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.

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How to Open a Certificate

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

Not a Member?

  1. Open a PSECU account.
  2. Enroll in digital banking.
  3. Follow the instructions on the right for current PSECU members.

Already a Member?

  1. Log into online banking.
  2. Click on the drop-down menu.
  3. Select Add a Product and then Certificate.

Current Rates

Valid as of 12/4/2022 2:17 PM EST 
Description APY* Dividend Rate
3 months 1.50% 1.49%
6 months 2.50% 2.47%
9 months 3.00% 2.96%
12 months 3.25% 3.20%
18 months 4.00% 3.93%
24 months 3.55% 3.49%
36 months 3.60% 3.54%
48 months 3.65% 3.59%
60 months 3.70% 3.64%

*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).

View Truth in Savings Account Disclosures.

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 $250,000.1

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 rates are locked in for the term of your certificate.

Daily growth

Your money grows faster, accelerated by dividends that are accrued daily and compounded monthly.

FAQs

When you open a certificate, you're prompted to select a maturity option for your funds. You can choose for your certificate to automatically renew for the same term, for the funds to be sent via check to your account's address, or for your funds to be transferred to one of your PSECU shares. The option you choose upon opening a certificate will determine what happens to the funds upon maturity. If you'd like to make a change, you can do so by sending us a secure message in online banking or calling us at 800.237.7328.
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1PSECU Share Certificates are federally insured by the National Credit Union Administration (NCUA) up to $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.