Share Certificates (CDs)

What is a Share Certificate?
Share Certificates are similar to Certificates of Deposit (CDs).  Members may save a specific amount of money for a specified period of time at an agreed rate of interest. Rates are subject to change without notice.  Contact your nearest branch office for current rates.

TEFCU offers 5 types of Certificates which earn interest at rates which are competitive with market rates.  Certificates terms offered include:

Share Certificates offer guaranteed earnings which are paid to you monthly.  Interest rates for Certificates are established weekly based on government securities with like terms.  When you purchase a Share Certificate, the current rate is fixed until the Certificate reaches maturity.  The interest earned on the Certificate is paid and compounded monthly into any account you designate.

Click Here to view current rates.

Is a Share Certificate a safe investment?
A Certificate at TEFCU is insured, along with your other credit union deposits, to an aggregate total of $250,000 by the National Credit Union Administration (NCUA), an agency of the Federal government.

How do I begin saving with a Share Certificate?
With a minimum deposit of $1,000 you can purchase any term Certificate.  Also available is our $10,000 minimum Certificate which offers an even higher yield.  There is no limit to the number of Certificates you can purchase, and they may be purchased at different intervals. 

To purchase your Share Certificate, simply stop by one of our convenient locations.  You can purchase a Certificate with a check, cash, or have the money transferred from one of your credit union accounts.

Is there a penalty for withdrawal on a Share Certificate?
Certificates can be cashed in prior to maturity, but a penalty will be imposed on the amount withdrawn.  Below are the stipulations:
          If the term of the Certificate is less than one year, the forfeiture is an amount 
          equal to three months dividends, whether earned or not.
          If the term of the certificate is one year or more, the forfeiture is an amount 
          equal to six months dividends, whether earned or not.

          In the even of death or disability, no penalty is assessed.

Share Certificate Rates updated 2/12/2019
Length of Share Certificate

APY for Balance 

APY for Balance 
Over $10,000
1 Year 1.93% 2.18%
2 Years 2.18% 2.43%
3 Years 2.43% 2.68%
4 Years 2.68% 2.93%
5 Years 2.78% 3.03%

Also available, IRA CDs.

Ask about our Bump-Up Option on 2-Year or higher Certificates. 
Click here to send us an email.

*APY=Annual Percentage Yield.  Rates subject to change without notice. Contact us at 903-892-1505 or visit your nearest TEFCU Branch for more information.