Share Certificates With Competitive Rates & Flexible Terms
A share certificate is a fixed-rate, short-term investment account that pays a higher rate of interest than a regular savings account. A fixed amount of money is placed in the account for a specific period of time, called a term. Account holders, in turn, receive a fixed amount of dividends at intervals along the way, with an option to renew at the end of the specific time.
Why Is This The Best Investment For Me?
Beach Municipal FCU's Share Certificate features:
- Four different Certificate options available, including as IRA investments.
- Fixed dividend rates.
- Competitive Annual Percentage Yields (APY).
- Terms ranging from 91 days to 60 months.
- Minimum investment of $500.
- Automatic renewal option at maturity so you never stop earning.
Share Certificate Benefits
A Share Certificate offers many potential benefits:
- Guaranteed return on your investment.
- Earn the higher rate for the entire term of the investment, even if rates drop.
- Low minimum opening deposits make it easier to invest.
- Potential tax advantages.*
- Federally insured by NCUA.
MAKE AN APPOINTMENT TO OPEN A SHARE CERTIFICATE
If you’re looking for a guaranteed fixed rate of return and can commit to saving your money for a set period of time, a Share Certificate is a smart choice. With a Share Certificate, there’s also no risk to your principal. Beach Municipal FCU offers Share Certificates with a minimum investment of $500 and terms ranging from 91 days to 60 months. Some investment levels may not be available for all terms. Early withdrawal penalties may apply.
| Term | Minimum Balance | Rate | APY* |
|---|---|---|---|
| 6 months | $500.00 | 1.03% | 1.03% |
| 12 months | $500.00 | 1.17% | 1.18% |
| 30 months | $500.00 | 1.34% | 1.35% |
| 60 months | $500.00 | 4.13% | 4.19% |
| 91 days | $1,000.00 | 0.90% | 0.90% |
| 6 months | $1,000.00 | 1.92% | 1.92% |
| 12 months | $1,000.00 | 2.56% | 2.58% |
| 18 months | $1,000.00 | 2.78% | 2.81% |
| 30 months | $1,000.00 | 2.93% | 2.96% |
| 6 months | $10,000.00 | 1.55% | 1.55% |
| 12 months | $10,000.00 | 4.40% | 4.47% |
| 18 months | $10,000.00 | 4.40% | 4.47% |
| 24 months | $10,000.00 | 4.25% | 4.32% |
| 30 months | $10,000.00 | 4.30% | 4.37% |
*APY = Annual Percentage Yield. Dividend Rate and Annual Percentage Yield were accurate as of the effective date above. Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Declared minimum balance is required to both open the account and earn the stated APY. Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement. Federally insured by NCUA. Early withdrawal penalties may apply. If you have any questions or require assistance, please call the Credit Union at 757.333.7787. | |||
An IRA Share Certificate combines the tax advantages of an IRA with the security of a Share Certificate. The rate of return on IRA Share Certificates is significantly higher than the IRA Share rate, and they also have the added benefit of dividends being paid back into the IRA account, which can be a tax advantage!
| Term | Minimum Opening Deposit | Rate | APY* |
|---|---|---|---|
| 12 months | $500.00 | 2.16% | 2.16% |
| 12 months | $2,500.00 | 4.45% | 4.45% |
*APY = Annual Percentage Yield. Dividend Rate and Annual Percentage Yield were accurate as of the effective date above. Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Declared minimum balance is required to both open the account and earn the stated APY. Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement. Federally insured by NCUA. Early withdrawal penalties may apply. If you have any questions or require assistance, please call the Credit Union at 757.333.7787. | |||
Our Youth Share Certificates are exclusively for our Long John Saver & Pipeline members!
- Available in the amounts of $50 and $100 only.
- 5% APY.*
- 60-months terms.
- Members are limited to a maximum of $1,000 in Youth Share Certificates at any one time.
- Member must have a Long John Saver or Pipeline account to qualify.
- A maximum of two new Youth Share Certificates may be purchased per 30-day period.
- Funds used to purchase the Youth Share Certificates must be new money deposits or money already on deposit in the member's Long John Saver or Pipeline account.
Share certificates are a great way to teach children the importance of saving and offer a hands-on lesson on how dividends can make their money grow!
| Term | Available Options | Rate | APY |
|---|---|---|---|
| 60 months | $50 and $100 only | 4.91% | 5.00% |
*APY = Annual Percentage Yield. Dividend Rate and Annual Percentage Yield were accurate as of the effective date above. Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Declared minimum balance is required to both open the account and earn the stated APY. Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement. Federally insured by NCUA. Early withdrawal penalties may apply. If you have any questions or require assistance, please call the Credit Union at 757.333.7787.
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At Beach Municipal FCU, we adore babies and want them all to grow up to be financially savvy. That's why we created the Me Too Share Certificate.
Here’s how it works:
- Open a Long John Saver Kids Club account for your child.
- Purchase a $50 Me Too Share Certificate before they are six months old.
- Beach Municipal FCU will purchase your child a $50 Me Too Plus Share Certificate on their first birthday AND make additional $50 deposits when they turn 5 years old, 13 years old and 16 years old!*
Me Too Share Certificates mature when your child turns 18 years old, so they'll have plenty of time to watch their money grow!
| Term | Minimum Opening Deposit | Rate | APY* |
|---|---|---|---|
| See disclosure | $50.00 | 1.34% | 1.35% |
*APY = Annual Percentage Yield. Dividend Rate and Annual Percentage Yield were accurate as of the effective date above. Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Declared minimum balance is required to both open the account and earn the stated APY. Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement. Federally insured by NCUA. Early withdrawal penalties may apply. If you have any questions or require assistance, please call the Credit Union at 757.333.7787.
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*Certain restrictions apply. Please see us for complete details.
*Consult your tax advisor for details.