New Rate, Big Return
Earn 4.50% APY
on a 10-month Term Certificate
Ready, Set, Save!
Make the most of your money with our special Term Savings Certificate promotion! For a limited time, you can earn a 4.50% APY1 on a 10-month Term Savings Certificate. That’s right! Get the most out of your money while keeping it federally insured by the NCUA up to $250,000. This offer is for new money only and requires a minimum balance of $2,500.
At First Entertainment, we strive to help you achieve your financial goals, and our Term Savings Certificates can do just that. To open your account, call us at 888.800.3328, visit one of our branches, or fill out the form and a representative will be in touch!
What is a Term Savings Certificate?
Similar to Savings and Money Market Accounts (MMAs), Term Certificates are federally insured by NCUA up to $250,000. Where they differ is in the accessibility of the funds.
Savings and MMAs allow you to deposit or withdraw funds at any time. Term Certificates are timed accounts, meaning the funds on deposit are not available for a specified length of time.2 The upside is it yields higher rate that’s fixed for the duration of the term.
One of the key benefits of Term Certificates is laddering. Before you head to the hardware store, let us explain. Laddering is when you divide your initial investment into equal parts and deposit each portion into a separate Term Certificate so that one matures every year. That way, you can take advantage of longer terms (and therefore higher interest rates) while still having access to some of your money each year.3
APY = Annual Percentage Yield. Rate and term valid as of October 2nd, 2023, for a 10-month Savings Certificate only. New 10-month Term Savings Certificate minimum balance required of $2,500 or more to earn 4.50% APY. The maximum total deposit amount for a 10-month Term Savings Certificate is $5,000,000.00 per member. After the account is opened, additional deposits to the Account are not permitted. Dividends accrue daily and are paid monthly and at maturity, but penalties for early withdrawal may apply. At the end of the promotional 10-month Savings Certificate, funds will roll over to a standard non-promotional 6-month Term Savings Certificate at the then current rate. See the Term Savings (Certificate) Account Agreement and Disclosure
for terms and conditions. Rate and offer are subject to change at any time without notice. Must be a member or qualify for membership to open a certificate.
After the account is opened, additional deposits to the Account are not permitted until the Maturity Date.
Dividends accrue daily, and are paid both monthly and at maturity, but penalties for early withdrawal may apply.