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. 
Personal Certificates is rated 4.7 out of 5 by 47.
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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 daily compounded dividends. 
  • 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

Become a member 

Already a Member?

Log into Online Banking

On the balances page, select Add A Certificate

Log in 

Rates for Certificates and IRAs

Valid as of 01/22/2020 4:53 AM EST
Description APY* Rate
3 months 1.10% 1.09%
6 months 1.25% 1.24%
9 months 1.40% 1.39%
12 months 1.55% 1.54%
18 months 1.70% 1.69%
24 months 1.85% 1.83%
36 months 2.00% 1.98%
48 months 2.15% 2.13%
60 months 2.25% 2.23%

*APY denotes Annual Percentage Yield

Rates and information are subject to change at any time. Recurring deposits may be made into the certificate through automatic transfers (ATS) only. You may set up recurring deposits through ATS within 30 days after the certificate is purchased. Deposits can be stopped or reduced 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 ten calendar days after maturity to redeem your certificate without penalty if you do not want to renew. If the member has 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 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

When you open your certificate, you can set up automatic transfers. You can decrease or cancel automatic transfers during the certificate term, but you can’t increase the amount of the money you transfer to your account. You have a 10-day grace period after your certificate matures to add money to it or transfer your balance to another account. After the 10 days, we’ll automatically renew your balance into another certificate of the same term unless you choose otherwise.

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.

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. For current rates, see Our Rates.

Rated 3 out of 5 by from Low CD interest rates. See below, you pay too little interest on Certificates of Deposit.
Date published: 2017-09-01
Rated 5 out of 5 by from Convenient Easy to purchase and transfer funds from one account to another.
Date published: 2017-09-01
Rated 5 out of 5 by from Easy and competitive rates! PSECU CDs are easy to open electronically by transferring from existing accounts, east to watch grow using the widget on my phone, and do so at a competitive rate.
Date published: 2017-09-01
Rated 5 out of 5 by from CofD Rates are higher than most banks. Easy access and renewal.
Date published: 2017-08-31
Rated 5 out of 5 by from Always works, always there, always good I have been a member of PSECU for 20 years or longer. Their services are terrific. I use the Visa debit card and credit card demestically and when I travel internationally. No hassles.
Date published: 2017-08-31
Rated 5 out of 5 by from Great Credit Union Always professional, helpful! Keep up the good work!
Date published: 2017-08-31
Rated 5 out of 5 by from Great product Great interest rate, like everything about the credit union
Date published: 2017-08-31
Rated 5 out of 5 by from Better rate than banks Better rate than banks. I have kept this account as I moved around the country
Date published: 2017-08-31
Rated 5 out of 5 by from Great Product They have fair interest rates and communicate well with customers.
Date published: 2017-08-31
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