Share Certificate Accounts (CD's)
Share Certificate Accounts allow you to earn higher dividend rates when you lock into a specific term. Typically, the longer the term of the share certificate, the higher the dividend rate.
| Minimum Balance | $500 | ||||||||||||||||
| Monthly Service Charge | None | ||||||||||||||||
| Terms Available | 3, 6, 12, 24, 36, 48 and 60 months 18-month Certificate Special - 4.00% APY - Limited Time Only |
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| Withdrawals | None | ||||||||||||||||
| Early Withdrawal Penalty |
A penalty may be imposed for early withdrawals. Penalties are based upon the original term of the certificate and the amount of the withdrawal. The penalty may reduce the principle. Penalties are as follows:
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| Annual Percentage Yields |
Rates effective as of November 13-19, 2008
Dividends are compounded and paid monthly based on the average daily balance. |
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| Renewal | You have 7 calendar days from the date of maturity to redeem or withdraw from your Share Certificate. Unredeemed accounts will automatically rollover, for the same term and at the current rate, on the maturity date. | ||||||||||||||||
| Statements | Issued Quarterly by
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| ASI Insured | Funds are insured up to $250,000 per account. By member choice, this institution is not federally insured. Click here for more information regarding ASI. |
To request a Share Certificate Account Agreement e-mail memberservices@argonnecu.org or call (815) 267-7700 or (866) 469-6228
