No one wants to play around with their savings. You work hard for your money, and if you’ve built up a sizable nest egg. Now, you’ll want to park it somewhere safe where it will have the best chance at growth.
If you’re looking for a place to keep your savings, a share certificate at County Federal can be a fantastic option. These accounts offer the best of both worlds when it comes to savings — blending the growth you’d expect from a stock with the security of a savings account.
Here’s why this savings product might be the perfect choice for you:
A share certificate is a federally insured savings account with a fixed dividend rate during a fixed date of maturity. The dividend rates of these accounts are usually higher than those on savings accounts, but you’ll have more limited access to the funds. Most certificates will not allow you to add any money to the certificate after you’ve made your initial deposit and you won’t be able to withdraw your funds before the maturity date without paying a penalty.
You’ll need to meet some basic requirements before you can open a certificate, including a minimum opening balance and a commitment to keep your money in the account for a set amount of time. The specifications of these requirements vary with each institution. In general, though, the more money you invest in a certificate and the longer its maturity term, the higher the dividend rate on the certificate.
A share certificate is best for individuals who have a separate emergency fund to cover those surprise expenses. Before you open a certificate, make sure you won’t need to access the funds before the maturity date.
Have you chosen to keep your savings in a share certificate? Get started with a County Federal certificate today. Click here to see the latest certificate rates and limited offers.
| Account Type & Term | Rate Type | Minimum Opening Balance | Minimum Earning Balance | Stated Dividend Rate | Annual Percentage Yield | Calculator |
|---|---|---|---|---|---|---|
| Term Share Certificates | ||||||
| 3 Month Share Certificate | Fixed | $500 | $500 | 2.50% | 2.52% | |
| 6 Month Share Certificate | Fixed | $500 | $500 | 2.75% | 2.78% | |
| 12 Month Share Certificate | Fixed | $500 | $500 | 3.50% | 3.55% | |
| 24 Month Share Certificate | Fixed | $500 | $500 | 3.25% | 3.29% | |
| 36 Month Share Certificate | Fixed | $500 | $500 | 3.00% | 3.03% | |
| 48 Month Share Certificate | Fixed | $500 | $500 | 3.00% | 3.03% | |
| Term IRA Certificate - Traditional, Roth, and Coverdell (ESA) Term IRA Certificates | ||||||
| 6 Month Term IRA Certificate | Fixed | $500 | $500 | 2.75% | 2.78% | |
| 12 Month Term IRA Certificate | Fixed | $500 | $500 | 3.50% | 3.55% | |
| 24 Month Term IRA Certificate | Fixed | $500 | $500 | 3.25% | 3.29% | |
| 36 Month Term IRA Certificate | Fixed | $500 | $500 | 3.00% | 3.03% | |
| 48 Month Term IRA Certificate | Fixed | $500 | $500 | 3.00% | 3.03% | |
| Youth Roth IRA and Youth ESA Term IRA Certificate | ||||||
| 12 Month IRA Certificate | Fixed | $500 | $500 | 3.50% | 3.55% | |
| Limited Time! – 5 Month Certificate* | ||||||
| 5 Month Certificate | Fixed | $500 | $500 | 4.43% | 4.50% | |
*Annual Percentage Yield (APY) is accurate as of 10/01/2024. APY assumes interest remains on deposit until maturity, any withdrawal will reduce earnings. The 5-Month Certificate (Share Only) requires a $500 minimum deposit. Certificates must be partially funded by new money (50% or more). Excludes IRA and ESA certificates. An Early Withdrawal Penalty will apply for withdrawal before the maturity date. Certificate accounts are subject to membership eligibility, terms, and fees. Certificate account will automatically renew at maturity to the 6-month certificate fixed rate in effect at that time unless you withdraw all the funds in the account at maturity or within a grace period of 6 days after maturity. Santa Clara County Federal Credit Union (SCCFCU) reserves the right to cancel or modify this offer at any time without prior notice. This is a limited time offer. Valid 10/01/2024 - 10/25/2024.
(1) The dividend rate and annual percentage yield stated for the term accounts listed are offered within the most recent seven calendar days and were accurate as of the above date. An Early Withdrawal Penalty will apply for withdrawal before the maturity date. Certificate Accounts are subject to approval, terms, and fees. Your savings federally insured to at least $250,000 by the National Credit Union Share Insurance Fund, administered by the NCUA and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
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Routing Number: 321176972
NMLS# 415778
