Why choose a high-yield share certificate?
Our high-yield share certificates are designed to help you make the most of your hard-earned money while ensuring your savings stay safe. Here's how you benefit:
Earn higher rates than traditional savings accounts and even some money market options. Get rewarded for locking in your savings.
Certificates are insured by NCUA up to $250,000, with additional coverage by MSIC for amounts beyond that. You can rest easy knowing your money is safe.
With your rate locked in at opening, you’ll know exactly how much you’ll earn over the term of your certificate.
Current certificate rates
| Type | Dividend Rate | APY2,8 | Min Balance |
|---|---|---|---|
| 3 Month | .75% | .76% | $1,000 |
| 4 Month Special | 3.92% | 4.00% | $1,000 |
| 6 Month | 3.68% | 3.75% | $1,000 |
| 12 Month | 3.00% | 3.05% | $500 |
| 24 Month | 1.50% | 1.51% | $500 |
| 36 Month | 1.50% | 1.51% | $500 |
| 48 Month | 1.50% | 1.51% | $500 |
| 60 Month | 1.50% | 1.51% | $500 |
Certificate Calculator
FAQs
How do high-yield share certificates work?
When you open a share certificate, your money is held securely for a set term, earning dividends that compound daily and are posted monthly. Withdrawals before the term ends may incur a penalty, but dividends can be directed to another account without penalty. Dividends can be transferred into another share account or mailed to you without penalty.
Once your certificate has matured (meaning the term is over) you may withdraw your funds or roll them over into another certificate.
Can I withdraw early?
Share certificates help you earn such a high rate since the funds are “locked in” for the term. Early withdrawals may be made if needed, but a penalty will apply. Penalties are as follows:
- Certificates with terms of 1 year or less: 1 month’s dividends
- Certificates with terms of more than 1 year: 3 months’ dividends
Can I open a share certificate if I’m not currently a Webster First member?
Yes! You can open a share certificate by becoming a Webster First Federal Credit Union member. Membership is available to those who live, work, worship, or attend school in Essex, Middlesex, Suffolk, or Worcester counties.
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Start earning more today
Join thousands of members who trust Webster First for their financial needs. Open your share certificate now and take the next step toward a smarter financial future.