Don’t let your money sit without giving it a workout. Put it into one of our Share Certificates – where it will earn a higher interest rate for you.
You have the option to choose from a variety of certificates with terms ranging from 6 to 60 months with competitive high yields, guaranteed through the term of deposit. The minimum deposit is $1,000 and your funds are insured up to at least $250,000 by the National Credit Union Administration.
If you are looking for an option with less money upfront, try our Asset Builder Certificate.
AgFed is always here to assist you in building your savings - unlike other certificates that require a $1,000 minimum deposit, the 24-month Asset Builder can be opened with NO MINIMUM BALANCE. Once your certificate is open, deposits can be made at any time and in any amount by payroll deduction, mail or in person. Dividends are paid quarterly.
Share Certificate FAQs
*APY is Annual Percentage Yield. Rates are subject to change without notice.
**Early withdrawal fee applies.
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: For Asset Builders only, you may make additional deposits into the certificate throughout the term. No additional deposits are allowed into regular Share certificates or IRA certificates except during the grace period.
EARLY WITHDRAWAL PENALTIES: If certificate funds other than dividends are withdrawn prior to maturity, a substantial penalty is imposed as follows: If the qualifying period is 11 months or less the member shall forfeit an amount equal to the lesser of: (A) All dividends for 90 days on the amount withdrawn, or (B) All dividends on the amount withdrawn since the date of issuance or renewal.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 qualifying period 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than 60 months, the member shall forfeit an amount equal to the lesser of: (A) All dividends for 180 days on the amount withdrawn, or (B) All dividends on the amount withdrawn since the date of issuance or renewal.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 qualifying period is 60 months or greater, the member shall forfeit an amount equal to the less of: (A) All dividends for 365 days on the amount withdrawn, or (B) All dividends on the amount withdrawn since the date of issuance or renewal.
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.
NO PENALTY CERTIFICATE: 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.
Click here to view the complete Share Rates/Truth In Savings Disclosure.