Savings Certificates
Current Specials
Put Your Money to Work While you Enjoy Your Day.
Safe and Steady!
For investors who want steady guaranteed growth and the peace of mind of Federal Insurance, a Savings Certificate is the perfect choice. Savings Certificates are a tried and trusted investment vehicle for many Americans and you will never worry about upfront fees and commissions.
High Returns
Since you’re investing for a fixed term, we can pay you a much better interest rate than most other “liquid” savings accounts.
Flexible Terms, Great Rates and Just a $500 Minimum Deposit
Our Share Certificates pay a highly competitive rate of return. Terms range from 6 months to 60 months with a minimum investment of $500.00. Dividends are paid monthly. You have the option of having interest compound on the certificate or be transferred to your share or checking account.
Special – Flex Savings Certificates
If you’d like start investing in savings certificate, start with a “Flex” Savings Certificate. You can open the with just $500!
- Minimum / Maximum Balance by type:
- Type A = $500.00 – above
- Type B = $2,000.00 – above
- Type C = $25,000.00 – above
- Type D = $50,000.00 – above
* 12 month terms
* Unlimited deposits in $200.00 increments
* One Withdrawal per calendar month
* Must remain above minimum balance for type requested
Youth Savings Certificate
For youth between the ages of 0-17 a “Youth” Savings Certificate can be oped with a $100 minimum opening deposit.
Federally Insured and Absolutely Safe
And just like your Share Savings account, all Savings Certificate accounts are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
- Your account is Federally Insured to $250,000. Review coverage.
Savings Certificates
| Term | Min Balance | APY* | Div Rate |
|---|---|---|---|
| 6 mos | $500 | 5.25% | 5.13% |
| 9 mos | $500 | 5.25% | 5.13% |
| 1 yr | $500 | 5.25% | 5.13% |
| 18 mos | $500 | 4.50% | 4.41% |
| 2 yrs | $500 | 2.80% | 2.76% |
| 3 yrs | $500 | 3.75% | 3.69% |
| 4 yrs | $500 | 3.75% | 3.69% |
| 5 yrs | $500 | 3.75% | 3.69% |
| IRA CD | Above rates+.10% | Above rates+.10% | |
| Effective | 10/1/2023 |
IRA CERTIFICATE RATES - Same rate as above plus 0.10%.
Youth Account CD: Ages 0-17 have the option of opening a certificate in their account with a $25.00 minimum opening deposit. Subsequent deposits must be a minimum of $25.00. You can deposit up to $10,000.00 during the term of the certificate. Rates on Youth Certificates are the same as the Regular Certificate Rates.
Early Withdrawal Penalty - An early withdrawal penalty will apply to any certificate cashing in before the maturity date. A 90 day loss of interest penalty will apply top any certificate with a term of 12 months or less. A 180 day loss of interest will apply to any certificate with a term of 13 months or more. The penalty is calculated as a forfeiture of part of the interest that has or would be earned on the account with a minimum of $15.00. It applies whether or not the interest has been earned. The penalty may be deducted from the principal if no interest has accrued. There are certain circumstances, such as the death or incompetence of any owner, where we may waive a reduce this penalty.
Renewal Policy: Your certificate will be automatically renewed at maturity for another term. You have a grace period of ten (10) days after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty. You may elect not to have your certificate renewed automatically.
Nontransferable: Your certificate is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation except with the credit union. IRA certificates cannot be pledged on any loans due to government requirements.
Compounding & Crediting: Dividends will be compounded monthly and credited monthly. The dividend period is monthly. The certificate will begin earning interest on the first day of the deposit and end on the date of maturity. Interest is calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day. You have the option of having the interest compound on the certificate or be transferred to your share or checking account. If you closed your account before dividends are paid, you will not receive the accrued dividends.
Minimum Balance Requirements: The minimum balance requirements to open an account and to obtain the disclosed annual percentage yield are set forth herein.
Transaction limitations: You may not make additions into a Regular Certificate or IRA Certificate account after it has been initially funded. Exceptions apply. You may elect to have dividends transferred automatically to another account at the credit union. You may elect to have your dividends mailed to you by check.
Maturity: Your certificate account will mature on the maturity date set forth on your account receipt or maturity notice.
Next Steps
- Check Our Certificate Rates
- Your account is Federally Insured to $250,000. Review coverage.
- Join Utah Heritage Credit Union
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