You must be a credit union member.

A minimum deposit of $200.00.

There is less risk because the rate is guaranteed for the term of your certificate. But, by choosing a step-up, if rates increase during the term of your certificate, you may bump your rate up one time. Your dividend rate cannot increase above 1.50% from the original dividend rate.

You can choose the term of the certificate. They range from 91 days to 6 years. Regardless of the term you choose, your funds are always available for emergencies through a certificate loan.

Your certificate may be used as collateral on a loan with the loan rate equaling 3% above the certificate rate.

Your dividend earnings compound monthly and may be transferred to your savings or checking account upon maturity. There is a penalty for early withdrawal and fees may reduce earnings.

You will receive a reminder notice 15 days prior to the maturity date. If you do not respond to this notice, your certificate will renew at the current rate for successive terms equal to your original term.

Your funds are safe—they’re insured by NCUA to at least $100,000 for combined savings, checking and certificates.