Looking for higher yields with more flexibility and a rate that doesn't fluctuate? Our No Penalty Certificate offers the great rates and security of a regular Certificate with the additional freedom to withdraw funds one time during the term without penalty. Hurry, this is a limited-time offer! Get started today.
*APY is Annual Percentage Yield. Rates are subject to change without notice.
**This is a limited-time offer. AgFed reserves the right to terminate or amend this offer at any time without notice. Maximum balance for No Penalty Certificates is $250,000 per Social Security Number. This offer is not valid for funds held in existing AgFed accounts.
FOR CERTIFICATES ONLY
RATE INFORMATION: Fixed rate certificates - The rate will not change over the term of the certificate.
MATURITY DATE: Your certificate account will mature within the term specified in the above table based on the date when the account is opened followed by a 10 day grace period.
TRANSACTION LIMITATIONS: No additional deposits are allowed into regular or IRA certificates except during the grace period. However, additional deposits can be made into Asset Builder certificates.
EARLY WITHDRAWAL PENALTIES: The certificate funds must be on deposit for 30 days. If certificate funds other than dividends are withdrawn prior to maturity, a substantial penalty will be imposed as follows: If the certificate term is 11 months or less the member shall forfeit an amount equal to the lesser of: (A) All dividends for 90 days on the amount withdrawn, or (B) All dividends on the amount withdrawn since the date of issuance or renewal. If the certificate term is greater than 11 months but less than 60 months, the member shall forfeit an amount equal to the lesser of: (A) All dividends for 180 days on the amount withdrawn, or (B) All dividends on the amount withdrawn since the date of issuance or renewal. If the certificate term is 60 months or greater, the member shall forfeit an amount equal to the lesser of: (A) All dividends for 365 days on the amount withdrawn, or (B) All dividends on the amount withdrawn since the date of issuance or renewal. The above-stated penalties will not be applied if the withdrawal is made subsequent to the death of any owner. Penalties may reduce earnings on the account.
WITHDRAWAL OF DIVIDEND PRIOR TO MATURITY: The APY is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.
RENEWAL POLICIES: Your certificate will automatically renew at maturity. The Credit Union will give you at least 14 days notice prior to maturity. There is a 10 day grace period following the maturity of the certificate. Limited offers will mature at a comparable rate and term. See maturity notice for further details.
NO PENALTY CERTIFICATE PRODUCT: When offered, one withdrawal may be made during the original term of the certificate with no penalty imposed. Subsequent early withdrawals may be subject to a penalty as outlined in the Early Withdrawal Penalties section. Penalties may reduce earnings on the account.
Click here to view the complete Share Rates/Truth In Savings Disclosure.