Our members have access to a safe and easy way to invest their money. Whether you're looking for a short- or long-term investment, we have a certificate that will help you reach your financial goals. Our certificates are federally insured by the NCUA.
Benefits of Opening a Certificate at PSECU
A credit union certificate is the equivalent of a bank Certificate of Deposit (CD). It’s a smart option if you don’t need instant access to your money and want to earn higher dividends (interest) on your money than you can with a savings account. A certificate’s guaranteed rate of return makes it easier to estimate your money’s growth. Your certificates are federally insured by the National Credit Union Administration (NCUA) up to $250,0001.
Open with as little as $5002. You’ll accrue dividends for a set period of time, or “term.” When your term is up, you can withdraw your money and earnings. Otherwise, you can renew your certificate at current rates.
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*APY denotes Annual Percentage Yield.
1All PSECU deposit shares, including checking, Regular, additional savings, money market and certificates, are federally insured by the National Credit Union Administration (NCUA) up to $250,000, the maximum allowed by law. In addition to the $250,000 of insurance provided on an individual account or combination of individual accounts, you are also insured up to $250,000 for any combination of accounts you may hold jointly with other individuals.
2If your withdrawal plus penalty takes the certificate below the required minimum $500 balance, your certificate will be closed and the penalty will be calculated on the entire balance.