- 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.
Certificates
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
Rates for Certificates and IRAs
Description | APY* | Dividend Rate |
---|---|---|
3 months | 0.20% | 0.20% |
6 months | 0.25% | 0.25% |
9 months | 0.35% | 0.35% |
12 months | 0.45% | 0.45% |
18 months | 0.50% | 0.50% |
24 months | 0.60% | 0.60% |
36 months | 0.70% | 0.70% |
48 months | 0.85% | 0.85% |
60 months | 0.95% | 0.95% |
*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
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.
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.