When you’re naturally a spender, it’s not easy to be a saver. So if you want your saved money to be just out of reach and want to earn a higher rate too, a Certificate might be right for you.

A Certificate from Kitsap Credit Union lets you place funds in an account for a predetermined amount of time. The longer your certificate length, the higher a rate of return you can expect.

Certificate Features

  • Terms ranging from 3 months to 5 years.
  • Choose between Standard, Bump Rate, Add-On, and Jumbo Certificates.
  • Fixed rate. Bump Rate Certificates allow for a dividend rate adjustment once during the initial term.
  • Add-On Certificates let you deposit more funds after opening the account.
  • Competitive dividends — earned monthly.
  • $500 minimum opening deposit.1
  • View your balance anytime via Online Banking and Mobile Banking.
  • Funds are federally insured by NCUA.

Stacking Savings with a Certificate Ladder

Certificates require money to be deposited for a set amount of time. While that may feel limiting, you can still have some access to your money with a technique called certificate laddering. This involves opening several certificates with staggered maturity dates. By doing this, you can take advantage of better interest rates when rates go up. If rates are falling, part of your certificate funds are still earning the higher rates that were available earlier.

To create a certificate ladder, open a series of certificates with different maturity dates. For example, if you have $1,500 to put into certificates, you might invest $500 each in six-month, 12-month, and 24-month certificates. As each certificate matures, you have the option to use the money or let it renew.


1 Jumbo Certificates require a minimum opening balance of $50,000 for a six month term and $90,000 for a one year term. Promotional certificates may have a larger minimum opening balance requirement.

* APY = Annual Percentage Yield.