Give your money more muscle
Investing can be risky. With a share certificate, GOLD Credit Union removes that risk and earns you guaranteed savings at a higher rate than a standard GOLD Share Savings Account.
A share certificate is the credit union version of a certificate of deposit, or CD. You commit to keeping your deposit in your account for a certain period of time — and those funds earn dividends over the course of the term. As long as you don't withdraw funds, you're able to calculate your dividends upon maturity at the onset of your investment.
If you want to give your savings an extra boost, try certificate laddering. Invest in multiple certificates: some long-term and some short-term. Strategically staggering your maturity dates allows for your money to become regularly available, while maintaining a great blended rate.
Why certificates make sense
You can open a share certificate on any Member account and enjoy these benefits:
- Guaranteed rate of return
- Short- and long-term investment options with terms from 6 to 60 months
- Low initial opening deposit of $500
- No setup or maintenance fees
- Dividends earned monthly and paid according to your preference*
- Federally insured up to $250,000 by the NCUA
*You can choose to reinvest your dividends back into your Share Certificate or have it paid out monthly, either as a check mailed to you or as an automatic transfer to another GOLD account.
One-day-only backward rates!
January 31, 2020 is National Backward Day. What will you do backward to celebrate? Wear your clothes the wrong way around? Type emails in reverse? Talk like Yoda?
We'll be celebrating at GOLD by making the dividend rate on 6 and 12-month share certificates backward. These special rates last one day only or until we hit $1,000,000 in new certificates; limit of $25,000 per Member. Call, stop by, or open online on Friday, January 31. To open online, log into GOLD Online Banking and select "Account Services" then "Open a Sub Account."
Backward Day Rates
- 6-Month Share Certificate: 2.23% APY1
- 12-Month Share Certificate: 2.64% APY1
Earn competitive dividends
GOLD Credit Union offers share certificates with terms from 6 months to 5 years with a lower minimum deposit than you've likely seen elsewhere. Additional deposits are not permitted during the term.
Dividends vary, depending on the term length. Review the table below for our current dividend rates. Dividends are paid on the actual amount of the share certificate and are compounded monthly if you've chosen to reinvest your dividends into your Share Certificate.
Dividend Rate per Annum is the Annual Percentage Yield (APY). The APY assumes dividends remain on deposit until maturity. Any withdrawal of dividends may reduce earnings.
Rates are effective as of 01/01/2020
|Term||Minimum Deposit||Dividend Rate||APY1|
|Backward Day 6 months||$500||2.21%||2.23%|
|Backward Day 12 months||$500||2.61%||2.64%|
1 APY=Annual Percentage Yield. All rates are subject to change at any time without notice. Six (6) and twelve (12) month backward day rates are available on 1/31/20 only; limit of $25,000 per Member. Minimum $500 opening and balance requirement. APY is based on the assumption that dividends will remain in the account until maturity and the minimum balance is maintained. After a certificate is opened, you cannot make additional deposits into the account. A withdrawal request will reduce earnings and will result in certificate closure. A penalty will be imposed if you withdraw funds before a certificate maturity date. Fees may decrease earnings on deposit, see fee schedule for details. See credit union for additional terms and conditions
Your money is safe with us
Part of what makes share certificates so attractive is that they're a reliable investment choice. As share products, they give you peace of mind, as you know your funds are protected at all times. All GOLD Share Certificates are federally insured by the National Credit Union Association (NCUA), a U.S. government agency. Each account is insured up to $250,000.