A Share Certificate is the credit union version of a Certificate of Deposit (CD). It’s an account you deposit money into for a certain period of time. That money then earns dividends over that period. Your funds are fully insured by the federal government (NCUA) up to $250,000 so your money is safe and sound while the dividends compound every quarter. It’s a low-risk way to earn a high return on your money.
Here's How It Works
- Deposit a minimum of $1,000 with a guaranteed Annual Percentage Yield1.
- Collect dividends that are compounded and credited quarterly.
- At the end of your certificate’s term, withdraw your money plus the dividends you’ve earned, or roll over your earnings into a new certificate.
Benefits
- Competitive dividend rates
- No service fees2
- Dividends can be kept in Certificate or transferred to another UTFCU account3
- Automatic renewal or transfer at maturity3
Certificate Rates
| Term | Dividend Rate | APY** |
|---|---|---|
| 3 Months | 0.449% | 0.45% |
| 6 Months | 0.599% | 0.60% |
| 7 Month Special ($10,000 MIN; $500,000 MAX)*** | 3.930% | 4.00% |
| 12 Months | 1.492% | 1.50% |
| 18 Months | 1.541% | 1.55% |
| 23 Month Bump Rate Special ($1,000 MIN; $500,000 MAX)**** | 3.200% | 3.25% |
| 24 Months | 1.590% | 1.60% |
| 30 Months | 1.640% | 1.65% |
| 36 Months | 1.689% | 1.70% |
| 48 Months | 1.739% | 1.75% |
| 18 Month Educational IRA ($100 min. & $2,000 max.) | 1.541% | 1.55% |
*All regular (non-special/promo) certificates, with the exception of Educational IRAs, require a $1,000 minimum. There may be a loss of accrued dividends if there is an early withdrawal of funds. **APY = Annual Percentage Yield. ***APY= Annual Percentage Yield. Rate applies to new money deposits. Rate effective 10.07.2024. Rate is subject to end at any time. $10,000.00 minimum balance. $500,000.00 maximum balance per individual member. Fees could reduce earnings on the account. Early withdrawal penalties may apply. Federally insured by NCUA. ****APY= Annual Percentage Yield. Rate applies to new money deposits. Rate effective 10.07.2024. Rate is subject to end at any time. $1,000.00 minimum balance. $500,000.00 maximum balance per individual member. Fees could reduce earnings on the account. Early withdrawal penalties may apply. Certificates with a Bump Up Feature have the option to make a one-time dividend rate adjustment during the initial term of the certificate. The request to adjust the dividend rate is limited to the rate in effect for the same term certificate at the time of your request. If an equal term is no longer offered, the request to adjust your dividend rate will be limited to the rate in effect for the term closest to the term of the current certificate. Such requests must be made in writing by completing the “Bump Up Certificate Request” form available at any UTFCU branch location. The new dividend rate will be paid for the remainder of the term of the certificate and will not extend the original maturity date of the certificate. Dividend rates are not tied to any index and are established at the discretion of UTFCU. The bump up can only be done during the initial term of the certificate and is not available in subsequent automatic renewals. Contact UTFCU for more information or refer to your account disclosure for term, rate bump, early withdrawal penalty, and maturity information. Federally insured by NCUA. | ||
| Term | Dividend Rate | APY** |
|---|---|---|
| 3 Months | 0.449% | 0.45% |
| 6 Months | 0.599% | 0.60% |
| 7 Month Special ($10,000 MIN; $500,000 MAX)*** | 3.930% | 4.00% |
| 12 Months | 1.492% | 1.50% |
| 18 Months | 1.541% | 1.55% |
| 23 Month Bump Rate Special ($500,000 MAX)**** | 3.200% | 3.25% |
| 24 Months | 1.590% | 1.60% |
| 30 Months | 1.640% | 1.65% |
| 36 Months | 1.689% | 1.70% |
| 48 Months | 1.739% | 1.75% |
*All regular (non-special/promo) certificates, with the exception of Educational IRAs, require a $1,000 minimum. There may be a loss of accrued dividends if there is an early withdrawal of funds. **APY = Annual Percentage Yield. ***APY= Annual Percentage Yield. Rate applies to new money deposits. Rate effective 10.07.2024. Rate is subject to end at any time. $10,000.00 minimum balance. $500,000.00 maximum balance per individual member. Fees could reduce earnings on the account. Early withdrawal penalties may apply. Federally insured by NCUA. ****APY= Annual Percentage Yield. Rate applies to new money deposits. Rate effective 10.07.2024. Rate is subject to end at any time. $1,000.00 minimum balance. $500,000.00 maximum balance per individual member. Fees could reduce earnings on the account. Early withdrawal penalties may apply. Certificates with a Bump Up Feature have the option to make a one-time dividend rate adjustment during the initial term of the certificate. The request to adjust the dividend rate is limited to the rate in effect for the same term certificate at the time of your request. If an equal term is no longer offered, the request to adjust your dividend rate will be limited to the rate in effect for the term closest to the term of the current certificate. Such requests must be made in writing by completing the “Bump Up Certificate Request” form available at any UTFCU branch location. The new dividend rate will be paid for the remainder of the term of the certificate and will not extend the original maturity date of the certificate. Dividend rates are not tied to any index and are established at the discretion of UTFCU. The bump up can only be done during the initial term of the certificate and is not available in subsequent automatic renewals. Contact UTFCU for more information or refer to your account disclosure for term, rate bump, early withdrawal penalty, and maturity information. Federally insured by NCUA. | ||
| Term | Dividend Rate | APY** |
|---|---|---|
| 3 Months | 0.449% | 0.45% |
| 6 Months | 0.599% | 0.60% |
| 7 Month Special ($10,000 MIN; $500,000 MAX)*** | 3.930% | 4.00% |
| 12 Months | 1.492% | 1.50% |
| 18 Months | 1.541% | 1.55% |
| 23 Month Bump Rate Special ($500,000 MAX)**** | 3.200% | 3.25% |
| 24 Months | 1.590% | 1.60% |
| 30 Months | 1.640% | 1.65% |
| 36 Months | 1.689% | 1.70% |
| 48 Months | 1.739% | 1.75% |
*All regular (non-special/promo) certificates, with the exception of Educational IRAs, require a $1,000 minimum. There may be a loss of accrued dividends if there is an early withdrawal of funds. **APY = Annual Percentage Yield. ***APY= Annual Percentage Yield. Rate applies to new money deposits. Rate effective 10.07.2024. Rate is subject to end at any time. $10,000.00 minimum balance. $500,000.00 maximum balance per individual member. Fees could reduce earnings on the account. Early withdrawal penalties may apply. Federally insured by NCUA. ****APY= Annual Percentage Yield. Rate applies to new money deposits. Rate effective 10.07.2024. Rate is subject to end at any time. $1,000.00 minimum balance. $500,000.00 maximum balance per individual member. Fees could reduce earnings on the account. Early withdrawal penalties may apply. Certificates with a Bump Up Feature have the option to make a one-time dividend rate adjustment during the initial term of the certificate. The request to adjust the dividend rate is limited to the rate in effect for the same term certificate at the time of your request. If an equal term is no longer offered, the request to adjust your dividend rate will be limited to the rate in effect for the term closest to the term of the current certificate. Such requests must be made in writing by completing the “Bump Up Certificate Request” form available at any UTFCU branch location. The new dividend rate will be paid for the remainder of the term of the certificate and will not extend the original maturity date of the certificate. Dividend rates are not tied to any index and are established at the discretion of UTFCU. The bump up can only be done during the initial term of the certificate and is not available in subsequent automatic renewals. Contact UTFCU for more information or refer to your account disclosure for term, rate bump, early withdrawal penalty, and maturity information. Federally insured by NCUA. | ||
1All certificates (with the exception of Educational IRA’s) require a $1,000 minimum.
2Early withdrawal penalties may apply. Contact a UTFCU representative for more information or refer to your account disclosure for term and early withdrawal penalties information.
3Certain restrictions may apply based upon Certificate terms. Dividends are calculated based upon Certificate terms. Contact a UTFCU representative for more information or refer to your account disclosure for term and maturity information.