Grow Your Savings Faster
Share certificates are a great way to save for your future – faster. And, we have terms to meet just about anyone’s long- and short-term goals.
Regular Share Certificates
- Competitive dividend rates.
- Minimum balance of $1,000
- Choose to have dividends compound monthly within certificate or automatically transfer monthly to a non-certificate share.
- Terms available from 3 to 60 months.
- Automatic renewal at maturity.
Jumbo Certificates
- Higher competitive dividend rates.
- Minimum Balance of $100,000
- Choose to have dividends compound monthly within certificate or automatically transfer monthly to a non-certificate share.
- Terms available from 3 to 60 months.
- Automatic renewal at maturity.
- Minimum balance for Jumbo Certificates is $100,000
Penalties
Federal regulations require the following penalties be imposed on early withdrawals from Certificate Accounts.
- 3-month Transfer Certificates: You must pay a penalty equal to 45 days simple interest on the amount withdrawn.
- 3-month Compounding Certificates: You must pay a penalty equal to 45 days interest on the amount withdrawn. This penalty also applies to any dividends already credited to the certificate.
- 6- and 12-month Transfer Certificates: You must pay a penalty equal to 90 days simple interest on the amount withdrawn.
- 6- and 12-month Compounding Certificates: You must pay a penalty equal to 90 days interest on the amount withdrawn. This penalty also applies to any dividends already credited to the certificate.
- 18- and 24-month Transfer Certificates: You must pay a penalty equal to 180 days simple interest on the amount withdrawn.
- 18- and 24-month Compounding Certificates: You must pay a penalty equal to 180 days interest on the amount withdrawn. This penalty also applies to any dividends already credited to the certificate.
- 36-, 48-, and 60-month Transfer Certificates: You must pay a penalty equal to 360 days simple interest on the amount withdrawn.
- 36-, 48-, and 60-month Compounding Certificates: You must pay a penalty equal to 360 days interest on the amount withdrawn. This penalty also applies to any dividends already credited to the certificate.