3 Reasons to Open a Certificate

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Certificates are time-based savings accounts that typically earn a higher APY* than a traditional savings account. When you open a certificate, you agree to a certain term (12, 24, 36, 60 months, etc.). Over that term, you don’t have access to the funds in your certificate, allowing the financial institution to offer higher APYs on the account for greater savings growth. 

Here are our top 3 reasons why you should consider opening a certificate account:

1. Your Certificate is Protected. When you open a certificate account, you’re investing in yourself – not the stock market. Your certificate is guaranteed to earn a specified annual percentage yield, so you know exactly how much you’ll earn over time. There’s no risk losing money on your investment. Plus, all of our certificate accounts are federally insured up to $250,000 by the NCUA.

2. Earn a Higher APY. Certificate accounts almost always earn a higher APY than a traditional savings account. This is because when you open the certificate, you’re committing to keep your funds in the account until the certificate matures or expires. If you have extra funds that you know you won't need access to for the next several months, it may be worth setting them aside to earn higher returns.

3. Portfolio Diversity. Investors typically diversify their portfolios by having different types of investments. Some may earn higher returns, but they are more risky and depend on the state of the economy. Others (like certificates) offer a competitive rate for no risk. Consider adding a Certificate account to your investment portfolio, starting with as little as $500.

Get Started with just $500

Earn 4.00% APY on 12-month Certificates!

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*APY = Annual Percentage Yield. APYs are accurate as of 7/1/25. Penalties may be imposed for early withdrawal of certificate.