Affinity Certificate account questions
What is a certificate?

A certificate is often considered one of the safest ways to earn dividends since you hold a fixed amount of funds, for a set amount of time (also known as "term"), to earn a guaranteed dividend rate. Terms can range anywhere from one month to 5 years. During the term, Affinity will pay dividends on your funds until the date of maturity, resulting in a guaranteed return.

How much do I need to open a certificate?

Our certificates can be opened with a minimum deposit of just $500.

What are the benefits of a certificate account with Affinity?

There are many benefits to opening a certificate account, including:

What happens at the end of my certificate term?

At the end of the term, also called the date of maturity, your certificate funds, plus all the dividends earned, will automatically enroll into a new certificate specified in your account disclosure. However, you have the option to deposit the funds into a checking or savings account by notifying us within 10 days of your certificate maturity date. Please refer to your Truth In Savings disclosure document for complete certificate maturity details.

What are dividends?

Credit unions are member-owned and not-for-profit, so any extra funds are returned to members in the form of dividends, reduced loan rates and products and services designed to enhance your financial wellbeing. At Affinity, certain accounts like MoreSavings earn dividends as a reward for keeping your money in the account.

Can I have direct deposit with a certificate account?

No. All funds must be available at the time the certificate is opened. A SmartStart or MoreSavings account could be a good savings account option if you want to make recurring deposits to an account that earns dividends.

Does Affinity charge a monthly maintenance fee for certificate accounts?

Our certificate accounts options have $0 monthly maintenance fees if enrolled in eStatements3. If not, there is a monthly fee of $2 for paper statements.

Are there minimum account requirements for certificate accounts?

Yes. Affinity certificate accounts have a $500 minimum deposit requirement.

Can I open a joint savings account with my spouse or another family member?

Yes, you may open a joint savings account. With your spouse or another family member. When applying online, simply select the “Add a Joint” option.

How do I open a certificate account?

It’s easy. You have to join Affinity Federal Credit Union as a member, then apply for the certificate term account of your choice.