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.
Our certificates can be opened with a minimum deposit of just $500.
There are many benefits to opening a certificate account, including:
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.
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.
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.
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.
Yes. Affinity certificate accounts have a $500 minimum deposit requirement.
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.
It’s easy. You have to join Affinity Federal Credit Union as a member, then apply for the certificate term account of your choice.