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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. 

If you don’t need immediate access to your funds, a Term Share Certificate offers you greater earnings than a savings account. Please call us to get started.

See term share disclosures at the bottom of the page.


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

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


Choosing What’s Right For You

If you’re ready to earn more on the funds you’re not using, a Term Share Certificate may be right for you.

 

If you’re not ready to apply for a Term Share Certificate, and have questions, we are here to help. Call 315-735-8571 to talk about your options or make an appointment with one of our friendly and knowledgeable representatives today.


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).


Interested In Learning More?

To see what other services are available with a First Source Savings Account, visit our Savings Account Options overview page.

Let’s Get Started

We look forward to helping you.

Apply Now

Term Share Certificate Rates

Check today’s rates effective March 19, 2024

Investeroo Share Certificate

Term Dividend Rate APY*
6 Months
$500.00 minimum balance to earn dividends
4.41% 4.50%
12 Months
$500.00 minimum balance to earn dividends
4.41% 4.50%
24 Months
$500.00 minimum balance to earn dividends
3.93% 4.00%

IRA Certificate

Term Dividend Rate APY*
12 Months
$1,000.00 minimum to earn dividends
4.41% 4.50%
24 Months
$1,000.00 minimum to earn dividends
3.93% 4.00%
36 Months
$1,000.00 minimum to earn dividends
3.93% 4.00%
48 Months
$1,000.00 minimum to earn dividends
3.93% 4.00%

My Terms Share Certificate

Term Dividend Rate APY*
6 Months
$500.00 minimum balance to earn dividends
4.41% 4.50%
12 Months
$500.00 minimum balance to earn dividends
4.41% 4.50%
24 Months
$500.00 minimum balance to earn dividends
3.93% 4.00%

Share Certificate

Term Dividend Rate APY*
3 Months
$1,000.00 minimum to earn dividends
0.70% 0.70%
6 Months
$1,000.00 minimum to earn dividends
4.41% 4.50%
12 Months
$1,000.00 minimum to earn dividends
4.41% 4.50%
24 Months
$1,000.00 minimum to earn dividends
3.93% 4.00%
36 Months
$1,000.00 minimum to earn dividends
3.93% 4.00%
48 Months
$1,000.00 minimum to earn dividends
3.93% 4.00%

Share rates and yields are subject to change without notice. Early withdrawal penalties may apply. Fees may reduce earnings.
*APY – Annual percentage yield

Federally insured by NCUA. Membership eligibility required.