personal savings

Share Certificates


Rates as high as

3.00% APY* 

*APY= Annual Percentage Yield

When it comes to honest to goodness savings, a share certificate is the way to go. Not only do you earn a competitive return, your rate will also be fixed so your money will never be at the mercy of market fluctuations. 

It’s a risk-free investment strategy — just choose your term and start earning dividends. All it takes is a $1,000 minimum deposit to open yours.

  • Fixed rates, higher than regular savings
  • Receive higher rates by selecting a longer term
  • Provides more guarantee than other risky investments
  • Set aside for future savings goals
  • A wide range of terms available (from 6 months to 5 years)
  • No setup or maintenance fees
  • Early withdrawals subject to penalty*
  • $1,000 minimum deposit to open

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Truth In Savings

*Early withdrawals may result in penalties. For Certificates and IRA Certificates, the amount of early withdrawal penalty on your account is 15 days dividends on the amount withdrawn for each month of the original term of the certificate. For example:

  • A six-month certificate will have a 90-day penalty (6x15days) 
  • A 12-month certificate will have a 180-day penalty (12x15days) 
  • A 5-year certificate will have a 900-day penalty (60x15days) 

How the Penalty Works

The penalty is calculated as a forfeiture of the part of the dividend that has been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends, or if the dividend has already been paid, the penalty will be deducted from the principal.

Exceptions to Early Withdrawal Penalties

At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:

  • Classic Service Plan (CSP) members are allowed a one-time withdrawal up to 50% of the Certificate amount.
  • When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
  • Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment, provided that the depositor forfeits an amount at least equal to the simple dividend earned on the amount withdrawn or where the account is an IRA and the owner attains age 70 ½ or becomes disabled.

Nontransferable / Nonnegotiable

Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure an obligation of an owner, except obligations with ABNB Federal Credit Union.