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 48.
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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 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

Valid as of 04/1/2020 10:29 AM EDT
Description APY* Dividend Rate
3 months 0.25% 0.25%
6 months 0.35% 0.35%
9 months 0.45% 0.45%
12 months 0.55% 0.55%
18 months 0.70% 0.70%
24 months 0.80% 0.80%
36 months 0.90% 0.90%
48 months 1.00% 1.00%
60 months 1.10% 1.09%

*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.


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. For current rates, see Our Rates.

Rated 5 out of 5 by from Good Product/Good Rates The rates offered are better than any other institution we looked at. The process of purchasing the CD was very easy and all staff I spoke to were friendly and very helpful.
Date published: 2018-06-15
Rated 5 out of 5 by from Excellent tool! This is a great way to keep, and grow a cash emergency fund.
Date published: 2018-06-07
Rated 4 out of 5 by from Personal Certificates This product is good as it offers competitive rates.
Date published: 2018-05-31
Rated 5 out of 5 by from Super easy I appreciate the ease of setting up the certificate on line. Everything is right there at my fingertips.
Date published: 2018-05-02
Rated 4 out of 5 by from CDs Very easy to procure. Not the best rates, but easy.
Date published: 2018-05-01
Rated 5 out of 5 by from Easy to save A good way to put some money away for the future and get some extra interest plus it's a safe investment.
Date published: 2018-04-29
Rated 4 out of 5 by from good product I enjoy the ease of using this product and almost up to date rates
Date published: 2018-04-28
Rated 5 out of 5 by from 60 month CD This product was great because it provided one of the best rates around with a low minimum and very easy to purchase.
Date published: 2018-04-25
Rated 5 out of 5 by from Reliable Works to help save for predictable future expenses.
Date published: 2018-04-03
Rated 5 out of 5 by from Convenient Opening a certificate was simple. This is a convenient, nearly effortless process.
Date published: 2018-04-02
Rated 5 out of 5 by from Good Product CD's are easy to purchase and track. Only thing that would make it better is if the regular CD's were separate from IRA's and Roths so they were easier to track.
Date published: 2018-03-27
Rated 5 out of 5 by from Great Rate Checked around for the best rate on a 12 month CD and found it at PSECU.
Date published: 2018-02-23
Rated 5 out of 5 by from Redeem CD # S55 and deposit in my checking SO4 CD S55 is in the amount of $ 10473.20 and I understand that there is an early wihdarawl penalty.
Date published: 2018-02-20
Rated 4 out of 5 by from Nice rates but not great Love the ease of on line purchasing, viewing account balances, free checks and no fees.
Date published: 2018-01-30
Rated 5 out of 5 by from Certicate with terms I wanted Had all the elements desired such as good interest rates, easily set up by transfer of funds, options for maturity dates and to either renew, deposit in an account, or sent to you directly.
Date published: 2018-01-16
Rated 5 out of 5 by from Great Bank Best rates! Always have the best rates for CDs and othe rproducts as well.
Date published: 2017-12-30
Rated 5 out of 5 by from Always Good Rates The Certificates of Deposits are a great product from PSECU. The rates are good and easy to open.
Date published: 2017-12-28
Rated 5 out of 5 by from Excellent service I send an email & everything is taken care of exactly as I asked for. Rates are better than most places & the process is so easy.
Date published: 2017-12-01
Rated 5 out of 5 by from cd very good rates, reliable service and ease of rollover
Date published: 2017-11-30
Rated 5 out of 5 by from Good experience I have had certificates at PSECU for many years. Always straight forward & many options available.
Date published: 2017-11-30
Rated 5 out of 5 by from absolutely amazing I like that they have higher interest the most banks I also find it easy to save money here the people you call and talk to are always nice and polite and knowledgeable
Date published: 2017-11-29
Rated 4 out of 5 by from Allow Year-to-Date transaction download You currently only allow for 3-month download. I would really like to be able to do year-to-date. I think this would be a simply change in your system. Most of my other financial sites allow YTD.
Date published: 2017-11-02
Rated 5 out of 5 by from Good Stuff The CDs are easy to set up. In only a few clicks I get everything done without the hassle of going into a branch to bother a teller.
Date published: 2017-11-01
Rated 5 out of 5 by from Good rate PSECU currently has slightly higher rates than other local institutions.
Date published: 2017-10-28
Rated 5 out of 5 by from Great Certificates The rate of return and convenience of PSECU certificates is excellent.
Date published: 2017-10-26
Rated 5 out of 5 by from Certificate Easy to acquire over the web. Product is obtaining more interest than an bank.
Date published: 2017-10-25
Rated 4 out of 5 by from Ease of Use It is really easy to set up a CD, I just wish the rates were a bit higher.
Date published: 2017-09-05
Rated 5 out of 5 by from Consistency Counts All information I need to research and/or purchase a personal certificate is included in the PSECU site. This is not new - I have purchased certificates in the past, and I have never had to wonder about any aspect of the transaction. The site is easily navigated and comprehensive - never found it to be anything but.
Date published: 2017-09-02
Rated 5 out of 5 by from Great Product Great place to put my money but wish rates were a little higher!
Date published: 2017-09-02
Rated 5 out of 5 by from Good Product Competitive and convenient, etcetera, etcetera, etc.F
Date published: 2017-09-02
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