A certificate is a savings account that is often considered one of the safest ways to save, and holds a fixed amount of funds for a set amount of time, also called a term. Terms can range anywhere from one month to 5 years. During the term, Affinity credit union will pay dividends on your funds until the date of maturity, resulting in a guaranteed dividend.
Most of our certificates can be opened with a minimum deposit of just $500.
There are many benefits to opening a certificate, including
Yes, your funds are federally insured to at least $250,000 and backed by the full faith and credit of the National Credit Union Administration (NCUA), a U.S. government agency.
At the end of the term, also called the date of maturity, your initial investment, plus all the dividend, 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 for complete certificate maturity details.
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Most of our savings options have $0 monthly maintenance fees if enrolled in eStatements. If not, there is a monthly fee of $2 for paper statements.
Yes. Most Affinity certificate accounts have a $500 minimum balance.
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It's easy. You have to join Affinity Federal Credit Union as a member, then apply for a MoreSavings account. Here are all the details.