* APY = Average percentage yield. Rate listed is for a 60-month certificate.
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
out of
5 by
42.
What is a Certificate?
A credit union certificate is the equivalent of a 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.
Rates for Certificates and IRAs
| Description | APY* | Rate |
|---|---|---|
| 3 months | 1.5% | 1.49% |
| 6 months | 1.65% | 1.64% |
| 9 months | 1.8% | 1.79% |
| 12 months | 1.95% | 1.93% |
| 18 months | 2.15% | 2.13% |
| 24 months | 2.36% | 2.33% |
| 36 months | 2.50% | 2.47% |
| 48 months | 2.75% | 2.72% |
| 60 months | 3.00% | 2.96% |
*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: Certificates
How do I open a certificate at PSECU?
It’s easy! If you’re already a PSECU member, log into online banking and choose “Open a Certificate” on your “Balances” page. If you’re new to PSECU, choose “Open Account.” We’ll guide you through the quick and easy process of joining us and opening an account. After that, you’ll be able to easily transfer funds into a certificate.
Will I pay fees to open or maintain a certificate?
Nope! That’s one of the main benefits of banking with us. We don’t charge any opening or maintenance fees on most accounts, including certificates.
What’s the minimum amount required to open a certificate?
Just $500, no matter which term you choose (from 3 to 60 months).
Can I add money to my certificate over time?
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.
Can I withdraw my money early, before my certificate term is up?
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.
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.
Is my certificate federally insured?
Yes. The National Credit Union Administration (NCUA) federally insures your certificate up to $250,000. That’s the maximum insurable amount allowed by law. In addition to the $250,000 of insurance provided on your individual account or combination of individual accounts, you are also insured up to $250,000 for any combination of accounts (including certificates) you own jointly with other individuals.
What happens when my certificate’s term ends?
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.
Rated 4 out of
5
by
doodaa 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
lkemm 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
Long time member from
Reliable
Works to help save for predictable future expenses.
Date published: 2018-04-03
Rated 5 out of
5
by
doug211 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
vicky 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
Marilyn52 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
Woody 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
Greatgrandma 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
Sm24 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
DonJaun 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
grove girl 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
Michelle 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
rob22 from
cd
very good rates, reliable service and ease of rollover
Date published: 2017-11-30
Rated 5 out of
5
by
Lily 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
rahn1113 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
RockFox 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
Johnny Z 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
Sweetpea from
Good rate
PSECU currently has slightly higher rates than other local institutions.
Date published: 2017-10-28
Rated 5 out of
5
by
carol8 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
Bart 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
CAH1434 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
Peterp 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
Babsconj 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
golfer from
Good Product
Competitive and convenient, etcetera, etcetera, etc.F
Date published: 2017-09-02
Rated 5 out of
5
by
Dan T from
I love PSECU!
After decades of frustration and feeling ripped off by big banks and financial institutions, I joined PSECU. I transferred all my money, credit card accounts, loans, etc. to them and I couldn't be happier. I feel fully in control of my money and I love their products: good returns, member-centered policies, good business practices. I love everything about this organization. It's been a great relationship for almost 20 years...
Date published: 2017-09-01
Rated 3 out of
5
by
Izzy 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
Anonymous from
Convenient
Easy to purchase and transfer funds from one account to another.
Date published: 2017-09-01
Rated 5 out of
5
by
Bowen 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
Suzie from
CofD
Rates are higher than most banks. Easy access and renewal.
Date published: 2017-08-31
Rated 5 out of
5
by
ESUNetDude 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
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.