Share Certificates offer a better return and stable dividend rates. Whether it's a short-term (3, 6 or 12 month) or for a longer term (18 month, 2, 3, 4 or 5 year) Share Certificate, the dividend rate is locked in for the term of your Share Certificate.
Dividends are accrued daily and credited to your account quarterly.
The minimum balance required to open a Share Certificate is $1,000.00.
You may not make additions to the Share Certiciate account until the maturity date. If you need to withdraw funds prior to maturity, the following early withdrawal penalties apply:
Share Certificate Term - Penalty
The penalty will be equal to 50 percent (50%) of the dividend which would be earned over the Share Certificate's Term, on the amount withdrawn prior to the maturity date. For example - if your Certifcate has a 1 year term, the penalty would be equal to 6 months of interest that would be earned on the amount withdrawn prior to the maturity date.
Share Certificates (Early Withdrawal Penalty May Apply)
|Term||Dividend Rate||Annual Percentage Yield|
|3 month SC ($1,000 minimum)||0.40%||0.40%|
|6 month SC ($1,000 minimum)||0.65%||0.65%|
|12 month SC ($1,000 minimum)||0.95%||0.95%|
|18 month SC ($1,000 minimum)||1.20%||1.21%|
|24 month SC ($1,000 minimum)||1.50%||1.51%|
|36 month SC ($1,000 minimum)||1.45%||1.46%|
|48 month SC ($1,000 minimum)||1.55%||1.56%|
|60 month SC ($1,000 minimum)||1.85%||1.86%|
Rates are subject to change without prior notice