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Choosing the right savings program is an important decision. The right investment account should be affordable, accessible, and safe. ACFCU offers Certificate Accounts that are federally insured by the National Credit Union Administration up to $100,000. Our rates are competitive with other financial institutions, and are guaranteed for the term of the certificate. All of your certificate funds work for you because ACFCU certificates have no transaction costs or service fees. A Certificate Account is a fixed rate, closed end, time deposit. In other words it is a contract between the credit union and a member. The credit union agrees to pay a certain interest rate on a specific sum for a particular period of time. No additional deposits can be added to a certificate before maturity, and no partial withdrawals are allowed. The interest rate is fixed for the term of the certificate. The yield on Share Certificates is normally higher, therefore, they are subject to dividend penalties if redeemed early. Thus, share certificates are not as liquid as share savings accounts. Because of their higher earning rates, certificates are an excellent place for larger amounts for which you don't expect to have a short-term need. TERMS AND CONDITIONS The credit union offers the following Certificate
of Deposit.
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