This insured investment helps grow your savings by earning higher rates for longer investment cycles.
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You can increase your earnings by reinvesting dividends back into the certificate and compounding monthly.
You can also supplement your income by withdrawing the dividends each month—for certificates that mature in one year or longer.
Because certificate accounts are insured up to $250,000, they’re a low-risk way to invest your money—and a good option for balancing your investment portfolio.
Certificates are designed to hold your money for a set length of time in exchange for a set rate of return, but there are ways to access the money earlier if you need it:
For certificates with terms of 12 months or more, dividends accrue monthly. You can receive your dividends at the end of each calendar month, or have them automatically reinvested back into your certificate to earn more.
For certificates with terms of less than 12 months, dividends are paid when your certificate matures.
When you open your certificate account, you can decide how you want to receive your dividends when the certificate matures—just specify the account where you want the money deposited or request a check. Or, you can automatically reinvest the money in another certificate. You can also change these options at any time during your certificate term.
Certificate laddering is a savings strategy that distributes your funds across multiple certificates with different rates and terms. This allows you to take advantage of the higher rates that are usually available for longer-term certificates, but it also allows you earlier access to the money that you place in shorter-term certificates.
Yes! Members using online account access may elect to receive eStatements, electronic versions of their statements, instead of paper statements in the mail.
If you wish to receive an email reminder when your new eStatement is ready, enter your email address where indicated.
By signing up for eStatements, you are agreeing to receive your statement and important disclosure and regulatory information electronically. Some communications may still be delivered via the mail as required.
The difference is in who insures the funds. Credit unions provide certificate accounts that are insured by the National Credit Union Administration (NCUA). CDs are provided by banks and insured by the Federal Deposit Insurance Corporation (FDIC). Both can offer higher returns than other savings accounts.
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