Certificates
Looking for some flexibility when it comes to your savings goals? We've got you covered! Choose the term that best fits the needs of your business.
In this case, time really is on your side
Standard Certificates
Save for six months. Or 60 months. Or somewhere in between. At Commonwealth Credit Union, you can time your Certificates to meet any financial goal. Whether you're saving for a big purchase next year, your child's future, or your own retirement, our higher rates are definitely worth the wait. Track your money's growth through Online Banking.
- Our regular Certificates range from 6 to 60 months
- $500 minimum deposit
- In general, longer-term Certificates pay higher rates
- Dividends paid monthly ($10,000 required for monthly dividend check)
- Receive quarterly statements
- Renewal options available
- Premature withdrawals penalties may apply
New Money Certificate
Starting a new relationship with us comes with its perks! Our New Money Certificate is designed to get the ball rolling and become a solid foundation for your financial journey.
View the current New Money Certificate rates here(Opens in a new Window).
Jumbo Certificates
Keep your savings safe - lock in a jumbo rate! It's easy to take risks when you're first starting your savings journey, but once you become a big dog, you need guaranteed rewards because you have so much to protect. Jumbo Certificates from Commonwealth Credit Union come with jumbo rewards!
View the current Jumbo Certificate Rates here(Opens in a new Window). To open a Jumbo Certificate, stop by your local branch.
Wealth Development Certificate
Start out small and build up your balance with monthly deposits. In a few years, you'll end up with far more than you started with.
- Flexible certificate with 5.00% APY*, paid annually**
- $5 initial deposit and a $20 monthly minimum deposit required to earn the stated APY
- 24- or 48-month terms available
- 24-month term has a monthly maximum deposit of $400
- 48-month term has a monthly maximum deposit of $200
- Required monthly contribution transfer from account once per month
- One withdrawal allowed within a 90-day period***
*Annual Percentage Yield. Accurate as of July 1, 2023. Early withdrawal penalties may reduce earnings. Funds transferred to a regular savings account at maturity.
**Dividend paid on the anniversary of the open date.
***A subsequent withdrawal in the same 90-day period will be subject to an early withdrawal penalty and the certificate will be closed. Insured by NCUA.
