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.

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?

Become a member

Already a Member?

Rates for Certificates and IRAs

Valid as of 01/19/2020 6:47 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

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.

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.

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 Barbie from SO FAR IM A HAPPY CAMPER I chase interest rates for my CDs. It’s my ideal for a safe investment. I found PSECU while searching credit unions and called them. They have been helpful, easy to understand and informative not to mention the best CD rates available. I set up an account and they held a very favorable rate for me for a few days and then told me about the ability to add to that CD (with what is today an extremely good rate) on a regular basis. I set up an automatic monthly transfer at my bank and told the banking assistant about PSECU’s “add on” policy and he had never heard of a bank or credit union offering that benefit. So far I’m very glad I found them. I am always happy when a financial institution treats me like a valued customer even if I’m Just a first time caller. I’m truly happy with the CD program they offer!

Date published: 2019-12-14

Rated 5 out of 5 by kaplan from good costumer service people was nice and very helpfull on the phone,,so far so good,,thanks psecu

Date published: 2019-12-02

Rated 5 out of 5 by ChuckR from It Was Very Easy I filled out the online application, was accepted quickly, wired 50k from my credit union in Idaho and opened a certificate with a great rate. Well done!

Date published: 2019-11-17

Rated 1 out of 5 by Very Unhappy Member from Wow! What a waste of time! This comedy begins with my first telephone conversation with these folks, on 11/2/19. I called them to confirm that they had received my "on line" application, and to advise them that my disability was making it difficult to do an "on line" signing of the application. They told me that they would send me a written application to sign. They told me that I could fax it back to them. Today, on November 13, I finally received the application. The application information did not include a fax number. When I called today, after a 45 minute hold, I was advised that the CD rate offered when I requested membership was no longer available. AT THE TIME OF MY FIRST CONVERSATION, I ASKED ABOUT THE RATE BEING HELD AND WAS TOLD THAT AS LONG AS AN APPLICATION NUMBER WAS ISSUED, THE RATE WOULD BE HELD UNTIL TYHE APPLICATION WAS PROCESSED. Does this sound like an outfit that should be trusted with your financial confidence?

Date published: 2019-11-13

Rated 1 out of 5 by DKJDP from PSECU Online Application The application process is extremely thorough but not timely in being reviewed! I have applied to many credit unions in the past and have always been accepted within a few minutes of completing the necessary paperwork. However, that was definitely NOT the case with PSECU. I have been waiting several days and still do not know whether I have been accepted or rejected. At this time I am not interested in joining this credit union.

Date published: 2019-11-10

Rated 5 out of 5 by JackieS61 from Safe Way to Save Money! I prefer CD's as a safe way to save money. I'm a conservative investor, and this guarantees my money will be there when I need it.

Date published: 2018-07-12

Rated 5 out of 5 by Aman from Amazing service The ease of use. And hiw nice the people are here at PSECU

Date published: 2018-07-09

Rated 5 out of 5 by Robi 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

Personal Certificates Reviews - page 2