Term Savings Certificates

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Elevate Your Savings: Lights, Camera, Earn!

Make your money work for you, and start earning more today.

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.

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.* 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.^**

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.^***

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 APY = Annual Percentage Yield. Rate and term valid as of June 1, 2023, for a 6-month Term Savings Certificate only. New 6-month Term Savings Certificate minimum balance required of $5,000 or more to earn 5.00% APY. The maximum total deposit amount for a 6-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 6-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.

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