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NOTICE: The financial community is seeing an aggressive increase in scams and phishing.

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Savings Certificates

A savings account that works harder and earns more

Savings Certificates

Our highest earning interest rates are available through UCCU Savings Certificates. With rates much higher than a traditional savings account, you enable your savings to earn more for you. 

That’s because unlike a traditional savings account – which allows you to deposit and withdraw funds freely – a certificate of savings comes with an agreement that you won’t withdraw funds for a set term, typically anywhere from months to years.

Also, click to take a look at UCCU’s high interest Money Market Accounts!

Supercharge Your Savings

Open a UCCU Certificate and start earning more. A lot more.

(801) 223-8188 | Branch Locations

Available M–F 8am–6pm, and Sat. 9am–2pm,

Special Promotional Certificates Rates!

Types of Certificates

Standard Certificates Rates

A conventional certificate that earns you a higher interest rate than a traditional savings account.

Add a Jump Up Feature to your Standard Certificate!

Worried the yield will go up? Then add a Jump Up to any Standard Certificate for only 0.20% less APY to enjoy the flexibility of a one-time rate Jump up during the life of your certificate!

Certificate Specials Rates

Open a promotional certificate for a limited time only. Hurry before these specials disappear!

What’s the difference between a Savings Certificate and a CD?

A certificate account is a type of savings account where you deposit a certain amount of money for a fixed period. In return, you receive interest at a predetermined rate, typically higher than a regular savings account. Though a Certificate and a Certificate of Deposit (or CD) are similar in function, CDs are issued by for-profit banks while certificates are issued by non-profit credit unions, like UCCU. 

Certificate of Savings are a popular way to save money by purchasing a certificate and agreeing to leave that money deposited in the certificate for a period of time between 3-months and 5-years. They earn higher dividends than other savings options.

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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