Routing# 262275835
Share Certificates —
A secure way to grow your money
Higher Dividends | Regular | Jumbo | Multiple Term Options
Share Certificates —
A secure way to grow your money
Higher Dividends | Regular | Jumbo | Multiple Term Options
Just getting started or want to grow your money without locking in your funds? Our limited-time Starter and No-Penalty certificates give you flexibility, control, and competitive rates. It’s all about helping you build strong financial habits with confidence.
Or, if you’re looking for a faster way to grow your savings without the risk of investing, a traditional or Member’s Choice certificate might be the right move.
Starter |
No-Penalty |
Traditional (Standard or Jumbo) |
Member’s Choice |
|---|---|---|---|
|
6-Month Term Fixed APY
|
12-Month Term Fixed APY |
6 – 144-Month Term Fixed APY |
36 – 144-Month Term Adjustable APY** |
|
Ability to Add Funds |
Ability to Withdraw Funds* |
Funds Locked |
Funds Locked |
|
Minimum Deposit: $50 |
Minimum Deposit: $100 |
Minimum Deposit: $1000 (Standard) $100,000 (Jumbo) |
Minimum Deposit: $1000 |
|
Maximum: $3000 |
Maximum: $10,000 |
Maximum: $999,999 |
Maximum: $999,999 |
|
Dividends Paid: Quarterly |
Dividends Paid: Quarterly |
Dividends Paid: Quarterly (Standard) Monthly (Jumbo) |
Dividends Paid: Quarterly |
*You can withdraw all your money any time after the first six days following the date you funded the account and keep the interest earned with no penalties. **After 90 days from certificate opening date, you may request a change to current dividend rate applicable to that certificate term. Future rate changes may be requested every 365 days after the last rate change to certificate
Certificates allow you to plan out your savings by providing guaranteed returns. And, generally, the longer the term, the more you’ll earn.
With a variety of terms and competitive rates, Redstone’s certificates are a smart way for you to ensure your money grows. Choose from our limited time Starter and No-Penalty certificates; regular certificates, jumbo certificates, or Member’s Choice Certificates.
Compounding: Dividends are added to the principal and accrue as the certificate matures.
Non-Compounding: Dividends are deposited into your primary savings account monthly or quarterly, so you have access to the earnings.
Compounding: Ideal for members who want to invest and have their dividends go right back into the certificate and keep earning dividends.
Non-Compounding: Ideal for members who want to invest but need access to cash throughout the certificate term.
Certificates do have penalties for early withdrawals. However, if you only need access to the dividends you earn, consider opening a certificate with non-compounding dividends. However, if you need greater access to your money, you may want to consider another option, like a Money Market Account.
You can save worry-free with our Member’s Choice Certificates, which offer you the potential to earn higher dividends during your certificate’s term. You can lock in a new rate any time after the first 90 days and then once every 365 days thereafter. So, if the rates rise, your earnings can too. (Unfortunately, you can’t change rates on a regular or jumbo certificate.)
Certificate Laddering is a way to boost your savings and still have frequent access to your cash. Certificate laddering is a technique that involves dividing your investment across two, three, or more certificates. It typically brings you higher dividends than investing in only one certificate renewed over time.
You create your ladder consisting of several certificates, each with a different rate and term. When a certificate matures, you can reinvest your money – buy a new certificate at the longest term – but you also have the option to pull out your funds, if necessary.
*APY = Annual Percentage Yield as of [rfcu-var]
Membership required. Click here for details.
Certificate rates, terms, and conditions are subject to change without notice. Must maintain the minimum balance at all times to earn the disclosed APY for the term of the account. For non-compounding certificates, dividends are transferred to a designated share account. Payout of non-compounding dividends is mandatory. A penalty may be imposed for early withdrawal of certificate principal prior to maturity. A withdrawal could reduce earnings. Fees and other conditions could reduce earnings on the account.
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. Rate change must be initiated by the member, either in writing or by phone. Member’s Choice Certificates are not available as jumbo certificates.
No-Penalty Certificate: Only one 12 month no penalty early withdraw certificate allowed per member during a 12-month period from the date of closure. All funds must be deposited at account opening; no additional deposits are allowed during the term of the certificate. At maturity, funds will automatically transfer to the primary share account.
Starter Certificate: Only one active 6 Month Starter Share Certificate allowed per member. Additional deposits are allowed during the term of the certificate. At maturity, funds will automatically transfer to the primary share account.
Are you ready to join the credit union that puts you first? Become a member of the Redstone family and you’ll start enjoying the great rates, personalized financial advice, and excellent customer service Redstone is known for.