Certificate
Earn 5.00% APY — or more!
Save faster with SELCO's 13-Month Accelerator certificate special. Open with a balance of $25,000 or more and earn 5.00% APY. Bring $100,000 or more and earn 5.25% APY.
4.25% APY on 12-month certificates
Not only does our 12-month certificate offer a great rate, it comes with a best-rate guarantee.
- Lock in your savings for just 12 months and earn 4.25% APY (Annual Percentage Yield).
- If our rate for the same certificate and term increases within 30 days, we’ll automatically raise your rate to match. We call it our best-rate guarantee.
- Standard certificate terms and conditions apply (details below).
How our certificates work
Our best-rate guarantee means if our rate for the same certificate and term rises within 30 days of account opening, we’ll automatically raise your rate to match.
- $500 minimum opening balance.
- Quarterly dividends paid directly to your certificate’s balance (or savings or checking account by request; doing so will reduce your APY).
- Terms range from 6 months to 7 years. Think of it as the "set it and forget it" way to earn. If you need to withdraw your money early, you can, but a penalty may apply.
- College savings and IRA certificates also available.
Certificate Rates (accurate as of February 24, 2023)
| Features | Dividend Rate | Annual Percentage Yield (APY) | Minimum Opening Balance |
|---|---|---|---|
| 6 Months | 1.00% | 1.00% | $500 |
| One Year | 4.18% | 4.25% | $500 |
| 13 Months Accelerator | 4.91% | 5.00% | $25,000 |
| 13 Months Jumbo Accelerator | 5.15% | 5.25% | $100,000 |
| 18 Months | 4.18% | 4.25% | $500 |
| Two Year | 3.70% | 3.75% | $500 |
| Three Year | 3.36% | 3.40% | $500 |
| Four Year | 3.41% | 3.45% | $500 |
| Five Year | 3.55% | 3.60% | $500 |
| Seven Year | 3.80% | 3.85% | $500 |
| Account Type | 6 Months | One Year | 13 Months Accelerator | 13 Months Jumbo Accelerator | 18 Months | Two Year | Three Year | Four Year | Five Year | Seven Year |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Rate | 1.00% | 4.18% | 4.91% | 5.15% | 4.18% | 3.70% | 3.36% | 3.41% | 3.55% | 3.80% |
| Annual Percentage Yield (APY) | 1.00% | 4.25% | 5.00% | 5.25% | 4.25% | 3.75% | 3.40% | 3.45% | 3.60% | 3.85% |
| Minimum Opening Balance | $500 | $500 | $25,000 | $100,000 | $500 | $500 | $500 | $500 | $500 | $500 |
Maintenance and activity fees may apply and could reduce earnings. View our certificate rate and fee schedule here.
IRA certificates
Already have an Individual Retirement Account with SELCO? If you don't plan on making a large withdrawal in the immediate future, adding an IRA certificate is a great way to make your retirement savings earn you more.
Resources
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