Smart Certificates are specifically designed for and only available to our youth members ages 5 - 18 years old. We created them to help our children learn how to set & reach financial goals while also learning the power of compound interest and earning dividends. We offer six different terms to fit short & long term goals. Here are the finer points:
- Minimum opening deposit of $25.00
- Unlimited deposits thereafter with a minimum deposit amount of $10.00
- Higher dividend rates
- Dividends compounded daily and credited monthly
- Monthly updates mailed to youth showing what they have earned & how close they are to reaching their goal.
Youth members will also receive a tracking sheet designed to be hung on their wall to help remind them of their goals and how close they are to reaching them.
Current Terms & Rates for Smart Certificates:
|3 & 6 Month||APR||APY|
|$25.00 - $500.00||4.883%||5.00%|
|$501.00 - $5000.00||3.923%||4.00%|
|$5001.00 & Above||1.91%||2.00%|
|12, 24, 36 & 48 Month||APR||APY|
|$25.00 - $1000.00||4.879%||5.00%|
|$1001.00 - $5000.00||3.922%||4.00%|
|$5000.00 & Above||1.980%||2.00%|
If you would like more information on our Smart Certificates please contact one of our offices.