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.
Regular Share Certificates
- Earn dividends1 at a fixed rate
- Terms from 3-60 months for Regular Share Certificates
- $500 minimum deposit to open
- Dividends are paid monthly
- Choose to have dividends credited to your certificate, paid by check, or transferred for immediate use
- Automatic renewal at maturity
- May be used as security for an SSSCU certificate secured loan and you will continue to earn dividends
- Insured up to $250,000 per deposit account by American Share Insurance, a private share insurer
Jumbo Certificates
- Earn dividends1 at a fixed rate
- Terms from 6-36 months for Jumbo Certificates
- $100,000 minimum deposit to open
- Dividends are paid monthly
- Choose to have dividends credited to your certificate, paid by check, or transferred for immediate use
- Automatic renewal at maturity
- May be used as security for an SSSCU certificate secured loan and you will continue to earn dividends
- Insured up to $250,000 per deposit account by American Share Insurance, a private share insurer
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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. Use this calculator to determine the additional interest you could earn with a certificate laddering strategy.
Deposit Rates
Regular Certificates| ($500.00 Minimum Deposit to Open) |
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| Term | Rate | APY* |
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| 3-5 months | 0.15% | 0.15% | | 6-11 months | 0.25% | 0.25% | | 12-23 months | 0.30% | 0.30% | | 24-35 months | 0.45% | 0.45% | | 36-47 months | 0.55% | 0.55% | | 48-59 months | 0.85% | 0.85% | | 60 months | 1.00% | 1.00% |
Jumbo Certificates| ($100,000.00 Minimum Deposit to Open) |
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| Term | Rate | APY* |
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| 6-11 months | 0.30% | 0.30% | | 12-23 months | 0.35% | 0.35% | | 24-35 months | 0.45% | 0.45% | | 36 months | 0.55% | 0.55% |
1 Compounded and credited monthly. If you elect to have dividends paid to you by check, or transferred to another account, compounding will not occur.
See complete account disclosures.
*Annual Percentage Yield
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