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
|Term||Minimum Deposit||Dividend Rate||Annual Percentage Yield||Dividend Paid|
|6 Month||$500||1.10%||1.11% APY||Monthly|
|12 Month||$500||1.80%||1.81% APY||Quarterly|
|15 Month||$500||2.00%||2.02% APY||Quarterly|
|24 Month||$500||2.10%||2.12% APY||Quarterly|
|30 Month||$500||2.75%||2.78% APY||Quarterly|
|36 Month||$500||2.45%||2.47% APY||Quarterly|
|48 Month||$500||2.50%||2.52% APY||Quarterly|
|60 Month||$500||3.00%||3.03% 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 Dividend paid to maturity date if withdrawn within ten days after maturity.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.
30 & 15 Month Share Certificates:
New money only.
30-month Share Certificate: Minimum deposit $500.00 for Regular $250.00 for Retirement or Youth Share Certificates to open and to earn dividends. Share Certificate will renew for the same term at the current rate.
15-month Share Certificate. Not eligible for Retirement or Youth Share Certificates. Minimum deposit $500.00 to open and to earn dividends. Share Certificate will renew to a 12-month term at the current rate.
Rates are subject to change at any time without notice. No additional deposits may be made to any Share Certificate until its maturity date. Ten-day grace period at maturity to make changes without loss of dividend. Dividends are calculated daily and compounded and credited quarterly. Dividend paid to maturity date if withdrawn within ten days after maturity. Substantial penalty for early withdrawal. Additional terms and conditions apply. *APY= Annual Percentage Yield. Membership eligibility required. Federally insured by NCUA.