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Explore a Certificate of Deposit (CD) at Financial Plus Credit Union

Looking to lock in your money for an upcoming expense? Whether you are saving for 12 months or 5 years, a Certificate of Deposit (CD) may be right for you. A certificate is a time-bound savings option that allows you to deposit a certain amount of money, for a fixed period, at a specific rate. Since funds are locked in, you're guaranteed to receive the amount you locked in, along with earned interest at the end of the term. 

What a certificate could be used for:

  • Saving for a down payment on a house
  • Funding a future vacation
  • Paying for a wedding
  • And more

Benefits of opening a certificate:

  • Safety: Money is securely locked away
  • Flexibility: Varying terms for your needs (up to 60 months)
  • Predictability: Know the dividends you will earn on your money

How to open a certificate at Financial Plus:

  • Open online by clicking the button below
  • Stop into any of our locations and chat with a representative

Open an account online in less than 3 minutes!

Locations      Open an Account

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Traditional Certificate
Start with a $500 minimum deposit and choose a term between 6-60 months.

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Start 'N' Grow Certificate
24-month term with a low $500 minimum with monthly auto-transfers to reach your goals quicker.

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You'll both receive $50 when you refer a friend or family member.

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More on Certificates
Explore our educational library for additional information on the benefits of a certificate.

What are the rules for opening a certificate?

Opening a certificate at Financial Plus Credit Union is a straightforward process with a few essential rules to consider:

  1. Minimum deposit requirement: Financial Plus Credit Union sets a minimum deposit amount. This amount varies based on the specific certificate product you choose.
  2. Term length: Certificates have a fixed term, typically ranging from a few months to several years. The term you select determines the duration for which your funds will be locked.

How much does it cost to open a certificate?

The cost of opening a certificate at Financial Plus primarily depends on the product you choose and can range from as little as $500. It's important to review the specific terms and conditions of each certificate product to understand the minimum deposit requirement before opening an account.

What are the advantages of a certificate?

  1. Guaranteed returns: One of the most significant advantages of a certificate is the guarantee of returns. We provide a fixed interest rate for the entire term, ensuring that your investment will grow steadily over time.
  2. Low risk: Certificates are considered low-risk investments because they are insured by the NCUA up to $250,000. This guarantee provides peace of mind, knowing that even in uncertain economic times, your principal investment is protected.
  3. Higher interest rates: Compared to traditional savings accounts, certificates often offer higher interest rates. This means that your money can grow at a faster pace, helping you achieve your financial goals sooner.

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*APY = Annual Percentage Yield.