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.

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 a $250,000.¹

Open with as little as $500. 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.

Flexible terms

Choose from terms of 3, 6, 9, 12, 18, 24, 36, 48, and 60 months.²

No fees

We never charge monthly maintenance fees for your certificate.

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.

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

Open an Account

Already a Member?

Log into Online Banking
On the balances page, select Add A Certificate

Current Rates

Valid as of 01/20/2022 3:45 PM EST
Description	APY*	Rate
3 months	0.20%	0.20%
6 months	0.25%	0.25%
9 months	0.30%	0.30%
12 months	0.45%	0.45%
18 months	0.50%	0.50%
24 months	0.55%	0.55%
36 months	0.65%	0.65%
48 months	0.70%	0.70%
60 months	0.80%	0.80%

*APY denotes Annual Percentage Yield

Rates and information are subject to change at any time. This rate will be paid until the certificate matures. Your certificate will automatically renew at the rate in effect at the time of maturity unless we are contacted on or before the maturity date. Upon renewal, the term will be the same as the original term. You have 10 calendar days after maturity to redeem your certificate without penalty if you do not want to renew. If you have not contacted PSECU by the maturity date, the certificate will renew for the rate in effect on the date of maturity and for the same term as the original term. A penalty will be imposed for early withdrawal. A minimum daily balance of $500 must be maintained in order to earn the disclosed Annual Percentage Yield (APY).

This content provided is for informational purposes only. Nothing stated is to be construed as financial or legal advice. PSECU recommends that you seek the advice of a qualified financial, tax, legal, or other professional if you have questions.

FAQs

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.

¹PSECU 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.

²If 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.

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