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Secure Your Future With Service Credit Union Share Certificates

Let’s talk about your savings – not as numbers on a page, but as the future vacations, dream homes, and peace of mind they represent. With Service Credit Union’s Share Certificates, you’re not just saving, you’re actively crafting the life you desire.

Guaranteed Growth, No Guesswork Needed

  • 6-Month Share Certificate at 5.00% APY*
  • 9-Month Share Certificate at 5.00% APY*
  • 12-Month Share Certificate at 5.00% APY*

Lock in these rates, and rest easy knowing they’re guaranteed for the entire term of your deposit.

Safety in Savings

Your financial security is paramount. That’s why every individual account with us is federally insured up to $250,000. Navigating multiple or joint accounts? The NCUA’s Share Insurance Estimator at offers clarity and confidence in the safety of your funds. With us, your money isn’t just growing—it’s protected.

Simple, Yet Powerful

Here’s how you make your savings work for you:

  1. Kickstart with Confidence: Deposit a minimum of $500 to open your share certificate, with the assurance of a guaranteed Annual Percentage Yield*.
  2. Dividends, on repeat: Your dividends compound and are credited monthly, amplifying your savings without any extra effort from you.
  3. Options at Maturity: When your certificate term ends, you have the freedom to withdraw your balance, plus all the dividends earned, or you can choose to roll it over into a new certificate to keep the momentum going.

Begin With Service Credit Union

It’s not just about where you put your money, but also who you entrust it to. At Service Credit Union, we’re not just about savings; we’re about your dreams, your security, and your journey. Open a Share Certificate today—lets make your future financial goals a present reality.

Service Credit Union Certificate Rates

Please call or visit a branch to open an IRA certificate. US: 800.936.7730 | International: 00800.4728.2000
$500.003 Months0.797%0.80%*Open a 3-month certificate Now
$500.006 Months4.889%5.00%*Open a 6-month certificate Now
$500.009 Months4.889%5.00%*Open a 9-month certificate Now
$500.0012 Months4.889%5.00%*Open a 12-month certificate Now
$500.0015 Months4.650%4.75%*Open a 15-month certificate Now
$500.0018 Months4.362%4.45%*Open a 18-month certificate Now
$500.0024 Months3.445%3.50%*Open a 24-month certificate Now
$500.0036 Months2.325%2.35%*Open a 36-month certificate Now
$500.0048 Months2.423%2.45%*Open a 48-month certificate Now
$500.0060 Months2.472%2.50%*Open a 60-month certificate Now

*Rates shown are Annual Percentage Yield (APY), accurate as of 6/5/24, and subject to change without notice. Minimum deposit of $500 required. Penalty for early withdrawal. The APY is based on the assumption that dividends will remain on deposit until maturity and that a withdrawal or fee will reduce earnings. Certificates are fixed-rate accounts and will remain in effect until maturity. Dividend rates and APYs are subject to change on the 1st and 16th of every month, as determined by the Board of Directors. Must be a member of Service CU or establish membership with $5 in a Primary Savings Account.

Share Certificate Calculator

Use our certificate calculator to see how much your deposit would grow over any of our available terms.

Share Certificates FAQs

What is a Share Certificate?

A share certificate is a type of high-rate savings account with a fixed term. In exchange for placing funds into a certificate for the selected term, you earn a higher percentage yield on those funds.  It’s similar to a certificate of deposit (CD) at a bank.

When you open a share certificate, you agree to deposit a certain amount of money for a fixed period, ranging from six months to five years. In return, you earn a predetermined dividend rate on your deposit. At the end of the term, you receive your original deposit plus the earned dividend.

  • Higher  Rates: Share Certificates typically offer higher dividends compared to regular savings accounts.
  • Fixed Rates: The annual percentage yield (APY) is locked in for the term of the certificate, protecting you from market fluctuations.
  • Predictable Returns: You know exactly how much you’ll earn by the end of the term.

The main risk is the potential for penalties if you withdraw your money before the end of the term. Additionally, if dividend rates rise, your money remains locked at the lower rate of the Share Certificate.

The minimum deposit amount varies by institution but typically ranges from $500 to $1,000.

While you can withdraw money before the maturity date, doing so usually incurs an early withdrawal penalty, which can reduce the dividends earned and, in some cases, part of your principal. 

When a share certificate matures, you have several options:

  • Renew: Reinvest the funds into a new share certificate.
  • Withdraw: Transfer the funds to another account or withdraw them.
  • Reinvest: Move the funds into another investment option.

Yes, share certificates are insured up to $250,000 by the National Credit Union Administration (NCUA), similar to how deposits in a bank are insured by the Federal Deposit Insurance Corporation (FDIC).

Most share certificates do not allow additional deposits once the initial deposit is made. However, you can open multiple certificates or wait until your current certificate matures to reinvest the funds along with additional money.

To open a share certificate, you typically need to:

  • Be a Member: Join a credit union if you’re not already a member.
  • Deposit Funds: Provide the minimum deposit required.
  • Choose a Term: Select the term length that suits your financial goals.
  • Apply: Complete the application process online, by phone, or at a branch.

  • Term Length: Choose a term that aligns with your financial goals and when you’ll need access to your money.
  • Dividend Rates: Compare rates to ensure you’re getting the best return.
  • Penalties: Understand the penalties for early withdrawal.
  • Insurance: Ensure your deposits are within the insured limit.

Typically, there are no fees to open or maintain a Share Certificate. However, early withdrawal penalties can apply if you need access to your funds before the maturity date. Always check with your credit union for specific terms and conditions.

Dividends on share certificates are typically compounded daily or monthly and credited to the account monthly or quarterly. The method of calculation and frequency of compounding can vary by institution.

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