Certificates

For a limited time only, get a special dividend rate with our 13-month Share Certificate! Earn 2.02% APY1 with a 13-month term, minimum deposit of $1,000, and dividends paid quarterly.

Share Certificates

Features at a glance

  • Rates as high as 2.600% APY2
  • Low minimum deposit of only $1,000
  • Term options from 6 months up to 5 years
  • Automatic renewals3

Do you have an extra $1,000 or more that you won’t need in the next 6 months or longer? If your answer was yes, then a certificate is a great way to earn a better guaranteed return on your money. A Scott Credit Union certificate gives you a better rate than you would get in a savings account because that money can’t be withdrawn for a set period of time.

You may gravitate to a certificate because of the security it offers. Your total deposits at Scott Credit Union are insured by the National Credit Union Administration (NCUA) to at least $250,000.

Find the certificate that is right for you using our rates tab and then open your account online, stop by one of our 15 convenient locations or open your account over the phone by calling our Member Service Center at 618-345-1000.


1APY = Annual Percentage Yield. Rate effective as of 05/02/2018. 13-month special certificates will be automatically renewed at maturity at 12-month term at the rate of interest in effect on the renewal date for that term unless the certificate is presented for payment on or within 10 days after the maturity date. The certificate will automatically renew at a 12-month term for successive periods. Early withdrawal penalties apply. Fees may reduce earnings.

2APY = Annual Percentage Yield.

3All certificates will be automatically renewed at maturity at the rate of interest in effect on the renewal date for a successive period equal to the original term unless the certificate is presented for payment on or within 10 days after the maturity date.

Rates

These rates are effective as of June 20, 2018.

Minimum Deposit Term Dividends Compounded Balance Method Dividends Paid APY2
$2,500 6 Months Monthly Daily Monthly 1.050%
$1,000 1 year Quarterly Daily Quarterly 1.350%
$1,000 13 Months1 Quarterly Daily Quarterly 2.020%
$1,000 18 Months Quarterly Daily Quarterly 1.450%
$1,000 2 years Quarterly Daily Quarterly 1.600%
$1,000 30 Months Quarterly Daily Quarterly 1.650%
$1,000 3 years Quarterly Daily Quarterly 1.900%
$1,000 4 years Quarterly Daily Quarterly 2.300%
$1,000 5 years Quarterly Daily Quarterly 2.600%
Minimum Deposit Term Dividends Compounded Balance Method Dividends Paid APY2
$50,000 6 Months Monthly Daily Monthly 1.200%
$50,000 1 year Quarterly Daily Quarterly 1.500%
$50,000 13 Months1 Quarterly Daily Quarterly 2.020%
$50,000 18 Months Quarterly Daily Quarterly 1.600%
$50,000 2 years Quarterly Daily Quarterly 1.750%
$50,000 30 Months Quarterly Daily Quarterly 1.800%
$50,000 3 years Quarterly Daily Quarterly 2.050%
$50,000 4 years Quarterly Daily Quarterly 2.450%
$50,000 5 years Quarterly Daily Quarterly 2.750%
Minimum Deposit Term Dividends Compounded Balance Method Dividends Paid APY2
$100,000 6 Months Monthly Daily Monthly 1.250%
$100,000 1 year Quarterly Daily Quarterly 1.550%
$100,000 13 Months1 Quarterly Daily Quarterly 2.020%
$100,000 18 Months Quarterly Daily Quarterly 1.650%
$100,000 2 years Quarterly Daily Quarterly 1.800%
$100,000 30 Months Quarterly Daily Quarterly 1.850%
$100,000 3 years Quarterly Daily Quarterly 2.100%
$100,000 4 years Quarterly Daily Quarterly 2.500%
$100,000 5 years Quarterly Daily Quarterly 2.800%

1APY = Annual Percentage Yield. Rate effective as of 05/02/2018. 13-month special certificates will be automatically renewed at maturity at 12-month term at the rate of interest in effect on the renewal date for that term unless the certificate is presented for payment on or within 10 days after the maturity date. The certificate will automatically renew at a 12-month term for successive periods. Early withdrawal penalties apply.

2APY = Annual Percentage Yield. All certificates will be automatically renewed at maturity at the rate of interest in effect on the renewal date for successive periods equal to the original term unless the certificate is presented for payment on or within 10 days after the maturity date.

A penalty will be imposed for withdrawal of funds before the original maturity date, or any successive maturity date of a certificate.

* If the original or subsequent term of the certificate is 91 days or less; all dividends will be forfeited.

* If the original or subsequent term of the certificate is greater than 91 days, but 12 months or less; the lesser of an amount equal to 90 days dividends or all dividends already paid will be forfeited.

* If the original or subsequent term of the certificate is greater than 12 months (but less than 48 months); the lesser of an amount equal to 182 days dividends, or all dividends already paid will be forfeited.

* If the original or subsequent term of the certificate is 48 months or greater, the lesser of an amount equal to 365 days dividends, or all dividends already paid will be forfeited.


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