36-Month Certificate Account
If maximizing your money's potential is on your agenda, look no further. Explore the benefits of our 36-month certificate - an ideal solution for those seeking a lucrative rate without the risks of market fluctuations.
- 36-month term
- $500 minimum opening balance
- Higher APYs for opening deposits of $50,000 and $100,000
- Available as an IRA
In addition to the link below, certificate accounts can also be opened online from the Accounts & Loans > New Acct / Loan App menus within Internet Banking and Mobile Banking, at any branch, or over the phone at 845.463.3011.
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By laddering, or staggering your certificate account maturity dates and amounts, you can ensure maturities for more liquidity in case of emergency or projected need. Laddering works to your benefit by helping you avoid penalties that occur from cashing out a certificate account before its maturity.
Explore Certificate Account Laddering
Certificate account laddering is a great strategy to avoid putting all of your eggs into one basket. Consider this example of opening five $5,000 certificate accounts instead of one $25,000 certificate account:
Year One: Open 5 certificate accounts, each for $5,000 for 12, 24, 36, 48, and 60-month terms.
Year Two: When the 12-month certificate account comes due, open another 60-month certificate account.
Year Three: When the 24-month certificate account comes due, open another 60-month certificate account.
And so on, so that you essentially have a certificate account maturing every year.
With the above strategy or "laddering", you’ll have access to some of your money at shorter intervals while still being able to take advantage of higher interest rates offered on longer term certificate accounts. You can also avoid unnecessary penalties that occur from cashing out longer-term certificates before maturity. If you need quick access to your funds, you’ll have an account maturing every year that you could choose to reinvest or put into a checking or savings account.
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Use our certificate accounts instructions form to manage the funds in a maturing certificate account or to instruct us how you’d like your certificate account dividends distributed.
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Receive a text or email notification via CUAlerts about when your certificate account is maturing. When setting up the alert, you can specify how many days in advance of the maturity you'd like to be notified. To set up this alert, access CUAlerts from within Internet Banking or Mobile Banking.
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Important Legal Disclosures & Information
1Rates are accurate as of 10/3/2024 and are subject to change without notice. APY=Annual Percentage Yield. The minimum balance to open a certificate account or IRA certificate account is $500. The minimum balance to open a jumbo certificate account or a jumbo IRA certificate account and earn the stated APY plus .05% is $50,000, or $100,000 to earn stated APY plus .10%. Fees or other conditions could reduce earnings on any account.
A substantial penalty will be imposed for early withdrawals of certificate accounts. All accounts are subject to the applicable terms and conditions set forth in the Truth in Savings Disclosure and Account Agreement, Truth in Savings Disclosure and Account Agreement for Certificates and IRA Certificates, the Fee Schedule, and any agreement to which the Truth in Savings Disclosure and Account Agreement references.