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SHARE CERTIFICATE ACCOUNTS – CD’s

When you have extra cash on hand, consider opening a Share Certificate account (CD) and watch your money grow.  Your earnings are fixed for the period of time you select, either 6 months or 12 months. Dividends are compounded and paid quarterly.  Rates vary, so check below for the current rate being paid on the particular CD in which you wish to invest.

(Rates subject to change – please check during hours of operation for current rate)  Current Rate: 5/20/24
Minimum Opening Deposit Minimum Balance to Earn the Stated APY Annual Percentage Rate Annual Percentage Yield
BEE Share Certificate
     6 Month Term $10,000.00 $10,000.00 4.13% 4.19%
    12 Month Term $10,000.00 $10,000.00 4.08% 4.14%
JUMBO Share Certificate
     6 Month Term $50,000.00 $50,000.00 4.18% 4.24%
    12 Month Term $50,000.00 $50,000.00 4.13% 4.19%

The annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid on an account based upon the dividend rate and frequency of compounding for an annual period.  For all accounts, the dividend percentage rate and annual percentage yield are fixed and will be in effect for the initial term of the account.

For each account, the dividend period is the account’s term. The dividend period begins on the first day of the term and ends on the maturity date.  The dividends are compounded and paid quarterly.  Dividends are calculated by applying the periodic rate to the average daily balance in the account for the dividend period.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

For all accounts, your ability to make additional deposits to your account is restricted.  However, at any time an additional CD can be opened.  After your account is opened, you may make a withdrawal subject to an early withdrawal penalty.  The amount of the early withdrawal penalty is 90 days’ dividends (interest). The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account.  It applies whether or not sufficient dividends have been earned.  In other words, if the account has not yet earned enough dividends, the penalty will be deducted from the principal.  For all accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.

Your money is secure with BEEFCU. All accounts are insured up to $250,000.  Check out the NCUA promise.

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