Credit Union Certificates
Accounts for solid savings options for the short or long term.
Peace of Mind
All savings accounts provided by Mid Minnesota are insured by the National Credit Union Administration (NCUA), an agency of the federal government, up to $250,000.
Rates at a Glance
Looking for Higher Rate of Return on Your Money?
Traditional Term Share Certificates
With a minimum deposit of $500 you can earn a higher return on your investment. Terms vary from 3 to 48 months.
Add-On Term Share Certificate (TSC)
An Add-On Term Share Certificate gives you the ability to make additions to your account before renewal, while still guaranteeing a fixed rate of dividends for a specific term. Add-On TSCs can be opened as a Traditional TSC, a Traditional IRA, Roth IRA, or an Education IRA.
Bump Certificates
Our Bump Certificate allows you to adjust your rate one time during the duration of your investment. If rates go up, simply contact your credit union and we’ll ‘Bump Up’ your rate for the remainder of the term.
Fast Forward Certificate
With a Fast Forward Certificate, you earn dividends as you build your balance! You can start the certificate with as little as $10 or as much as $500, and a commitment to deposit at least $10 per month, with a maximum of $500 per month, for the remainder of the term. While you are contributing each month, you are also earning dividends. The Fast Forward Certificate is a great way to save money for a down payment on a house or car. *Must make a minimum $10 monthly contribution to avoid a $10 penalty. Variable rate.
Term Share Certificate
(Age 18 and younger)
Money doesn’t grow on trees, but your kids might think so. Mid Minnesota members age 0-18 earn great rates with all traditional Term Share Certificates with a $100 MINIMUM DEPOSIT. Term Share Certificates available to youths are 3, 6, 12, 18, 24, 36, and 48 months.
IRA Term Share Certificate
What makes IRAs such a great retirement savings tool is the special federal tax laws governing the taxation of amounts earned within an IRA. Earnings within Traditional IRAs are tax-deferred until they are distributed from the Traditional IRA. Earnings within Roth IRAs may be distributed tax-free, and Coverdell education savings accounts generally are not subject to federal taxes. What’s more, Traditional IRA contributions are tax-deductible for many taxpayers. Over time, these special tax features can result in significantly larger IRA savings accumulations than what can be accomplished in ordinary savings tools. Talk with Member Services for more information on available IRA Term Certificates and always, consult your tax advisor.
Calculate Your Options
Credit Union Certificate Calculator
Use this calculator to find out how much you can earn on a Certificate.
