Share Certificates
If you are looking for a higher dividend and can deposit your funds for a fixed length of time, a Share Certificate may be the right savings method for you.
- Competitive rates
- Terms are available from 3 to 60 months
- Automatic renewal at maturity
- Low $1,000 minimum balance requirement for Regular Share Certificates
- Dividends are automatically transferred monthly to your Savings or Checking Account for 18- through 60-month terms
- For 3-, 6-, and 12-month terms, you can choose to have dividends automatically transferred monthly or paid at maturity
Special Features
- Jumbo Certificates:
Our Jumbo Certificates earn a higher dividend rate than our Regular Share Certificates with a minimum balance of $100,000 - Step-up:
The 12-month Regular Share and Jumbo Certificates are our "Step-up Certificates." These certificates allow you to 'step-up' (increase) the rate one time during the 12-month term if the rates increase after the certificate is opened.
Additional Deposits:
The 18- through 60-month Regular Share and Jumbo Certificates offer the option of allowing additional deposits within the first 90 days of the new or renewed term. Each additional deposit must be at least $200. The total of the additional deposits may not exceed the amount on deposit on the first day of the term.
Penalties:
Federal regulations require the following penalties be imposed on early withdrawals from Certificate Accounts.
- 3-month Certificates:
You must pay a penalty equal to 45 days simple interest on the amount withdrawn. - 6- and 12-month Certificates:
You must pay a penalty equal to 90 days simple interest on the amount withdrawn. - 18-, 24-, 36-, 48-, and 60-month Certificates:
You must pay a penalty equal to 180 days simple interest on the amount withdrawn.
