FYI & Cubby Certificate
A certificate with a low $100 initial investment that earns higher dividends. If you know you won’t need access to your funds, this is a great way to watch your savings grow.
Interest rates vary according to the length of the term. Dividends may be transferred quarterly to your savings or checking account or added to your certificate balance.
|Minimum balance for certificates is $100||Higher deposit, higher yield|
|Rate is fixed for term of certificate||Peace of mind|
|Six (6) month and twelve (12) month terms||Convenient|
|Dividends are calculated based on average daily balance and are paid monthly; dividends are added to the balance, or when requested may be transferred to a savings or checking account within the same account number.||Earns dividends|
|Higher dividend yield than share savings accounts||Peace of mind|
|Member is mailed maturity notice 30 days prior to maturity date; certificate automatically renews based on previous term at prevailing board rates; ten (10) day grace period for member change requests||Convenient|
|Periodic statement, usually quarterly, monthly if any electronic or telephone services are utilized, such as iTalk or ACH||Peace of mind|
|Early withdrawal allowed; results in a penalty equal to 90 days dividends||Flexible|
|Certificate funds may be used as loan collateral||Security, saves money|
|Federally insured by NCUA for up to $250,000||Peace of mind|