Certificates
Earn Higher Yields with Certificates of Deposit
Certificates of Deposit (CDs) are a secure, safe, and federally insured investment choice to increase your savings potential beyond your savings account. Our low minimum balance and flexible terms make it easy for all members to add a certificate of deposit to their investment portfolio. Details for our Certificates of Deposit include:
- Our redefined savings account offers a premium return for short term investing without locking up your money, or risking a penalty payment if you need to access money tied up in a short term Certificate.
- Certificate terms available from 18 months to 6 years.
- Low $500 minimum deposit to open.
- Generally earns a higher annual percentage yield than regular savings for long term investments.
If you think you need a shorter term Certificate – look no more! We’ve simplified short term savings with our one powerful savings account. Our redefined savings account offers a premium return for short term investing without locking up your money, or risking a penalty payment if you need to access money tied up in a short term Certificate. Learn more at WelcomeVermonters.com .
Meet Your Long-Term Savings Goals
Saving money in a certificate is a smarter way to earn more on your long term savings goals if you do not need immediate access to your funds. Investing in a certificate of deposit offers many benefits, including:
Saving money in a certificate is a smarter way to earn more on your long term savings goals if you do not need immediate access to your funds.
- Deposits are insured by the NCUA up to $250,000 aggregate per member.
- Dividends are compounded and credited monthly.
- Dividends can be reinvested into the certificate account, deposited into a savings account or sent to you via check.
- Earned dividends can be withdrawn without penalty.
- Rates are fixed for the duration of the certificate term.
- Penalties apply for early withdrawal. See truth in savings disclosure for more information.
Take control of your long-term investment plans, contact VSECU about adding a Certificate of Deposit to your investment portfolio today.
Questions about our Deposit Products? Ask here:
| Account Type | Minimum Daily Balance to Earn APY | APY | ||
|---|---|---|---|---|
| Eighteen Month | $500 | .60% | ||
| Two Year | $500 | .60% | ||
| Three Year | $500 | .85% | ||
| Four Year | $500 | 1.05% | ||
| Five Year | $500 | 1.40% | ||
| Six Year | $500 | 1.45% | ||
| Penalty for early withdrawal. Annual Percentage Yield (APY) subject to change without notice. Accounts compounded and credited monthly. View Rate Sheet for more requirements. | ||||
Open a Certificate of Deposit Online
You can apply to open additional savings or checking accounts as well as certificates online. You will have the option to fund these accounts from your existing VSECU accounts, another financial institution, by mail or in person.
Quick Tip:
If you are already a member and want to apply for a product online, it’s easier to apply once you’ve logged into our Online Banking. That way we can save you time by pre-filling the application with most of the mundane information we already have on file for you.
