Certificates

A Smart Investment for Your Future

 

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At Webster First Federal Credit Union, we understand you've worked hard for your money. We think your money should work just as hard for you. Our certificates offer competitive rates, which help you earn higher interest, in a secure way that keeps your investment safe.

 

 

 

 

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Security You Can Trust

 

  • Certificates are federally insured by NCUA
  • Rates are locked in at opening and guaranteed for the term of the certificate

 

 

 

 

 

 

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Earn More for Your Money

 

  • Enjoy higher rates of return than with traditional savings or club accounts
  • Certificate rates are kept competitive to earn you more
  • Interest is compounded daily and posted monthly
  • Interest may be transferred to another share account or mailed to you without penalty

 

 

 

 

Current Rates

 

Rates subject to change without prior notice. Fees may reduce earnings where applicable. Rates current as of December 15, 2018.

 

Certificates

Type

Rate

APY*

Min. Balance

3 month

0.55%

0.55%

$1,000.00

6 months

0.80%

0.80%

$1,000.00

12 months

1.65%

1.66%

$500.00

18 Months - Minimum of $10,000 in new money, limited time offer

2.50%

2.53%

$10,000.00

24 months

1.85%

1.87%

$500.00

36 months

2.00%

2.02%

$500.00

48 months

2.25%

2.28%

$500.00

60 months

3.00% 3.04% $500.00

*APY = Annual Percentage Yield. Penalty may be imposed for early withdrawal. Compounds daily.

 

 

 

Early Withdrawals

 

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 interest
  • Certificates with terms of more than 1 year: 3 months' interest