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Savings Certificates
A savings account that works harder and earns more
Grow Your Savings with Higher Dividend Rates
Saving for the future takes time, and where you keep your money can make a difference. A Savings Certificate helps your money earn more by offering a fixed dividend rate for a set period of time. Instead of moving up or down with changing rates, your earnings stay consistent from the day you open your certificate until it matures. That gives you a clear picture of how your savings will grow over time.
Savings Certificates are available in terms ranging from 3 months to 5 years, making it easy to match your savings with your timeline. Whether you’re preparing for a large purchase, building an emergency fund, or saving for a milestone, you can choose a term that fits your plans. Since your money stays on deposit during the certificate term, it has the opportunity to earn a higher return than many traditional savings accounts.
If you’re looking for a steady, low-risk way to grow your savings, a Savings Certificate offers a simple solution. Your money continues working for you while remaining secure, and you’ll know exactly what dividend rate you’re earning throughout the life of the certificate. When your term ends, you can access your funds, renew your certificate, or explore another savings option based on your financial goals at that time.
Supercharge Your Savings
Open a UCCU Certificate and start earning more. A lot more.
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Higher Earnings
Grow your savings with competitive dividend rates.
Flexible Savings Terms
Choose the certificate length that matches your savings goals.
Steady, Reliable Growth
Your rate is fixed, so your earnings won’t change during the term.
Types of Certificates
Certificate Specials Rates
Open a promotional certificate for a limited time only. Hurry before these specials disappear!
Standard Certificate Rates
A conventional certificate that earns you a higher interest rate than a traditional savings account.
Add On/Jump Up Certificate Rates
A certificate rate that gives you more flexibility to help you save on your certificates
*APY = Annual Percentage Rate. Please note that rates and fees are subject to change without notice. Personal and Business minimum deposit $500 (Youth $100). Click for Truth in Savings for Certificates. Click for the Disclosure of Business Savings Certificates.
Save Today for Tomorrow’s Goals
Saving for the future takes time, and where you keep your money can make a difference. A Savings Certificate helps your money earn more by offering a fixed dividend rate for a set period of time. Instead of moving up or down with changing rates, your earnings stay consistent from the day you open your certificate until it matures. That gives you a clear picture of how your savings will grow over time.
Savings Certificates are available in terms ranging from 3 months to 5 years, making it easy to match your savings with your timeline. Whether you’re preparing for a large purchase, building an emergency fund, or saving for a milestone, you can choose a term that fits your plans. Since your money stays on deposit during the certificate term, it has the opportunity to earn a higher return than many traditional savings accounts.
If you’re looking for a steady, low-risk way to grow your savings, a Savings Certificate offers a simple solution. Your money continues working for you while remaining secure, and you’ll know exactly what dividend rate you’re earning throughout the life of the certificate. When your term ends, you can access your funds, renew your certificate, or explore another savings option based on your financial goals at that time.
Frequently Asked Questions
Can you add money to your Savings Certificate?
Generally, you cannot add money to a Certificate once it’s opened. However, UCCU offers a range of Certificate products, including “Add-On” options that allow additional deposits at the current “Add-on” rate. However, there may be additional limitations. It’s always best to discuss your needs with a UCCU expert to find the most suitable product.
Is my Savings Certificate rate locked and cannot be changed?
Once your account is set up and money is deposited, your UCCU rate will stay the same for the duration of your certificate. There are options if the rate goes up, to add a Jump Up Rates for possible increases in your savings. Every member’s financial journey is unique. Our approach is tailored to meet your individual needs, whether you’re looking for a short-term investment like a 6-month CD or a long-term growth strategy. Our team of experts is always on hand to offer advice and help you make the best choices for your financial future.
Are Certificates of Deposit NCUA Insured?
Yes, at UCCU, our Certificates are NCUA insured, which means your investment is safe up to the maximum amount allowed by law.
What is the biggest difference between a Savings Account and a Savings Certificate?
The biggest difference comes in the timeframe required to have the account and the interest rate provided for the account.
- Fixed Timeframe: When you open a savings certificate, you agree to keep your money deposited for a specific period of time, which can range from a few months to several years. This predetermined time frame ensures that your funds remain securely invested. During this term, you are unable to withdraw the funds without incurring penalties. The length of the fixed timeframe plays a significant role in determining the interest rate you will earn. In general, longer terms offer higher interest rates, rewarding you for committing your funds for an extended period.
- Interest Rate: With your account secured for a fixed timeframe, the credit union offers a predetermined fixed interest rate that remains constant throughout the term. This means that regardless of any changes in the market or national interest rates, your earnings remain stable and predictable. The fixed interest rate provides you with financial certainty and allows you to plan your savings growth effectively. Unlike some other savings accounts where interest rates may fluctuate, savings certificates provide stability and peace of mind.
Where Can I Learn More About Certificates?
Understanding the Benefits of a Savings Certificate Article goes into deeper details on why you should open an account rather than a traditional savings account. The main topics in the article include:
- What is a Savings Certificate?
- What is the difference between a Savings Certificate and a Certificate of Direct Deposit (CD)?
- What if I need to pull my money out early?
- How do I set up a Savings Certificate?
- What is a Jump Up Feature on a Savings Certificate?
- Are there other options outside of Savings Certificates?
- Where can I learn more?
*APY = Annual Percentage Rate. Please note that rates and fees are subject to change without notice. Personal and Business minimum deposit $500 (Youth $100). Click for Truth in Savings for Certificates. Click for the Disclosure of Business Savings Certificates.
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