Skip to content
Facebook Instagram Twitter |   ROUTING # 253279536   |   HABLAMOS ESPAÑOL  |   SEARCH

autumn leaf falling from the sky
A Fall
(and Savings) state of mind!
Certificate Specials!*

2.27% APY* - 10 month certificate
2.88% APY* - 25 month certificate

$2,500 new money required • IRA options are available

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 months0.35%0.35%
6-11 months0.70%0.70%
12-23 months1.20%1.21%
24-35 months1.55%1.56%
36-47 months1.65%1.66%
48-59 months2.00%2.02%
60+ months2.25%2.27%
Youth and Young Adult Savings Certificates3 month0.10%0.10%
6 month0.30%0.30%
12 month0.55%0.55%
24 month0.75%0.75%
Share Certificates (IRA)1-5 months0.35%0.35%
6-11 months0.70%0.70%
12-23 months1.20%1.21%
24-35 months1.55%1.56%
36-47 months1.65%1.66%
48-59 months2.00%2.02%
60+ months2.25%2.27%
Share IRA0.40%0.40%
Kickstart IRA**12 months1.20%1.21%

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.

*Certificate Specials - *APY = Annual Percentage Yield. Dividend rate of 2.25% for 10 months and 2.85% for 25 months and accurate of 8/17/2022 and subject to change without notice. Minimum deposit required of $2,500.00 with a maximum deposit of $250,000.00. For existing CPM certificate of deposits, a minimum of $2,500 new money is required for account opening and cannot currently be on deposit with CPM. Dividends are calculated by the average daily balance method which applies to a periodic rate to the average daily balance in your account for the period and credited quarterly. Early withdrawal penalties may apply. Fees may reduce earnings. Certificates will automatically renew at maturity after a grace period of 10 calendar days. At maturity account is subject to automatic renewal at the rate then in effect for that term. Membership rules and restrictions apply. IRA options available.

Annual Percentage Yields are current of August 17, 2022 and subject to change.