Certificates earn a fixed rate of interest for a specific term from 6 to
60 months. Minimum deposit amounts and terms vary. Certificates are
available by phone, in person, or by mail. Check
our current rates, minimums, and terms. For those members who want to establish a
certificate account and make additional deposits in order to grow the
account, we offer a special certificate account that may be initiated
with as little as $100. You may add to the balance of this CD without
advancing the maturity date or changing the rate. Penalties are imposed
for early withdrawal of certificate funds.
Have Your Cake & Eat It Too
Earn higher dividend rates and still have access to cash with a certificate "ladder" at your credit union. Here's how:
Let's say you have $2,500. Deposit $1,000 in a 6-month certificate, $1,000 in a 12-certificate, and $500 in an 18 month add-on certificate (a certificate that you can add money to without advancing the due date, changing the rate or obtaining a penalty).
Every six months when a certificate matures, if you don't need the cash, roll the principal plus
dividends into another certificate. Continue until all your certificates are the longest term.
Take it a step further, and have your payroll allotment or net check deposit changed over to FFCU. By having your money directly deposited to the account, you can set up automatic transfers not only into your savings accounts, but also into our add-on certificate. Over
time, those little deposits combined with FFCU's great rates add up to a big
savings!