Business Share Certificates give you a safe and easy way to invest your money. Deposit accounts are only available to businesses located within Pennsylvania.
Like all our business deposit products, these certificates are federally insured by the National Credit Union Administration (NCUA). Any certificate set up under the same ownership is insured for up to $250,000. Just $500 is required to open and earn dividends. Choose the term that makes sense for you. They range from three to 60 months. The payment of dividends is based on the available current and undivided earnings of PSECU. The Annual Percentage Yield (APY) for a one year or less time deposit is based on the assumption that the funds will remain on deposit for a full year at the stated rate. The APY calculations are based on the assumption that the dividends remain on deposit until maturity. A withdrawal will reduce earnings. Regulations prohibit dividends in excess of available earnings.
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. Dividends will not accrue on the certificate after the maturity date unless it is renewed. A penalty will be imposed for early withdrawal. A minimum daily balance of $500 must be maintained in order to earn the disclosed APY. View Truth in Savings Account disclosure.
If you already have a PSECU Business Account, add a certificate by completing our paper application.
To apply for a Business Certificate, you must open a Business Account.
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