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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 months1.00%1.00%
6-11 months3.00%3.03%
12-23 months3.85%3.91%
24-35 months3.35%3.39%
36-47 months3.20%3.24%
48-59 months2.80%2.83%
60+ months3.10%3.14%
Youth and Young Adult Savings Certificates3 month1.00%1.00%
6 month3.00%3.03%
12 month3.85%3.91%
24 month3.35%3.39%
Share Certificates (IRA)1-5 months1.00%1.00%
6-11 months3.00%3.03%
12-23 months3.85%3.91%
24-35 months3.35%3.39%
36-47 months3.20%3.24%
48-59 months2.80%2.83%
60+ months3.10%3.14%
Share IRA0.40%0.40%
Kickstart IRA**12 months3.85%3.91%

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 09/27/2024 and subject to change.

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CPM ROUTING NUMBER: 253279536