PENALTY-FREE CERTIFICATE
Storing money in one secure location for an extended period works great for some, but everyone is different. If you would prefer the freedom to withdraw from your share certificate before its maturity date, we have an option for you—a nine-month, no penalty share certificate.
Standard share certificates offer higher annual percentage yield (APY) and dividend rates than savings accounts. However, the initial deposit and dividends must remain in the account through maturity.
Our no-penalty certificate is different. The deal is just as it sounds—a nine-month certificate that gives you the freedom to withdraw funds at any time. Deposit $5,000 or more to access a certificate that grows according to a flat APY rate. You can withdraw as much as you need at any time—just keep your balance above the $5,000 minimum.
FEATURES
Join our faM1ly to access one of the best no-penalty certificates available. You'll get:
Penalty-free withdrawals
Flat APY
Dividend payments
Management through digital banking
THE RIGHT FIT FOR YOU?
Flexibility is quite the convenience, especially paired with financial growth. Choose a nine-month, penalty-free certificate for the ability to withdraw money as needed. If you have $5,000 to deposit and a short-term financial goal, this nine-month, no-penalty certificate will work for you.
With a higher APY rate than any savings account, this is a great option for anyone looking for short-term growth. Open an account early in the year to save for expenses you anticipate at the year's end. From next year's college tuition payments to a home remodeling project or a summer vacation, this certificate can build funds for an expense on the horizon.
Common Questions
Other certificates are subject to early withdrawal penalties, but you can withdraw as often as you need with a nine-month penalty-free certificate.
This certificate offers a higher APY rate than savings accounts.
Rates vary daily, so check today's online.
The minimum deposit and balance are $5,000.
You can withdraw funds by visiting a nearby Members 1st branch or transferring money at your fingertips using one of our digital banking options.
READY TO SAVE WITH FLEXIBILITY?
A nine-month, no-penalty certificate will allow you to withdraw money or transfer it between Members 1st accounts. Opening a no-penalty certificate is easy in online banking. Simply log in below to get started. Or, if you prefer to stop by a branch, our associates would be happy to help you.