Share Certificate Account
Share Certificate Account
Choose your term and earn more on a Share Certificate Account.
Enjoy the Benefits of a Share Certificate Account
The Highest APY* Rates
Share Certificate accounts are insured, so you'll get better rates than with a standard savings account.
Low Minimum Deposit
Get started with just $500. Choose a 12-month Certificate to make more deposits any time.
Terms to Suit Your Goals
Share Certificates are available for three months up to three years so planning is simple.
Generous Youth Account
Start saving for your future now.
Traditional Certificate Details
- Minimum deposit of $500 or $250 for a Youth Account
- Terms from three months to 48 months
- Insured by the National Credit Union Administration (NCUA) up to $250,000
12-Month Certificate Details
- Minimum deposit of $500
- Unlimited additional deposits any time during the term
- Minimum of $100 for each extra deposit
For a limited time only!
| SPECIAL SHARE CERTIFICATES | ||||
|---|---|---|---|---|
| 7 Mos. Special Certificate1 (New Money) |
Rate | 3.93% | ||
| APY* | 4.00% | |||
|
11 Mos. Welcome Certificate2 |
Rate | 4.17% | ||
| APY* | 4.25% | |||
| 21 Mos. Anniversary Certificate3 | Rate | 4.55% | ||
| APY* | 4.65% | |||
See Our Great Share Certificate Savings Rates
| SHARE CERTIFICATES | 3 MOS. | 6 MOS. | 12 MOS. | 18 MOS. | 24 MOS. | 36 MOS. | 48 MOS. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Minimum Balance $500+ | Rate | 2.23% | 2.96% | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% | ||
| APY* | 2.25% | 3.00% | 3.15% | 3.15% | 3.15% | 3.15% | 3.15% | |||
| $250 (Youth Account) | Rate | 2.96% | 3.11% | |||||||
| APY* | 3.00% | 3.15% | ||||||||
*APY = Annual Percentage Yield. Share Certificates use simple interest on a daily basis, which applies the daily periodic rate to the balance in the account each day. Dividends are paid monthly.
1Special Certificate - For new money only. Funds must not currently be deposited with CommonWealth. This is a 7-month single term certificate and will NOT automatically renew at maturity. The funds will be transferred to your Regular Share Account at maturity and will earn dividends at the prevailing Regular Share dividend rate. Minimum Balance to open account and earn APY is $500. The maximum deposit limit is $250,000. After your certificate is opened you may not make additional deposits to the certificate. Share Certificates use simple interest on a daily basis, which applies the daily periodic rate to the balance in the account each day. Dividends are paid monthly. Limit one Special Share Certificate per member. Cannot be combined with any other Special Share Certificate.
2 Welcome Certificate - For new members only and must be opened within 15 days of membership. Funds must not currently be deposited with CommonWealth. This is a 11-month single term certificate and will NOT automatically renew at maturity. The funds will be transferred to your Regular Share Account at maturity and will earn dividends at the prevailing Regular Share dividend rate. Minimum Balance to open account and earn APY is $500. The maximum deposit limit is $250,000. After your certificate is opened you may not make additional deposits to the certificate. Share Certificates use simple interest on a daily basis, which applies the daily periodic rate to the balance in the account each day. Dividends are paid monthly. Limit one Welcome Share Certificate per member. Cannot be combined with any other Special Share Certificate.
3Anniversary Certificate - This is a 21- month single term certificate and will NOT automatically renew at maturity. The funds will be transferred to your Regular Share Account at maturity and will earn dividends at the prevailing Regular Share dividend rate. Minimum Balance to open account and earn APY is $500. The maximum deposit limit is $250,000. After your certificate is opened you may not make additional deposits to the certificate. Anniversary Certificates use simple interest on a daily basis, which applies the daily periodic rate to the balance in the account each day. Dividends are paid monthly. Limit one Anniversary Share Certificate per member. Cannot be combined with any other Special Share Certificate.
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"I love this bank! I've been a member for over 35 years and will continue to be. They are always helpful and informative whether on the phone or in person."
— Judy L.
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"CommonWealth Central Credit Union is awesome. Their tellers are so nice and If I have any questions they are always there to help in the branch and on the phone."
— Claudia O.
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"Their customer service is amazing and their online banking platform is very user-friendly. I highly recommend this credit union."
— Rebecca B.
FAQs about Share Certificate Accounts
- Is a Share Certificate Account the same as a Certificate of Deposit (CD) Savings Account?
- How much money do I need to start a Share Certificate Account?
- Can I add more money to my Share Certificate Account after my initial deposit?
- What happens if I need to withdraw my money before my term is up?
It's possible to withdraw your money ahead of time, but you'll need to pay a withdrawal penalty, which is 90 days of interest. The penalty is designed to keep you on track with your savings goals!
Other Useful Savings Tools
Holiday Club Account
With a minimum deposit of just $1, you can start saving for the holidays and spread the cost of family meals, gifts, and travel throughout the year to reduce Christmas stress. Earn interest on balances above $100!
Individual Retirement Accounts (IRA)
Putting money aside for retirement is a smart strategy. CommonWealth Central CU has several IRA offerings to meet your needs and you can open an IRA today with as little as $100.
WealthMatters
Our online financial education tool offers a fun interactive learning experience. Choose from a range of short modules to learn how to start saving money, build an emergency fund, create a budget, and much more.
