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Interest rates on Share Certificates vary and are based on the term of the certificate and on the opening balance of the certificate.
| Term | APY* | Earn More APY** |
|---|---|---|
| $500 - $49,999 | ||
| 6 Months Regular | 3.00% | 3.25% |
| 12 Months Regular | 3.50% | 3.75% |
| 18 Months Regular | 3.10% | 3.35% |
| 24 Months Regular | 3.35% | 3.60% |
| 36 Months Regular | 3.15% | 3.40% |
| 48 Months Regular | 2.90% | 3.15% |
| 60 Months Regular | 2.75% | 3.00% |
| $50,000 and above | ||
| 6 Months Mini-Jumbo | 3.05% | 3.30% |
| 12 Months Mini-Jumbo | 3.55% | 3.80% |
| 18 Months Mini-Jumbo | 3.15% | 3.40% |
| 24 Months Mini-Jumbo | 3.40% | 3.65% |
| 36 Months Mini-Jumbo | 3.20% | 3.45% |
| 48 Months Mini-Jumbo | 2.90% | 3.15% |
| 60 Months Mini-Jumbo | 2.80% | 3.05% |
| Special Offers | ||
| 15 Month Share Certificate^ ($500-$50,000) | 4.00% | n/a |
Term Certificate accounts may be subject to penalties for early withdrawal. *Rates quoted as Annual Percentage Yield (APY). Any APY provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account. **The Earn More rate is applied to certificates opened by members who have open checking accounts. If you do not have a checking account, the lower "standard" rate will apply. If you open a checking account after a certificate is opened, the Earn More rate will apply only when the certificate renews. ^ Not available for the Earn More rate even if the account has an associated checking account. Limited to two per member. Maximum allowed balance is $50,000. At the time of renewal, if the value is $49,999.99 or under, the certificate will renew into a 12 month Share Certificate and by subject to the rate available at that time. If the value is $50,000.00 or more, it will renew into a 12 month Mini-Jumbo Share Certificate and be subject to the rate available at that time. In the event that you qualify for Earn More at the time of renewal, it will be added. FedChoice Federal Credit Union reserves the right to discontinue this offer without further notice to you. All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Association (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation. | ||
A Share Certificate is a savings certificate entitling the bearer to receive interest. A certificate bears a maturity date, a specified fixed interest rate and can be issued in any denomination. When you open a certificate, your money is on deposit for a specific time period. For agreeing to keep it on deposit for a specified time period, you earn more than you would in a regular savings account. If you cash it in before its maturity date, you pay a penalty.