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Sunward’s term certificates offer a safe way to earn higher dividends and a guaranteed return on your deposits at maturity. With our competitive rates, we can help you meet important savings goals. Make your money work harder and enjoy returns that you can access at your certificate’s maturity. Check out our current rates.
Our 14-month term certificate special. With a minimum of a $5,000 deposit in new money, you can earn up to:
3.74% DR
3.80% APY**
**Available to personal and business members. Learn more.
Our 16-month term certificate. With a minimum of $500 in deposits, you can earn:
2.96% DR
3.00% APY
Withdraw up to 50% of the funds each calendar month with no penalty fee. Available to personal and business members. Learn more.
Take advantage of rising rates with a one-time option to raise (or “bump up”) the dividend rate during the term. Available to personal and business members. IRA Bump Rate Term Certificates are also available.
These tax-advantaged retirement accounts can help diversify your portfolio with stable, dependable income. Open with $500 or more. 3- to 60-month terms. Available to personal members only. Learn more.
A term certificate is a type of savings account offered by financial institutions. Banks call them certificates of deposit (CDs), and credit unions (like Sunward) call them term certificates. Generally, when you open a term certificate, you agree to keep your money in that account without taking a withdrawal for the term (i.e., the time period) specified for the certificate.
In return, you’ll earn a designated dividend rate for the entire term. Typically, this rate is higher than a basic savings account can offer. The term’s end date is called the maturity date, and the 10 days that follow that date are known as the grace period. During the grace period, you can close out the certificate and withdraw or move the funds. If you do nothing during the grace period, the certificate typically will renew at the same term, although the interest rate may have changed from when the certificate was first opened.
Note that in most cases, withdrawing money early (i.e., before certificate’s maturity date) means paying a penalty fee. Make sure you can commit to leaving the funds untouched for the duration. Consider your overall financial goals, risk tolerance, and liquidity needs before making any investment decision.
*APY = Annual Percentage Yield.
**Minimum balance of $100,000 required to earn
Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the US Government. Yields determined at the time of investment. Dividend Rate and APY may change at the discretion of the Board of Directors. A penalty may be imposed for early withdrawal. Visit gosunward.org/Rates for more information.