Certificates
When you're looking for steady growth combined with absolute security, our Certificates are an attractive option. They are the perfect choice for savers who want a higher, guaranteed rate of return for a fixed term. Certificates yield dividends that can compound or be transferred for your immediate use.
- Terms from three months to five years. Click on Savings Rates to see our current rates.
- Dividends are paid monthly
- Earnings can be deposited into the account you designate
- Automatic renewal at maturity
- May be used as security against a credit union loan (with the exception of IRA Certificates). You will continue to earn dividends!
- Higher yields are available on our Jumbo Certificates; minimum deposit $100,000
Certificate account laddering: a sound saving strategy
Many financial experts suggest staggering or laddering the purchase of short-term certificate accounts. You can build a system of guaranteed steady returns, as well as incorporate a certain amount of liquidity into the investment process.
Basically, laddering refers to buying certificate accounts with varying dates of maturity. For example, let's say you have $10,000 to invest. To establish a one-year ladder, you would put $2,500 each into: a three-month certificate account, a six-month certificate account, a nine-month certificate account and a one-year certificate account. That means you have a certificate account maturing every three months. Upon maturity, you would simply roll over each certificate account into a one-year certificate account to continue the pattern.
This system allows you to achieve a more consistent return on your savings. If rates move up, you'll be able to earn the higher rate on part of your money. And, if rates decline, only a portion of your money will be affected. Remember, you always have the option of choosing a longer term certificate account to lock in higher returns.
