Timed Savings with Real Returns

A Share Certificate is a great way to watch your money grow. With minimum deposits starting at $2,500 and plans starting at 6 mos. to as long as 5 years you can earn dividends on your money.  This easy-to-read chart outlines the various certificate options that First Northern offers our members.hour glass time is money

A few things about your certificate:

  • Dividends are compounded annually and credited to your account each month.
  • Your savings are insured by the NCUA (National Credit Union Administration), an agency of the U.S. Government, for up to $250,000.
  • Penalties for early withdrawal are applied.*

As with any investment, we encourage you to speak with a tax advisor before opening an account. Stop by the nearest First Northern Credit Union branch to discuss opening a certificate with any of our Financial Services Advisors.  Get started today to enjoy the benefits of membership.

* Any withdrawal prior to maturity requires the closing of the certificate account. If the account has an original maturity of 12 months or less: the penalty we may impose will be the greater of seven days interest on the amount withdrawn, or up to 90 days' interest, which may include principal. If the account has an original maturity of longer than 12 months and less than 60 months: the penalty we may impose will be the greater of seven days interest on the amount withdrawn, or up to 180 days' interest, which may include principal.  If the account has an original maturity of 60 months or longer: the penalty we may impose will be the greater of seven days interest on the amount withdrawn, or up to 365 days interest, which may include principal. All penalties are calculated on the original certificate balance or the most recent certificate renewal balance.

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Share Certificates $50,000+

6 months 0.25% APY
12 months 0.30% APY
18 months 0.35% APY
24 months 0.40% APY
36 months 0.55% APY
60 months 0.65% APY

 

Share Certificates $25,000 - $49,999.99

6 months 0.20% APY
12 months 0.25% APY
18 months 0.30% APY
24 months 0.35% APY
36 months 0.50% APY
60 months 0.60% APY

 

Share Certificates $2,500 - $24,999.99

6 months 0.15% APY
12 months 0.20% APY
18 months 0.25% APY
24 months 0.30% APY
36 months 0.45% APY
60 months 0.55% APY

APY=Annual Percentage Yield.

Rates subject to change. You must maintain the minimum average daily balance requirement of the account to obtain the disclosed APY. Yields for all share savings accounts are declared quarterly by the Board of Directors. Dividends are paid retroactively and based on earnings for the period. The dividend yield listed is for the period ending 12/31/2020. Yields for other deposit products are declared and paid monthly. Fees may reduce earnings. For Share Certificatess, a penalty may be imposed for withdrawals before maturity.

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