Certificate
How our certificates work
Our best-rate guarantee means if our rate for the same certificate and term rises within 30 days of account opening, we’ll automatically raise your rate to match.
- $500 minimum opening balance.
- Quarterly dividends paid directly to your certificate’s balance (or savings or checking account by request; doing so will reduce your APY).
- Terms range from 6 months to 7 years. Think of it as the "set it and forget it" way to earn. If you need to withdraw your money early, you can, but a penalty may apply.
- College savings and IRA certificates also available.
Introducing additional rewards for saving with SELCO
It’s a simple concept: The more you save with us, the more value we can deliver—no rate chasing required. With our new Certificate Rewards, qualifying members automatically earn an extra 0.25% or 0.50% on all standard certificates.
Certificate Rate Comparison
Certificate Rate and Fee Schedule| Dividend Rate | Annual Percentage Yield | Minimum Balance | |
|---|---|---|---|
| 6 Months | 3.21 % | 3.25 % | $500 |
| One Year | 3.21 % | 3.25 % | $500 |
| 18 Months | 3.21 % | 3.25 % | $500 |
| Two Years | 3.45 % | 3.50 % | $500 |
| Three Years | 3.11 % | 3.15 % | $500 |
| Four Years | 3.16 % | 3.20 % | $500 |
| Five Years | 3.31 % | 3.35 % | $500 |
| Seven Years | 3.55 % | 3.60 % | $500 |
Maintenance and activity fees may apply and could reduce earnings. View our certificate rate and fee schedule here.
IRA certificates
Already have an Individual Retirement Account with SELCO? If you don't plan on making a large withdrawal in the immediate future, adding an IRA certificate is a great way to make your retirement savings earn you more.
Resources
After Recent Decline, CDs Rebound
CD rates are the highest they've been in years, and SELCO’s certificates are offering some of the best returns available. See for yourself how we compare.
5 Misconceptions About CDs
How do certificates of deposit work? Think of CDs (aka, share certificates) as the "set it and forget it" approach to savings.
6 Steps to Prepare for Your (Financial) Future
Small steps and helpful tools—like the right savings account (they’re not all made equal)—can help you get ahead. Here are six small steps you can take.
Time to Rethink Your Savings Strategy
Americans have been hesitant to make saving a high priority. Record-setting inflation and elevated prices of everyday items led to this thinking. However, savings products remain attractive and may help you rethink your savings strategy.