Certificates

Share Certificates are time accounts that earn higher interest 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 interest 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

Other Savings Options:

Share Certificates (CDs/IRAs)

DescriptionTermDividend RateAPY
1-5 months0.08%0.08%
6-11 months0.20%0.20%
12-23 months0.30%0.30%
24-35 months0.40%0.40%
36-47 months0.50%0.50%
48-59 months0.75%0.75%
60+ months0.90%0.90%
Youth and Young Adult Savings Certificates3 month0.08%0.08%
6 month0.20%0.20%
12 month0.30%0.30%
24 month0.40%0.40%
Share Certificates (IRA)1-5 months0.08%0.10%
6-11 months0.20%0.20%
12-23 months0.30%0.30%
24-35 months0.40%0.40%
36-47 months0.50%0.50%
48-59 months0.75%0.75%
60+ months0.90%0.90%
Share IRA0.15%0.15%
Kickstart IRA**12 months0.40%0.40%

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.

Last Modified: August 12, 2020