Affinity Federal Credit Union

Certificates Calculator: Estimate Your Earnings

WATCH YOUR MONEY GROW WITH A CERTIFICATE FROM AFFINITY

Open a certificate account today with a minimum deposit of just $500.

Guaranteed returns

Lock in a fixed dividend rate for the term you choose and stop worrying about market volatility impacting your earnings.

Complete safety

Your savings are federally insured by the National Credit Union Administration (NCUA) for balances up to $250,000².

Flexible terms

Get more control over your savings with a variety of term lengths ranging from one month to five years¹.

No fees

Enjoy $0 monthly service fees when you sign up for eStatements³; $2 monthly fee for paper statements.

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¹APY = Annual Percentage Yield. Rates are accurate as of 9/01/2023 and are subject to change without notice. After the Certificate is opened, you cannot make deposits into the account. Unless otherwise noted, certificates can be opened with a minimum deposit of $500. The APY is based on an assumption that dividends will remain in the account until maturity. Certificates will automatically renew on the maturity date for the same term unless otherwise noted. The dividend rate in effect at the time the certificate renews will be applied on the account. The account holder has a ten (10) day grace period to change the term or close the certificate account without penalty. Penalties apply for early withdraw and could reduce earnings on the account. If funds are withdrawn before the maturity date, the penalty will equal 90 days’ dividends on your certificate account with a term of one year or less, and a penalty of up to 182 days’ dividends for certificates with a term of more than one year. The penalty calculated as forfeiture of part of dividends that have been or would have been earned on the account. It applies whether or not dividends have been earned. We will impose an early withdrawal penalty of at least seven (7) days’ simple interest if funds are withdrawn within six days of the date of deposit or within six days of the date of the immediately preceding partial withdrawal. We reserve the right to require at least seven (7) days written notice of an intended withdrawal. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal. Certificates are available to Affinity members only. Contact an employee for further information about applicable fees and terms.

17-Month Promotional Certificate: Balances of $500 or more earn an APY of 5.25%. On the maturity date, the certificate will automatically renew to a 12-month term at the rate in effect for that term at the time of renewal. New money is required to open a 17-month promotional certificate. New money is defined as funds not on deposit at Affinity for longer than 30 days at the time of account opening.

²Affinity is a federally insured credit union, which means that all members are protected by the National Credit Union Share Insurance Fund, with deposits insured up to at least $250,000 per share owner for each account ownership type.

³To qualify for no monthly fees and avoid the $2 monthly paper statement fee, upon opening your SmartStart Savings Account, you must enroll in paperless statements (eStatements) either by registering and logging in to your Online Banking or Mobile Banking account. For new members, the paper statement fee is waived for the first 45 days of membership, after that, if you have not enrolled in eStatements you may be assessed a $2 paper statement fee per month. Enrollment in eStatements means you will not receive mail delivery of your statements and you have agreed to Electronic Delivery Disclosure. You may withdraw your consent to receive paperless statements anytime by logging in to your Online Banking or Mobile banking account. If you choose to withdraw from eStatements you will be charged a $2 monthly paper statement fee. Note: The fee is waived for tenant accounts, members age 70 or older, and children age 12 and under.

Affinity Certificates