Grow Financial Federal Credit Union
Woman wearing glasses sits at a desk with a laptop writing in a notebook with "Save More With A Certificate Account" text overlayed on the top left
January 12, 2023

Save More with a Certificate Account

Rates are rising, and that means there’s no better time than the present to maximize your extra savings. If you’ve got $500 or more just sitting around, consider opening a Certificate Account to save more with better rates.1

Earn better rates, worry-free.

Some credit unions call them Share Certificates. Banks have a similar product called Certificates of Deposit. We call them Certificate Accounts. No matter what term you’re using, you’re on the right track if you’re considering a Certificate Account as a way to save more. Why? Certificate Accounts earn higher rates without the risk associated with other investment options such as stocks and mutual funds.

Let’s say you have some extra cash that you don’t need to use for a while, and you’re looking to earn better rates. That’s where a Certificate Account comes in. With Annual Percentage Yields up to 3.90% for a five-year Certificate Account, you’ll save more compared to your Basic Savings.2 For example, if you put $2,000 into a five-year Certificate Account at 3.90% APY, you’d earn $421.63 on that money — just from letting it sit and grow. The best part? There’s no risk of investment loss. Earn higher rates without higher risk. That’s a win-win.

Avoid fees by choosing the right term length.

The one caveat? You can’t touch the money while it grows for the agreed-upon term, or you’ll pay a fee for early withdrawal. At Grow, you can choose a custom term length, anywhere from six months to five years, which makes this account flexible for different situations. Need the money a year from now? Choose a shorter term length. Have lots of time? Choose a longer term length to earn even higher rates. Check out our current rates now.

Ready to save more?

Opening a Certificate Account is fast and easy. You can visit any Grow store or open a certificate account quickly through Grow online and mobile banking.3

Become A Grow Member

Open A Certificate Account in Online Banking
Existing Grow Members

1Accounts are subject to approval. A penalty will be imposed for early withdrawals.
2The APY (annual percentage yield) is accurate as of 1/10/2023 and is subject to change. Fees could reduce earnings on the account. Minimum amount to open the certificate account is $500. You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed APY. If your account falls below the minimum balance requirements, your account will be closed.
3Additional data charges may apply. Please see your wireless carrier for more information.


Posted In: