Corning Credit Union

Share Certificates

Share Certificates

Grow your nest egg faster. Share certificates let you earn a higher rate than traditional saving accounts.

Grow Your Money Faster

Share certificates are a great way to save for your future – faster. And, we have terms to meet just about anyone’s long- and short-term goals.

Regular Share certificates: 

  • Competitive dividend rates. View Rates »  
  • Low minimum balance for regular share certificates ($1,000).
  • Choose to have dividends compound monthly within certificate or automatically transfer monthly to a non-certificate share.
  • Terms available from 3 to 60 months.
  • Automatic renewal at maturity. 
  • The 18 through 60-month certificates give you the option of making additional deposits (minimum of $200) within the first 90 days of the new or renewed term. Total of additional deposits may not exceed the deposit amount made on the first day of the term.

Jumbo Certificates: 

  • Higher competitive dividend rates. View Rates »  
  • Choose to have dividends compound monthly within certificate or automatically transfer monthly to a non-certificate share.
  • Terms available from 3 to 60 months.
  • Automatic renewal at maturity. 
  • The 18 through 60-month certificates give you the option of making additional deposits (minimum of $200) within the first 90 days of the new or renewed term. Total of additional deposits may not exceed the deposit amount made on the first day of the term.
  • Requirements:
    • Minimum balance for Jumbo Certificates ($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  • 3-month Transfer Certificates: You must pay a penalty equal to 45 days simple interest on the amount withdrawn.
  • 3-month Compounding Certificates: You must pay a penalty equal to 45 days interest on the amount withdrawn.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  • 6- and 12-month Transfer Certificates: You must pay a penalty equal to 90 days simple interest on the amount withdrawn.
  • 6- and 12-month Compounding Certificates: You must pay a penalty equal to 90 days interest on the amount withdrawn.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  • 18- and 24-month Transfer Certificates: You must pay a penalty equal to 180 days simple interest on the amount withdrawn.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.