Share Certificate Account
Take control of your financial future by choosing a Share Certificate that fits your goals. With flexible terms and competitive rates, you’ll enjoy secure growth and predictable earnings—making it easier to plan ahead with confidence.
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 | 3.69% |
| APY* | 3.75% | |
| 9 Mos. Special Certificate2 (New Money) | Rate | 3.93% |
| APY* | 4.00% | |
| 11 Mos. Welcome Certificate3 (New Members Only) | Rate | 3.93% |
| APY* | 4.00% | |
| Share Certificates | 3 Mos. | 6 Mos. | 12 Mos. | 18 Mos. | 24 Mos. | 36 Mos. | 48 Mos. | |
|---|---|---|---|---|---|---|---|---|
| Minimum Balance $500+ | Rate | 2.37% | 3.20% | 3.35% | 2.96% | 3.25% | 3.06% | 2.72% |
| APY* | 2.40% | 3.25% | 3.40% | 3.00% | 3.30% | 3.10% | 2.75% | |
| $250 (Youth Account) | Rate | N/A | 3.20% | 3.35% | N/A | N/A | N/A | N/A |
| APY* | N/A | 3.25% | 3.40% | N/A | N/A | N/A | N/A |
Open a Share Certificate!
Schedule AppointmentShare Certificate FAQs
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Is a Share Certificate Account the same as a Certificate of Deposit (CD) Savings Account?
Yes, they're the same! But because credit union members are also shareholders, we use the term "share" to describe our accounts.
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How much money do I need to start a Share Certificate Account?
You need to make a minimum deposit of $500 to get started -- then sit back and watch it grow! If you or a family member are under the age of 17, you need just $250 to start a Youth Account.
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Can I add more money to my Share Certificate Account after my initial deposit?
Yes, if you choose the 12-month Certificate Account, you can make as many additional deposits as you like. Each extra deposit needs to be at least $100. It's a great way to reach your savings goals faster.
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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!
More Paths to Financial Growth
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.
*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.
17-Month Special 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.
29-Month Special Certificate - For new money only. Funds must not currently be deposited with CommonWealth. This is a 9-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.
3Welcome 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.
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