U of I Employees Credit Union
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Silver Share Certificates

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 for certificates with terms less than 12 months is a 90-day dividend penalty, certificates 12 months and over have a 180-day dividend penalty. 

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, original social security card, 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! 

 Home Buyers Certificate

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.

The certificate gives you the option to add funds at any time during the 12-month term. There’s no penalty for early withdrawal if the funds are used for a down payment and/or closing costs as long as your mortgage is with UIECU.
Get started with the savings you need. Lock in at the 1 year rate today! Call us to find out more at 217-278-7700 or contact us at info@uiecu.org.

*Some restrictions may apply. Minimum to open certificate is $500, minimum addition of $250 per transaction. $20,000 maximum dollar amount for Home Buyers Certificate. Maximum of one (1) Home Buyers Certificate per member. Early withdrawal penalties apply unless 75% of balance is used for the down payment and/or closing costs in conjunction with a UIECU mortgage loan.

Related Pages:  [Savings FAQs] [IRA Share Certificates]

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PO Box 500
Champaign, IL 61824-0500

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