Term certificates are a type of savings account with a specified term, maturity date, and dividend rate. Terms range from just 3 months to 5 years. Each term requires a different minimim deposit.
Accounts are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by the National Credit Union Administration, an agency of the U.S. Government.
A Penalty will be imposed for early withdrawal of all term share certificates.