Jump to main content

Share Certificates

Certificate of Deposit Accounts

Certificate of Deposit Accounts (CDs) are term savings accounts that can provide safe, superior returns.  There are a variety of standard terms to maturity of CDs including 6, 12, 18, 24, 30 and 36 months.   

Some important features of Certificate of Deposit Accounts:

  • The minimum balance to open a CD is $1,000.
  • Dividends on Certificate of Deposit Accounts are paid monthly for terms of 6 months or less and quarterly for all other terms.
  • A penalty for early withdrawal of a CD is equal to 30 days dividends for terms less than 12 months and 90 days dividends for all other terms.
  • Dividends can be credited to your Certificate Account, paid to you by check or transferred to another account.
  • Federally insured credit unions offer a safe place for you to save your money, with deposits insured up to at least $250,000 per individual depositor. The National Credit Union Administration (NCUA) is the independent agency that administers the National Credit Union Share Insurance Fund (NCUSIF). Like the FDIC's Deposit Insurance Fund, the NCUSIF is a federal insurance fund backed by the full faith and credit of the United States government.

Savings Calculators