Certificate Account Rates

Share certificates which are the credit union version of cds are also low risk.

Certificate account rates. Your dividend rate and annual percentage yield are determined by your original certificate purchase amount and applied to the full balance in the certificate account. Dividends will be compounded daily and credited monthly. A certificate of deposit or cd is a type of federally insured savings account that has a fixed interest rate and fixed date of withdrawal known as the maturity date. The dividend rate and apy on rising rate certificate accounts may change once during the original term of the certificate at the members option in which event the rate of the certificate will change to the current rate being offered on certificates of the same term at the time that the rising rate option is exercised.

For all certificate accounts the annual percentage yield is based on an assumption that interest will remain on deposit until maturity. Cds generally pay a fixed rate of interest and can offer a higher interest rate than other types of deposit accounts depending on the market. The minimum balance required to open and maintain each account is 500. For fixed rate certificate accounts the dividend rate and annual percentage yield are fixed and will be in effect for the initial term and reset for any renewal term of the account.

Flexible certificates and dedicated savings allow additional deposits of up to 10000 each calendar month. No minimum balance is required for dedicated savings. Available as an ira. The true strength of our flex rate certificate account lies in its ability to keep pace with todays changing market with no risk to principal.

Certificate account disclosure rate information. Flex rate tied to the 3 month treasury bill 1 plus an additional 25. Each member is limited to 100000 in any one or combination of flexible certificate accounts and 100000 in any one or combination of dedicated savings. A certificate account is an excellent insured investment opportunity for anyone looking to grow their savings and are a great choice if you do not need immediate access to your funds are willing to invest for longer periods to obtain higher rates of return and are looking for a risk free way to invest.

The dividend rates and annual percentage yields are based upon. A cd is a certificate of deposit which is a type of savings account found at banks and credit unions that pays a set interest rate on money deposited. The required minimum balance is 100 to open a vystar pace and kids account certificate and is 500 to open every other certificate account. In exchange you agree to keep the full.