Saving with peace of mind

Simplicity Share Certificates are a great short-term investment product that will yield more than a regular savings account. Our Share Certificates pay a certain dividend if held for a specific period or term. Share Certificate may be a good investment choice for you if:

  • You do not need to access your funds for a certain length of time, usually a minimum of 30 days (the longer the term, the higher the rate)
  • You want to calculate your expected earnings at the outset of the investment
  • You want a federally insured investment product with a guaranteed rate of return
  • You can meet the minimum opening balance requirement, $500
  • You want a higher interest rate than a regular savings account

A first investment product

Young people aged 0 – 18 can purchase Youth Share Certificates as a first investment product — to save for camps, cars or college tuition. Regular Share Certificates and Youth Share Certificates earn the same rates. Regular Share Certificates require a minimum deposit of $500 and Youth Share Certificates require a minimum deposit of $250.

Share Certificates

Term Minimum Deposit Dividend Rate Annual Percentage Yield Dividend Paid
6 Month $500 0.40% 0.40% APY Monthly
12 Month $500 0.80% 0.80% APY Quarterly
18 Month $500 0.90% 0.90% APY Quarterly
24 Month $500 0.95% 0.95% APY Quarterly
30 Month $500 1.05% 1.05% APY Quarterly
36 Month $500 1.05% 1.05% APY Quarterly
48 Month $500 1.20% 1.21% APY Quarterly
60 Month $500 1.35% 1.36% APY Quarterly

Dividends may be added to your certificate, deposited to your Simplicity Credit Union savings account, or mailed to you. Automatic renewal for the same term at the current rate. Ten day grace period at maturity to make changes without loss of dividend. Dividend paid to maturity date if withdrawn within ten days after maturity. Substantial penalty for early withdrawal.