Term Share Certificates (CDs)

A CD ladder is a strategy for investing in certificates of deposit (CDs) that involves dividing the money you want to invest into several equal amounts and investing those amounts in CDs with different maturity dates. This approach allows you to earn higher interest rates on longer-term CDs while still maintaining some liquidity through shorter-term CDs.

For example, if you have $10,000 to invest in a CD, you might divide it into four equal $2,500 investments and put one in a one-year CD, a second in a two-year CD, a third in a three-year CD, and a fourth in a four-year CD. This way, you can take advantage of the higher interest rates offered by longer-term CDs, but still have access to some of your money every year when the shorter-term CDs mature.

To find out if a CD Ladder strategy is right for you, or to open any Term Share Certificate, call 661.952.5945 or stop in at one of our branches.

Rates

Term Share Certificates earn generous dividends while you build your balance. Just let your money sit for the period of time that you choose, and collect your dividend earnings. Term Share Certificates feature:

  • No fees to open or maintain your account.
  • Minimum opening deposit – $1,000.
  • Terms from 6 to 60 months with an option to renew when the term ends.
  • Dividends earned daily and compounded quarterly.
  • Interest that can be paid to your Checking, Savings, or Certificate account.
  • IRA Certificates also available.
  • Accounts safe and insured up to $250,000.*

Your Certificate can even be used as collateral for a Secured Loan. Plus, deposit funds whenever you like. Ask about easy automatic deposit options.

* All savings insured up to at least $250,000 by the NCUA, an agency of the federal government. IRA certificates insured separately up to $250,000.

Types of Certificates

There are a variety of Certificates to choose from. With rates, terms, and features to meet every need, there’s a Certificate that’s just right for you. Contact Us today. Our team of professionals can help you plan for a bright future.

Share Certificates

  • Minimum deposit of $1,000*
  • Terms from 6 months to 5 years

IRA Certificates

  • Minimum deposit of $1,000*
  • Terms from 6 months to 5 years

 

* All deposits are insured up to $250,000 by the National Credit Union Administration a federal government agency. Annual Percentage Yields are subject to change without notice. Some penalties may apply for early withdrawal.

 

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