Certificates

Certificates are available at terms of 6 months to 5 years. Certificate rates remain fixed for the term of the certificate, excluding Bump Rate certificates. Dividends are paid quarterly. Check with the Credit Union weekly for the most current certificate rates. There are substantial penalties for early withdrawal of certificate funds. *Minimum balance is reduced to $100 for members 0-23 years of age.

Note: Rates and terms are subject to change without notice. All rates quoted refer to Annual Percentage Yield (APY). Earned dividends are paid on entire balance in the account. Accounts, other than certificates, must remain open to the end of the dividend period to be paid dividends. Fees and charges may apply (and may reduce earnings) on the above accounts, please refer to the Fee Schedule for details. The Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union’s Board of Directors. Dividends are paid from current income and available earnings after providing for the required reserves and cannot be guaranteed. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. Dividends will begin to accrue on the business day the deposit is made to your account. Federal Regulations state that you may make up to six (6) preauthorize, automatic, telephone, audio response, personal home banking system transfers to another account of yours or to a third party during any calendar month. You may make unlimited withdrawals or transfers in person, by mail, or at an automated teller machine, or by telephone with a check mailed to you. NCUA – Your savings insured to at least $250,000 and backed by the full faith and credit of the United States Government by the National Credit Union Administration, a U.S. Government Agency.

Current Rates

General Conditions

Rates
Certificate rates are subject to change on Tuesday morning of each week; special rate offers are subject to change at any time. The Dividend Rate and Annual Percentage Yield on your accounts are set forth above. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. The Dividend Rate is fixed, excluding Bump Rate Certificates, and will be in effect for the term of the certificate. The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal will reduce earnings. Edge Certificate rates only available to members 0-23 years of age. Certificate RATES remain fixed for the term of the certificate, excluding Bump Rate certificates. Save to win certificates are only available to members age 18 and above.

Dividends
Dividends are paid from current income and available earnings after providing for the required reserves and cannot be guaranteed. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.

Crediting
Dividends will be credited quarterly. Once credited, dividends may be withdrawn without penalty. (IRA accounts and Save to Win Certificates may be subject to other restrictions, see agreements for details.)

Balance
The minimum balance required to open each certificate is set forth above. Dividends are calculated by the Daily Balance method, which applies a daily periodic rate to the principal. After your account is opened you may not make additional deposits to your account, except for our Add-On Certificates and Save to Win Certificates. Additional deposits of $500.00* or more are permitted at any time during the initial term of the Add On Certificate and additional deposits of any amount to Save to Win Certificates. Making additional deposits will not change the maturity date or other terms of the account. If the Add On Certificate or Save to Win Certificate is set to automatically renew, the Add On feature will continue for any renewal term

Accrual of Dividends
Dividends will begin to accrue on cash or non-cash deposits (e.g. checks) on the business day you make the deposit to your certificate.

Maturity
Your account will mature on the maturity date set forth on your Certificate Disclosure Statement. Certificates, excluding specials, have an automatic renewal feature at maturity.

Penalties
There are substantial penalties for early withdrawal of certificate funds. Early withdrawal of certificate funds is subject to a penalty of one half of the interest that would be earned over the original term of the certificate. The penalty is calculated on the amount withdrawn. Save to Win Certificate are subject to distinctive penalty rules.

*Wherever $500 is stated, $100 applies for members 0-23 years of age. Please refer to your certificate disclosure form for specific details.

Resources

Rates & Fees

View our current rates and fees that apply to all savings accounts, certificates, and IRAs.

IRS Information on IRAs

Find more info on issues involving contribution, deductions, tax advantages, and withdrawal restrictions use.

Savings Accounts

Peninsula Credit Union offers several savings accounts to meet our members’ needs

IRAs

We offer a variety of IRAs including Traditional IRAs, Roth IRAs, and Educational IRAs.

Scottie Savers

Scottie Savers is a unique program developed for children ages 0-12 to help teach the value of saving.

Savings Calculators

Use our savings calculators to see how investing is an effective strategy for accumulating wealth, see what it will take to reach your savings goals and more!