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Term Share Certificates

Earn More on Your Savings

Maybe you have some money that’s sitting idle in another bank checking account, savings account, or even under your mattress. It’s time to take that money and finally put it to work for you earning more. Right now, our Term Share Certificate is a very smart option, with a rate among the highest we have offered in years: 2.76% APY* for a 12-month term. 

If you don’t need immediate access to your funds, a Term Share Certificate offers you greater earnings than a savings account, and if you’re a Member, you can even open it right through memberONLINE. If you’re not yet a Member, call or stop in to make an appointment to get started.

What is a Term Share Certificate?

With its customized account options and higher dividends, the Term Share Certificate allows you to save smarter for longer-term plans and is similar to a Certificate of Deposit (CD), which banks offer under their FDIC Insurance. A Term Share Certificate, federally insured by NCUA, is available to any Member who can meet the minimum deposit balance and terms. Depending on your needs, you can choose terms from three months to four years, with the convenience of automatic renewal options. Term Share Certificates share a set of features in common:

  • Monthly dividends

  • Fixed rates

  • $1,000 minimum deposit to open and earn dividends

  • Additional deposits are not permitted

  • Early withdrawal penalties apply

  • Fees can reduce earnings on the account

  • APY accurate as of January 18, 2019

Couple reviews their finances to see if a Term Share Certificate is right for them.

Choosing What’s Right For You

A Term Share Certificate may be right for you. Make an appointment to discuss your options and the details with a Financial Service Representative. If you're looking for more flexibility, check out our Money Market below.

Live Smarter with a Term Share Certificate. For more information, click below or call 315-735-8571 to make an appointment today.

Make an Appointment

More Flexibility: Money Market Accounts

If you need to access your funds on a regular basis or don't meet the requirements of a Term Share Certificate, you may be a good candidate for our Money Market account. 

Money Market Accounts: Learn More

Options and Restrictions

Once you choose a term (three months to four years) and deposit your funds, your money is committed for that term. If you want to make a withdrawal before the full term, you do pay a penalty, so choose the term that fits your need for eventual access to your funds. Term Share Certificates typically offer higher returns than savings accounts, and longer terms generally earn higher dividends. 

Redeeming Term Share Certificates

At the end of your chosen term, the “maturity date”, you can withdraw your total, the amount you deposited plus the dividends you have earned, without penalty. If you choose, you will also have the option to reinvest the total for a similar (or different) period, and the term will be reset.

Security

Under the National Credit Union Administration, your investment receives federal insurance protection up to $250,000 (similar to FDIC coverage in banks).

Let's get started.

Make an appointment to see what's possible and how you qualify.

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Term Share Certificate Rates

Check today’s rates effective April 25, 2019

Investeroo Share Certificate

Term Dividend Rate APY*
6 Months
$500.00 minimum balance to earn dividends		 1.00% 1.00%
12 Months
$500.00 minimum balance to earn dividends		 2.72% 2.76%
24 Months
$500.00 minimum balance to earn dividends		 2.86% 2.90%

IRA Certificate

Term Dividend Rate APY*
12 Months
$1,000.00 minimum to earn dividends		 2.72% 2.76%
24 Months
$1,000.00 minimum to earn dividends		 2.86% 2.90%
36 Months
$1,000.00 minimum to earn dividends		 2.96% 3.00%
48 Months
$1,000.00 minimum to earn dividends		 3.06% 3.10%

My Terms Share Certificate

Term Dividend Rate APY*
6 Months
$500.00 minimum balance to earn dividends		 1.00% 1.00%
12 Months
$500.00 minimum balance to earn dividends		 2.72% 2.76%
24 Months
$500.00 minimum balance to earn dividends		 2.86% 2.90%

Share Certificate

Term Dividend Rate APY*
3 Months
$1,000.00 minimum to earn dividends		 0.50% 0.50%
6 Months
$1,000.00 minimum to earn dividends		 1.00% 1.00%
12 Months
$1,000.00 minimum to earn dividends		 2.72% 2.76%
24 Months
$1,000.00 minimum to earn dividends		 2.86% 2.90%
36 Months
$1,000.00 minimum to earn dividends		 2.96% 3.00%
48 Months
$1,000.00 minimum to earn dividends		 3.06% 3.10%

Share rates and yields are subject to change without notice. Early withdrawal penalties may apply. Fees may reduce earnings.
Investeroo Share Certificate and My Terms Share Certificate are youth products. Must be 0-12 years old to qualify for Investeroo Share Certificate, and 13-17 years old to qualify for My Terms Share Certificate .
*APY – Annual percentage yield

Federally insured by NCUA. Membership eligibility required. Rates and terms determined by overall credit history and subject to change. By submitting your email, you give First Source permission to send you informative and promotional emails, including information on upcoming events, products, and services. You may change your designation at any time in the future. Thank you for letting us help you Live Smarter.