Business certificate accounts

Grow your business savings

This insured, low-risk investment gives you higher rates for longer investment cycles.

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If you don’t need your money right away, you can earn a higher rate when you invest in a Business Certificate account for a longer term.

  • Earn dividends based on market conditions.
  • Keep the same rate throughout the term of the certificate.
  • Open a certificate with as little as $5003 .
  • Terms range from 30 days up to five years.
  • Simplify your investment with automatic renewal.
  • Receive a notification before your certificate term ends.

Why choose a business certificate account?

With a business certificate account, you can increase your earnings by reinvesting dividends in the certificate and compounding monthly. Or, you can supplement your income by withdrawing the dividends each month for certificates that mature in one year or more.

Because your business deposits are insured up to $250,000, this is a low-risk way to invest your money. This can make business certificate accounts 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. However, there are ways to access the money earlier if you need it:

  • You can borrow against your certificate with a Pledge of Certificate loan.
  • If you decide to withdraw the money before your certificate matures, you can pay an early withdrawal penalty.

We always send you a reminder notice before your certificate matures so that you can decide whether to reinvest or withdraw the money when your term ends.

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 business 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.

Always here when you need us.

Our business professionals are here to help. Get in touch with a member of our team for a complimentary, no-obligation consultation.

1The annual percentage yield is the prospective yield that Global Credit Union anticipates paying for the applicable dividend period. Yields may change after an account is opened.

2Rate displayed applicable for certificate accounts with $250,000 for a term of 60 months and is valid as of today’s date. Rates are subject to change at any time for any reason.

There are no qualification or eligibility criteria for members.

3Minimum deposit required is $500. Maturity periods vary from 30 days to 60 months. Certificates are subject to early withdrawal penalties.

For complete account information, refer to the Share Account Disclosure Statement. You will also receive one at the time an account is opened.