Share Certificates
Supercharge your earnings.
With great rates and secure growth, talk about a smart spot to park some money.
FREQUENTLY ASKED QUESTIONS
We've got answers.
- A share certificate is a type of savings account that pays a fixed interest rate over a specified term. This financial product is designed for members looking to earn higher returns on their savings while enjoying the security of a guaranteed rate.
When you open a share certificate, you agree to deposit your funds for a predetermined period. In return, you'll receive a fixed interest rate, which is typically higher than that of a regular savings account. At maturity, you can access your principal and the earned interest.
- Share certificates offer higher interest rates, predictable returns, and security with being insured by the NCUA up to $250,000.
- Open a share certificate account easily online, at a branch, or through video banking.
- While you can access your funds, early withdrawal from a share certificate could result in penalities, which may include forfeiting a portion of the interest earned.
- Flexibility means having options. Manage your accounts in a branch, online, over the phone, through chat, in-app, with Video Banking, and more.
- With our nationwide co-op ATM network, say goodbye to ATM fees and surcharges.
- As a credit union, we make decisions with a member-first approach. Your success is our success.
- Switching your account from another institution won't be a headache. Our free online tool, ClickSWITCH, will securely transfer direct deposits and recurring payments to your Y-12 Credit Union account.
- From financial wellness tools to tips and tricks, take advantage of a supportive team that has your back and wants to see you succeed.
RESOURCES
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1. Minimum balance to receive advertised rate is $10,000. Rates accurate as of 09/23/2024 and require $10,000 in new money not transferred from an existing Y-12 FCU account. APY is Annual Percentage Yield. Rates subject to change without notice. Penalties apply for early withdrawal. At maturity, accounts automatically renew at current rate unless changes are made during 7-day grace period. Federally insured by NCUA.
2. Minimum balance to receive advertised rate is $500. Rates accurate as of 09/23/2024 and require new money not transferred from an existing Y-12 FCU account. APY is Annual Percentage Yield. Penalties may apply for early withdrawal. At maturity, accounts automatically renew at current rate unless changes are made during 7-day grace period. This offer is for a limited time only and can be withdrawn at any time. Federally insured by NCUA.
3. Minimum balance to receive advertised rate is $500. Requires 50% of opening deposit to be new money, not transferred from an existing Y-12 FCU account. Rates accurate as of 09/23/2024. APY is Annual Percentage Yield. Qualifying share certificate for Loyalty Rewards redemption: Requires a $5,000 minimum opening balance and a minimum one-year term. At maturity, accounts automatically renew at current rate unless changes are made during 7-day grace period. Penalties apply for early withdrawal. This offer is for a limited time only and can be withdrawn at any time. Federally insured by NCUA.
4. Minimum balance to receive advertised rate is $500. Requires 50% of opening deposit to be new money, not transferred from an existing Y-12 FCU account. Rates accurate as of 09/23/2024. APY is Annual Percentage Yield. At maturity, accounts automatically renew at current rate unless changes are made during 7-day grace period. Penalties apply for early withdrawal. This offer is for a limited time only and can be withdrawn at any time. Federally insured by NCUA.
