MINIMUM INITIAL DEPOSIT: $1,000
|ACCOUNT TYPE||ANNUAL PERCENTAGE YIELD||COMPOUNDING PERIOD|
|12 Month Tax Deferred Certificates||0.55%||At maturity|
*A penalty will be assessed for early withdrawal. If you make a withdrawal from your certificate before the maturity date, a penalty will be charged on the amount of the withdrawal based on the original term of the certificate. These penalties are outlined below:
3 to 5 months: 30 days of dividends
6 to 11 months: 60 days of dividends
12 to 23 months: 90 days of dividends
24 to 47 months: 150 days of dividends
48 + months: 180 days of dividends
All rates are subject to change without notice. For the most up-to-date rates, please call Member Services at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
Information accurate as of January 5, 2021.
“The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb (edited)
Frequently Asked Questions
Is there a penalty for an early withdrawal?
Yes, if you make a withdrawal from your certificate before the maturity date (end date), a penalty will be charged – the penalty is based on the term.
Is there a withdrawal period when the term is over?
There is a 10-business day grace period from the date of maturity.
What happens if I don’t withdraw the money during the withdrawal period?
Certificates automatically roll into a new certificate of the same term at the current Annual Percentage Yield (APY) unless otherwise disclosed or the member makes changes to the Share Certificate.
What is a dividend?
A dividend is money earned based on the money deposited and the current APY.
Can my dividends be deposited into another account?
Yes, you are able to deposit dividends to an account within the same membership.
Can I change the term of my Share Certificate after opening?
Yes, there is a 10-business day grace period from the open date or date of maturity in which the term can be changed.
Can I add money after it is opened?
Yes, there is a 10-business day grace period from the open date or date of maturity in which additional money can be added.