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Certificates

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Certificates

When you’re able to set money aside for a few months or a few years, a GenFed Certificate is a great way to save money and earn the highest possible interest rates with no risk.

Don't have 15 minutes to complete the full CD application?  Click HERE and take 60 seconds to get started now!

 

Certificate Options

We offer several types of certificates:

Features and Benefits

With any certificate type, you’ll have the option to choose whether your dividends are compounded internally, paid by check, or deposited to one of your other GenFed accounts.

If you’d like to open a certificate, but don’t have enough saved for the required opening deposit, you can open a GenFed Accumulator Savings account to help you set aside funds.

Certificate Rates
TypeTermMinimum Balance to Earn DividendsDividend Rate (APY)
Standard Certificates 6 Month $1,000.00 0.15%
  9 Month $1,000.00 0.15%
  12 Month $1,000.00 0.18%
  18 Month $1,000.00 0.18%
  24 Month $1,000.00 0.20%
  30 Month $1,000.00 0.20%
  36 Month $1,000.00 0.25%
  48 Month $1,000.00 0.30%
  60 Month $1,000.00 0.45%
IRA Certificates 12 Month $1,000.00 0.18%
  18 Month $1,000.00 0.18%
  24 Month $1,000.00 0.20%
  30 Month $1,000.00 0.20%
  36 Month $1,000.00 0.25%
  48 Month $1,000.00 0.30%
  60 Month $1,000.00 0.45%
Youth Certificate 3 Month $500.00 0.08%
Education IRA Certificate Same as standard certificates $500.00 Standard rate + 0.25%*
Bump-Up Certificate 37 Month $1,000.00 0.15%**
Bump-Up Certificate 57 Month $1,000.00 0.25%**

*Education IRA Certificates receive a 0.25% APY increase over non-special rates for first time deposits.

Certificates: Rates are accurate as of 10/1/2020 and subject to change at any time. Penalty will be imposed for early withdrawal. Disclosures available upon request. Contact Genfed staff for more information about current rates, terms and fees. Fees or early withdrawals could reduce earnings on certificates. We may offer different rates in the future. *3-month certificate is for MINORS ONLY with a minimum of $500. Minimum balance to earn is $1,000 for share certificates. APY = annual percentage yield. **Available on new money only. Minimum deposit is $1,000. One rate increase can be requested and performed during the life of the certificate to a current standard rate. Bumps will be made to the rate available for the term closest to, but no greater than, the number of months remaining on the Bump-Up Certificate. Will roll over into S1 Share Savings account at maturity.

IRA certificates: Rates are accurate as of 10/1/2020 and subject to change at any time. Penalty will be imposed for early withdrawal. Disclosures available upon request. Contact GenFed staff for more information about current rates, terms and fees. Fees or early withdrawals could reduce earnings on certificates. We may offer different rates in the future. Minimum balance to earn is $1,000 for IRA. APY = annual percentage yield.

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