Certificates

PSECU offers its members a safe and easy way to invest their money. Whether you are looking for a short or long-term investment, PSECU has a certificate that will work toward helping you reach your financial goals. All you need to do is select the product and term that works for you. 
Earn generous rates

Terms from 3 to 60 months

Open with as little as $500

No monthly fees

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. 
 
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. 
 
Other benefits of opening a certificate at PSECU include:
  • Flexible terms: Choose from terms of 3, 6, 9, 12, 18, 24, 36, 48, and 60 months.1
  • No fees: We never charge monthly maintenance fees for your certificate.
  • Guaranteed safety: Your certificates are federally insured by the National Credit Union Administration (NCUA) up to a $250,000.2  
  • Competitive rates: Dividend rates3 are guaranteed and locked in for the term of your certificate.
  • Daily growth: Your money grows faster, accelerated by dividends that are accrued daily and compounded monthly.
  • Earnings you can count on: A certificate’s guaranteed rate of return makes it easier to estimate your money’s growth. 

How to Open a Certificate

To open a certificate, you must be a member of PSECU.

Not a member?

Open a PSECU Account

Enroll in Online Banking

Log into Online Banking

On the balances page, select Add A Certificate

Already a Member?

Log into Online Banking

On the balances page, select Add A Certificate

Rates for Certificates and IRAs

FAQs

Yes, you can, but you’ll pay an early withdrawal penalty. The minimum withdrawal amount is $100. 

If you withdraw money early from a 3 to 24 month certificate, you’ll lose 90 days’ worth of earnings on the principal amount you withdraw, whether or not the certificate has earned an initial dividend. If you withdraw money early from a 36 to 60 month certificate, you’ll lose 180 days’ worth of earnings on the withdrawn principal amount, whether or not the certificate has earned an initial dividend. Penalties are deducted from the certificate value and calculated at the certificate’s annual dividend rate.

Also keep in mind that if your withdrawal plus the penalty takes the certificate below the required minimum $500 balance, we’ll be required to close your certificate and the penalty will be calculated on the entire balance. All certificate penalty withdrawals must be made in writing.
We’ll notify you before your certificate matures, meaning that its term is ending. You have a 10-day grace period after your certificate matures to add money to it or transfer the balance to another account. After the 10 days, we’ll automatically renew your balance into another certificate of the same term unless you tell us otherwise.


Currently, PSECU does not sell U.S. savings bonds; however, the following savings bonds can be redeemed at PSECU offices: E/EE, I Savings Notes, A, B, C, D.

1If you withdraw your money early, you’ll be charged a fee (early-withdrawal penalty). If you withdraw money early from a 3- to 24-month certificate, you’ll lose 90 days’ worth of earnings on the principal amount you withdraw, whether or not the certificate has earned an initial dividend. If you withdraw money early from a 36- to 60-month certificate, you’ll lose 180 days’ worth of earnings on the principal amount you withdraw, whether or not the certificate has earned an initial dividend. These penalties are deducted from the certificate value and calculated at the certificate’s annual dividend rate.

If 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. All certificate penalty withdrawals must be made in writing.

2PSECU Share Certificates are federally insured by the National Credit Union Administration (NCUA) up to a $250,000 for any certificate set up under the same ownership. This is the maximum amount allowed by law.

3Rates are declared weekly and fixed for the term of the certificate.