Share Certificate

Share Certificate

  • Overview
  • Flex Rate: 30 Month
Overview

Open a share certificate with a minimum balance of USD 500 to earn a fixed dividend rate that is typically higher than a savings or checking account, and is insured by the NCUA.

To earn the full dividend on a share certificate, you are required to keep your funds in the account for the term of your certificate. We offer various terms to best suit your needs.

For certificates with terms of 18 months or less, you can withdraw your funds without incurring early withdrawal penalties1 if you use the funds towards a:

For all other terms and uses, early withdrawal penalties will apply.

To provide you with even more flexibility, our 30 month certificate now offers a flex rate option.

To open a share certificate:
  • Log on to internet banking
  • Select “Online Forms” from the top navigation
  • Complete and submit the “New Share Certificate” form under Accounts
Flex Rate: 30 Month

The 30 month share certificate offers a flex rate option. With this option, if UNFCU increases its 30 month share certificate rate during your initial 30 month term, you have the flexibility to request a one-time rate increase*.

Your rate will be changed to the prevailing 30 month share certificate rate on the day we receive your request and will be in effect from that day until the share certificate maturity date. This flex rate option is not available for renewal terms.

A minimum balance of USD 500 is required to open the 30 month flex rate share certificate. To earn the full dividend, you are required to keep your funds in the account for the 30 month term. Early withdrawal penalties will apply.

To open a share certificate:
  • Log on to internet banking
  • Select “Online Forms” from the top navigation
  • Complete and submit the “New Share Certificate” form under Accounts
To exercise your one-time flex option* on the 30 month share certificate:
  • Log on to internet banking
  • Select “Online Forms” from the top navigation
  • Complete and submit the “Flex Share Certificate Rate Change” form under Accounts
  1. Early withdrawal penalties will be waived when funds are used for a new home purchase financed by UNFCU or a new investment product offered by UNFCU or its affiliates, if the share certificate has been open and funded for at least six days. The early withdrawal penalty for certificates closed within the first six days of funding is seven days of simple interest.

*The flex rate option on the 30 month share certificate was introduced on 22 October 2015 and is not available for certificates opened prior to this date. Flex rates may not be converted to promotional rates or any other special offers. After the flex rate feature has been exercised, the new dividend rate will be reflected in the statement of the month that the option was exercised. You will not receive an additional share certificate receipt upon exercising your flex rate option. The one-time rate conversion option must be exercised within the initial 30 month term and cannot be carried over into a renewal term.

Share Certificate
(60 Month) Account

1.75
%
APY

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