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Term Savings Certificates

couple enjoys certificate rates

Earn More Effortlessly.

You work hard for your money, so it’s only fair your money work just as hard for you. And if you’re looking for a safe way to earn a higher rate and a guaranteed return on your investment, consider a Term Savings Certificate.

  • Term Savings Certificate Rates

    Effective Date: July 01, 2022

    Term Account Rates ($1,000) MinimumAPY*
    6 Months0.30%
    1 Year0.40%
    2 Years0.50%
    3 Years0.60%
    4 Years0.70%
    5 Years0.80%

    *Annual Percentage Yield: APY is based on the assumption that dividends remain on deposit for the entire dividend period.

    IRA Certificates are also available for the rates and terms shown above. Dividends are paid monthly and at maturity. Early withdrawal penalties may apply. For complete agreement and disclosure, click here.

    Rates and yields listed above apply only to the dates listed above and are subject to change without notice. All accounts are insured up to at least $250,000 by the NCUA, a U.S. Government Agency.

    Fees and penalties may reduce principal.

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.1 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.2

Is there a minimum balance requirement?

Yes. A minimum deposit of $1,000 is required to open.

Does it matter how long the term is?

Yes – and no. Currently, terms range from six (6) months to sixty (60) months, but the duration you select is up to you.3

Short-term CDs are great if you think you’re going to need access to the money in a few months' time, while longer terms tend to have better interest rates which is great if you don’t anticipate needing the funds anytime soon.


1 After the account is opened, additional deposits to the Account are not permitted until the Maturity Date.

2 Dividends accrue daily, are paid both monthly and at maturity, but penalties for early withdrawal may apply.

3 Early withdrawal penalties may apply. See the Term Savings (Certificate) Account Agreement And Disclosure for terms and conditions.