Routing# 262275835
A secure way to grow your money — Share Certificates
Higher Dividends | Regular | Jumbo | Multiple Term Options
A secure way to grow your money — Share Certificates
Higher Dividends | Regular | Jumbo | Multiple Term Options
Member's Choice share certificates help you earn higher dividends! If the annual percentage yield (APY) goes higher than when you opened it, you have the option to change it.
Share Certificates |
|||
|---|---|---|---|
Type |
Minimum Balance to Open Account |
Minimum Balance to Earn Dividends |
Dividends Paid |
|
Regular Jumbo |
$1000 $100,000 |
$1000 $100,000 |
Quarterly Monthly |
If you want to invest, but need cashflow throughout the certificate term, the non-compounding certificate is the best choice for you. Dividends are deposited into your primary savings account monthly or quarterly, so you have access to the earnings.
If you want to invest and have dividends remain in the share certificate, the compounding choice is your best option. Dividends are added to the principal and accrue as the certificate matures.
APY = Annual Percentage Yield
Must be eligible for membership and open a share saving account in order to join RFCU® and obtain a share certificate. Minimum balance of $5.00 is required to open and be maintained in share savings account. Fees and other restrictions may apply. Fees and other conditions could reduce earnings on account. A penalty will be imposed for early withdrawal of principal prior to maturity.
Rates, terms, and conditions are subject to change at any time. Minimum balance required to open and maintain the regular certificate or Member’s Choice Certificate account, and earn the disclosed annual percentage yield (APY) is $1000. Minimum balance required to open and maintain the jumbo certificate account and earn the disclosed APY is $100,000. Option to open multiple Member's Choice Certificates is available. Member’s Choice Certificates are not available as jumbo certificates. Must have online banking username and PIN/password to use online banking and to open share certificate online.
Non-compounding share certificate will have dividends credited to the designated primary share account. Dividends cannot remain on the non-compounding certificate account. The payout of dividends is mandatory.
Member’s Choice Certificates: After 90 days from the certificate opening date, members have the option to request to change the dividend rate to the current dividend rate applicable to the term for their certificate. Future rate changes may be requested every 365 days after the last rate change on their account. RFCU cannot guarantee future increases of certificate rates. Rate change request must be initiated by the member, either in writing or by telephone call. Option to open multiple Member's Choice Certificates is available. Member’s Choice Certificates are not available as jumbo certificates.
A penalty will be imposed for the early withdrawal of certificate principal prior to maturity date. A withdrawal could reduce earnings.
Rates and terms subject to change without notice. Fees and other conditions could reduce earnings on the account.
Refer to the applicable Share Certificate TIS Disclosure Supplement for further disclosures.
Call 256-837-6110 or 1-800-234-1234 (long distance only) during business hours for current rates Federally insured by NCUA.
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