Business Certificates

Woman in her fabric store

Business certificates let your money work for you until you need it. This gives you freedom to spend your valuable time on the other things that help grow your business.


11-Month Certificate Special for a limited time

4.80% APY 1 11-Month Certificate Special 2
5.00% APY1 on certificates $100,000 or more.3

Give us a call, stop by a branch or or use the Quick Apply feature in Digital Banking to take advantage of this special today!





1-APY=Annual Percentage Yield. APY is accurate as of February 23, 2024 and is subject to change. 2-Minimum opening deposit and maintained balance of $2,500 per member account number. 3-The APY for 11-month Jumbo Certificates is 5.00% with a minimum opening deposit and minimum maintained balance of $100,000. A penalty may be imposed for early withdrawal and could reduce earnings. Offer for a limited time only. Restrictions may apply. Ask for details.


For Businesses that Demand More from Their Money

You set aside money to cover expenses. Why not let that money work for you? Corning Credit Union can help you grow your money steadily and conveniently.

Maximize your dividend potential with business certificates:

Regular Share Certificates:

  • Competitive dividend rates.
  • Terms available from 3 to 60 months.
  • Choose to have dividends compound monthly within certificate or automatically transfer monthly to a non-certificate share.
  • Automatic renewal at maturity.
  • Requirements: open an account with a minimum of $1,000.

Jumbo Certificates:

  • Earn higher dividend rates.
  • Terms available from 3 to 60 months.
  • Choose to have dividends compound monthly within certificate or automatically transfer monthly to a non-certificate share.
  • Automatic renewal at maturity.
  • Requirements: open an account with a minimum of $100,000.

Penalties:

Federal regulations require the following penalties be imposed on early withdrawals from certificate accounts.

  • 3-month Transfer Certificates: You must pay a penalty equal to 45 days simple interest on the amount withdrawn.
  • 3-month Compounding Certificates: You must pay a penalty equal to 45 days interest on the amount withdrawn. This penalty also applies to any dividends already credited to the certificate.
  • 6- and 12-month Transfer Certificates: You must pay a penalty equal to 90 days simple interest on the amount withdrawn.
  • 6- and 12-month Compounding Certificates: You must pay a penalty equal to 90 days interest on the amount withdrawn. This penalty also applies to any dividends already credited to the certificate.
  • 18- and 24-month Transfer Certificates: You must pay a penalty equal to 180 days simple interest on the amount withdrawn.
  • 18- and 24-month Compounding Certificates: You must pay a penalty equal to 180 days interest on the amount withdrawn. This penalty also applies to any dividends already credited to the certificate.
  • 36-, 48-, and 60-month Transfer Certificates: You must pay a penalty equal to 360 days simple interest on the amount withdrawn.
  • 36-, 48-, and 60-month Compounding Certificates: You must pay a penalty equal to 360 days interest on the amount withdrawn. This penalty also applies to any dividends already credited to the certificate.