Minimum Balance $500 or $1,000

Not many things in life are guaranteed, especially when you’re talking about money. With a Silver Share Certificate, lock in your guaranteed dividend rate with a low minimum deposit and a term of 90 days, 6 months, 1, 2, 3, 4, or 5 years. Dividends on all certificates are calculated daily and compounded quarterly and at maturity.

UIECU has a $1,000 minimum on 90-day and 6-month certificates and a $500 minimum deposit for the 1 to 5 year certificates. The penalty for early certificate withdrawals is the loss of 90 days dividends on the original or renewal certificate amount.

Members under the age of 18 can save money in a Silver Share Certificate, just like adults can. The great thing is they only need half the normal minimum balance to open the account. The Smart Saver Certificate minimum balance is $500 for 90 day and 6 Month or $250 for 1, 2, 3, 4, or 5 year certificates. The youth still earn the same dividend rate as a normal Silver Share Certificate but the lesser minimum balance can help them start earning sooner.

TIP:  To open a membership or Smart Saver Certificate for a child, all you need is their birth certificate, social security number, and one of the child’s guardians as a joint owner on the account. Help kids earn better dividends by helping them become Smart Savers! 

Planning to buy a new home, but worried about the down payment or closing costs you’ll need? A Home Buyers Certificate* could be your answer.