A Certificate Account is a savings option that pays a fixed rate for a set term. Your initial deposit is guaranteed if you keep it for the full term, but withdrawing early may result in a penalty that reduces your earned interest or principal.

Dividends are paid either monthly, quarterly, or at maturity depending on the certificate account you choose. You can have them deposited into your CU1 savings account or added back into your certificate account to compound over time and grow your balance faster.

If you withdraw your money before the Certificate Account's maturity date, an early withdrawal penalty will apply. This reduces the dividends you earn and in some cases, part of your principal may be used to cover the penalty. The penalty amount is based on the length of the certificate term. Certificate Accounts are designed to be held for the full term to get the best return.

The amount you can earn with a Certificate Account depends on how much money you put in and what the rates and terms are.

When your Certificate Account reaches its maturity date, it will automatically renew for the same term at the standard rate and APY in effect that day—unless you decide to make a change during your 10-day grace period.

On or within 10 days after the maturity date, you can:

• Choose a different rate or term that fits your goals

• Add or withdraw funds

• Close your Certificate Account

If you choose to withdraw or close your Certificate Account during the grace period, interest will be paid through the maturity date.

For more details, review your Certificate Account agreement or reach out to us—we’re happy to help you understand your renewal options.