Certificates

Share Certificates are time accounts that earn higher dividends for investing long-term. Choose your own investment period ranging from 3 months to 60 months at CPM Federal Credit Union.

Requirements:

Main Savings Account
$250 minimum deposit

Benefits:

  • Earns higher dividends than traditional savings accounts
  • No annual fees
  • No monthly service charge
  • Quarterly statements
  • Quarterly dividends
  • Ten day grace period at maturity
  • Early withdrawal penalties may apply

Youth Certificate

For members ages Newborn - 18 years old. Available terms: 3 months to 2 years

Requirements:

Credit union membership
Main Savings Account with $5 minimum balance
$100 minimum deposit

Benefits:

  • No annual fees
  • Dividends paid quarterly
  • Quarterly statement
  • No monthly service charge
  • Ten-day grace period at maturity
  • No withdrawals except at maturity and during grace period
  • Penalty for early principal withdrawals
  • Certificates do not automatically renew since the certificate is contingent upon age of member
  • Member can make deposits to the certificate at anytime up to a maximum of $3,000
  • Member can withdraw dividends at anytime
  • May find account information by accessing PAL, CPM Anytime Online Banking or CPM Mobile Banking*

*Mobile phone carrier fees may apply

 

Share Certificates

DescriptionTermDividend RateAPY
1-5 months0.08%0.08%
6-11 months0.10%0.10%
12-23 months0.20%0.20%
24-35 months0.30%0.30%
36-47 months0.40%0.40%
48-59 months0.55%0.55%
60+ months0.75%0.75%
Youth and Young Adult Savings Certificates3 month0.08%0.08%
6 month0.10%0.10%
12 month0.20%0.20%
24 month0.30%0.30%
Share Certificates (IRA)1-5 months0.08%0.08%
6-11 months0.10%0.10%
12-23 months0.20%0.20%
24-35 months0.30%0.30%
36-47 months0.40%0.40%
48-59 months0.55%0.55%
60+ months0.75%0.75%
Share IRA0.15%0.15%
Kickstart IRA**12 months0.40%0.40%

APY - Annual Percentage Yield
Early withdrawal penalties may apply. At maturity, account is subject to automatic renewal at the rate then in effect for that term. --Dividends compounded quarterly.
For Share Certificates: Minimum deposit $250.00.
For Youth/Young Adult certificates: Minimum deposit $100.00 with maximum amount of $3,000.00.
For IRA certificates: Dividends compounded quarterly, certificate minimum balance $250.00, minimum deposit to open $250.00.
**Kickstart IRA needs minimum $100.00 to open with a max of $250,000.00. Subsequent deposits allowed.

Annual Percentage Yields are current of September 28, 2021 and subject to change.