Which Certificate is Right For You?
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Traditional Certificates
Term APY* Share, Traditional & ROTH IRA Certificates
$500 MINIMUM OPENING BALANCE
3 Month 3.00% 6 Month 4.25% 12 Month 4.00% 24 Month 2.75% 36 Month 2.50% 48 Month 2.50% 60 Month 2.50% -
Bump & Add On Certificates
Term APY* Bump & Add-On Certificates
$500 MINIMUM OPENING BALANCE
12 Month Bump 3.00% 12 Month Add-on 3.00% 18 Month Add-on 3.00% 24 Month Bump 2.75% 24 Month Add-on 2.75% 36 Month Bump 2.50% 48 Month Bump 2.50% 60 Month Bump 2.50% - 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.
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Jumbo Sized Certificates
Term APY* Jumbo Certificates
6 MONTH $50,000 MINIMUM OPENING BALANCE
1 YEAR $90,000 MINIMUM OPENING BALANCE6 Month Jumbo 4.25% 12 Month Jumbo 4.00%
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.
Disclosures
* APY = Annual Percentage Yield and is accurate as of 10/11/2024.
Definitions
Add-on: Additional deposits allowed
Bump: You may elect to adjust your dividend rate to a new fixed dividend rate based on the rate currently offered for this specific product term one time during the original term of the account, unless stated otherwise.
A penalty may be imposed for early withdrawal.