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Certificates

Low Risk - Great Reward

If you have money you don't need to access immediately, a Certificate from MSDFCU can be your solution for growing your savings. Start with as little as $500 and choose how long you want to keep your money on deposit.

 

More for Your Money

Certificates offer competitive, promotional rates - and great returns.

 

Guaranteed Returns

Choose the best time duration for you; the rate is guaranteed for the entire term.

A Safe Choice 

Certificates are considered one of the safest investment options available and are insured by the  (NCUA) up to $250,000. 

Steady Growth 

Certificates are a great place to invest cash safely. You can earn a higher dividend and choose a time period that’s right for you. 
However, there are penalties for early withdrawal; see account terms.

  • $500.00 minimum balance required to open ANY Certificate term
  • Earn a higher rate of interest than regular savings
  • Certificates are also available as IRA Certificates
  • When your certificate(s) reaches its maturity, easily renew or transfer it through Online Banking
What is a Certificate? 
A certificate is a share account with us for a specified period of time.
What is the minimum deposit required to open a Certificate? 
$500

How is the Certificate Interest Calculated?

We use the daily balance method to calculate interest on your Certificate. This method applies a periodic rate each day to your balance. Interest begins to accrue on the business day of your deposit. Interest for Certificates is calculated on a 365-day basis, although some business Certificates may calculate interest on a 360-day basis. The Annual Percentage Yield (APY) disclosed on your deposit receipt or on the maturity notice assumes interest will remain on deposit until maturity. On maturities of more than one year, interest will be paid at least annually. Please see the rate sheet for further details.
What does it mean when my Certificate matures? 
The maturity date is the last day of your Certificates term. The grace period begins the following day and lasts for 10 days – this is when you can make changes to your Certificate. Call us at 215-596-4664 to learn more about what options you have when your Certificate matures.
How to Renew or Transfer a Certificate

Open a Certificate in the Following Ways

  1. Open an account online
  2. Stop into any branch
  3. Call 215-996-3700