What’s a Certificate and How to Use It


What’s a Certificate?

Certificates help you grow your money faster. They are a type of insured savings account that earns money on a fixed amount for a period of time ending on the maturity date. At Family Trust, terms may run from a month to five years. The certificate owner agrees to leave their money alone for the full term, or face penalties for early withdrawal. The longer the term, the higher the potential dividends. In short, a certificate is an interest-earning way to save for a set term.

Why Get a Certificate?

If you’ve got cash you can comfortably lock up for a while, share certificates generally provide a better yield than a regular savings account. Also, whatever you invest is safe and insured up to $500,000 with NCUA and ESI. Certificates offer security during uncertain economic times so, no matter what happens in the markets, your investment will continue to earn.

Who Should Get a Certificate?

Parents and grandparents can dedicate certificates for a child’s higher education. You could use a certificate for a few years to help save for a down payment on that first home or car or build an additional retirement fund. At any age, certificates can help save money to reach your financial goals. Learn more about all of the certificate options Family Trust offers.

Special Offer – 9-month certificate has a “Big Rate and Short Term”

  • Earn 1.20% APY1 with $0 – $19,999 minimum balance
  • Earn 1.50% APY1 with $20,000 – $99,999 minimum balance
  • Earn 1.75% APY1 with $100,000 minimum balance
  • Open with as little as $500
  • Your funds are insured up to $500,000
  • Savings compounded quarterly

Learn more about this special offer, and call to open over the phone or visit a local branch today!

1 Federally insured by NCUA. APY = Annual Percentage Yield correct as of 8/13/18. APY highest available dividends tier of $100,000. Dividends are compounded and credited quarterly. Rate offered is subject to change without notice. Any withdrawal prior to maturity will reduce earnings. A penalty is imposed if certificate funds other than earned dividends are withdrawn before the maturity date. Minimum deposit of $500 required to open.