By committing your funds for a specific period of time, you get a higher fixed dividend (or interest rate) than you would with a regular savings account. Lock in a great rate and guaranteed savings with 3-, 6-, 12-, 24-, 36-, 48- and 60-month Certificates that grow your balances over time.
For current Alternatives members, please login to online banking and choose to add an account.
Details
- Fixed dividend rates, higher than regular savings
- Receive higher rates by selecting a longer term
- Provides more guarantee than other risky investments
- Set aside for future savings goals
- A wide range of terms available (from 3-60 months)
- No setup or maintenance fees
- Early withdrawals subject to penalty*
- Renews automatically upon maturity**
- Free online access
- Free mobile access
- Free eStatements
- $500 minimum deposit to open
*We will impose a penalty if you withdraw any of the principal from a certificate. The amount of the penalty varies based on the term of the account. For 3–18 month terms, the penalty is 90 days earned dividends. For 24–60 month terms, the penalty is 180 days earned dividends.
**This account automatically renews at maturity. A notice will be sent to members 40 days before maturity. If you do not provide instructions for renewal of the account at maturity, your deposit will be rolled over into a new certificate of the same term length, at the current rate.