15-Month Certificate 3.05% APY*
15-Month Certificate Special
Saving for a rainy day? Expecting some tax return money? Maximize your savings with a 15-month certificate!
What is a Certificate?
A Certificate is different than a regular savings account in several ways.
Savings accounts let you deposit and withdraw funds relatively freely. With a Certificate, you agree to leave your money in the Credit Union for a set number of months, called the term. You won't have access to the funds you put into that Certificate for the term you choose. If you decide to take the money out before the term is up there is a fee to do so, called a penalty.
What's the benefit?
If you're asking yourself why you would tie up your money for months, even years, it's because you typically earn a much higher rate on a Certificate versus a regular savings account. That rate is called the APY which stands for Annual Percentage Yield.
Certificate APYs are also fixed, which means they can't change during the term, even if rates in general start to go down. You're locked in and earning a great dividend for the entire term. A dividend is credit union language for interest. That's the money you earn off the APY.
How do I open a Certificate?
If you already have an account with MONEY Federal Credit Union:
- Print an application and fax, mail, or drop it off to us; or
- Open it online
If you don't already have an account with MONEY Federal Credit Union, please click "Become a Member" at the bottom of this page. After you complete that application, a member of our team will contact you to continue the process of opening the Certificate.
*Certificate promotion details: Federally insured by NCUA. Not eligible for Royalty Coupon. APY= Annual Percentage Yield. Programs, rates, terms, and conditions subject to change without notice. $500 minimum deposit to open a certificate. Early withdrawal penalties may apply and reduce earnings.