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
| Description | Term | Dividend Rate | APY |
|---|---|---|---|
| 1-5 months | 1.00% | 1.00% | |
| 6-11 months | 3.00% | 3.03% | |
| 12-23 months | 3.55% | 3.60% | |
| 24-35 months | 3.20% | 3.24% | |
| 36-47 months | 3.00% | 3.03% | |
| 48-59 months | 2.80% | 2.83% | |
| 60+ months | 3.10% | 3.14% | |
| Youth and Young Adult Savings Certificates | 3 month | 1.00% | 1.00% |
| 6 month | 3.00% | 3.03% | |
| 12 month | 3.55% | 3.60% | |
| 24 month | 3.20% | 3.24% | |
| Share Certificates (IRA) | 1-5 months | 1.00% | 1.00% |
| 6-11 months | 3.00% | 3.03% | |
| 12-23 months | 3.55% | 3.60% | |
| 24-35 months | 3.20% | 3.24% | |
| 36-47 months | 3.00% | 3.03% | |
| 48-59 months | 2.80% | 2.83% | |
| 60+ months | 3.10% | 3.14% | |
| Share IRA | 0.40% | 0.40% | |
| Kickstart IRA** | 12 months | 3.55% | 3.60% |
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.
Fees could reduce earnings on the account.
Annual Percentage Yields are current of 04/01/2025 and subject to change.