 months
- Initial minimum deposits as low as $5,000
- Dividends are compounded and credited monthly
See our Rate Sheet for current dividend rates and terms. If you'd like to open your certificate, call or visit the credit union.
Withdrawals made prior to maturity are subject to an early-withdrawal penalty equal to three months of dividends.