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 GOLD Credit Union's 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.
Why CDs 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.
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 09/01/2019
|Term||Minimum Deposit||Dividend Rate||APY|
Penalties for Early Withdrawal*
Any Share Certificate early closeout may impose a penalty. If the maturity of the certificate is one year or less, the penalty is equal to 90 days dividends whether earned or not, plus a $25 early withdrawal penalty. If the maturity is more than one year, the penalty is equal to 180 day’s dividends whether earned or not, plus a $25 early withdrawal penalty.
*Penalties may not be applied under certain circumstances.
Credit Union eligibility and Membership are required prior to opening a Certificate. Minimum $500 opening and balance requirement. 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 funds are withdrawn before a Certificate maturity date. 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.