With our highest rate of return on one of our shortest-term share certificates, let us help your money grow! This 10-month share certificate offers 5.20% APY* with at least $10,000 coming from sources other than Member One.
How Can I Open One?
Member One offers three ways to open a share certificate:
- Visit one of our 15 retail center locations.
- Call 800.666.8811 and one of our Contact Center team members can assist you.
This Share Certificate offers amazing benefits!
How Does Your Rate Compare to Other Credit Unions and Banks?
We want you to know you're getting the most savings with us, so we've done the research for you! We've even linked out to our competitor's websites so you know our Share Certificate is the best out there!
- Atlantic Union Bank - 5.00% APY, $1,000 minimum, 7-month CD
- Bank of Botetourt - 5.09% APY, $2,500 minimum, 12-month CD
- Carter Bank & Trust - 5.01% APY, $100 minimum, 7-month CD
- Freedom First Credit Union - Will match and exceed competitor's rates with at least $25,000 deposit
- National Bank - 5.05% APY, $500 minimum, 8-month CD
- ValleyStar Credit Union - 3.04% APY, $10,000 minimum, 24-month Share Certificate
- Wells Fargo - 5.00% APY, $5,000 minimum, 11-month CD
Competitor Rates as of November 22, 2023
Here are the answers to some common questions you may have about Share Certificates:
This particular product really is second-to-none in offering low risk, as far as term, and top-tier return. Planning ahead for a dream vacation, college tuition, or something else on the horizon? This could be the financial solution for you! Due to their high rate of return, they also work wonderfully as short-term savings solutions. They work best for those who, because of the withdrawal penalty, can be without that money until the share certificate has matured.
It's important to note that you once you make your initial deposit, if you access that money before the certificate matures, you won't receive all the interest you've earned on that investment. Before opening a Share Certificate, take a look at what other investment and savings options Member One has to offer!
Simply put, not much. Credit unions issue Share Certificates to their members, while banks issue certificates of deposit (CDs) . Share Certificates are insured up to $250,000 by the National Credit Union Administration (NCUA), while CDs are insured up to the same amount by a different institution. Both are great, low-risk ways to save for big upcoming purchases. With such a high, guaranteed rate of return, they also serve as great short-term investments.
*APY means Annual Percentage Yield. 10-month rate effective as of 5/01/2023. Rate applies only to new share certificates and is subject to change at account renewal. $10,000 is required to open this Share Certificate at this promotional rate, and minimum $10,000 must come from sources other than Member One Federal Credit Union. A penalty may be imposed for early withdrawals and fees may reduce earnings. Other restrictions may apply. This promotion is subject to change or end at any time. Membership eligibility required. Federally insured by NCUA.
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