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Certificate

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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. 
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Introducing additional rewards for saving with SELCO

It’s a simple concept: The more you save with us, the more value we can deliver—no rate chasing required. With our new Certificate Rewards, qualifying members automatically earn an extra 0.25% or 0.50% on all standard certificates. 

Certificate Rate Comparison Accurate as of Wednesday, April 17, 2024

Certificate Rate and Fee Schedule
Dividend Rate Annual Percentage Yield Minimum Balance
6 Months Dividend Rate4.18 % APY4.25 % Minimum Opening Balance$500
One Year Dividend Rate4.18 % APY4.25 % Minimum Opening Balance$500
18 Months Dividend Rate4.18 % APY4.25 % Minimum Opening Balance$500
Two Years Dividend Rate3.70 % APY3.75 % Minimum Opening Balance$500
Three Years Dividend Rate3.36 % APY3.40 % Minimum Opening Balance$500
Four Years Dividend Rate3.41 % APY3.45 % Minimum Opening Balance$500
Five Years Dividend Rate3.55 % APY3.60 % Minimum Opening Balance$500
Seven Years Dividend Rate3.80 % APY3.85 % Minimum Opening Balance$500

Maintenance and activity fees may apply and could reduce earnings. View our certificate rate and fee schedule here.

IRA certificate planning

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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After Recent Decline, CDs Rebound

CD rates are the highest they've been in years, and SELCO’s certificates are offering some of the best returns available. See for yourself how we compare.

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5 Misconceptions About CDs

How do certificates of deposit work? Think of CDs (aka, share certificates) as the "set it and forget it" approach to savings.

Young woman on a laptop.

6 Steps to Prepare for Your (Financial) Future

Small steps and helpful tools—like the right savings account (they’re not all made equal)—can help you get ahead. Here are six small steps you can take.

Couple with their daughter in the kitchen.

Time to Rethink Your Savings Strategy

Interest rates are slowly inching up, and the Federal Reserve has signaled that they will continue to rise incrementally. Now is an excellent time to begin rethinking your savings strategy.