The ideal investment offers a high return, safety and flexibility.Apply Now!
The ideal investment offers a high return, safety and flexibility.
- Savings certificate or IRA certificate accounts can be opened with as little as $1,000.
- Savings certificate accounts are insured for up to $250,000 by the National Credit Union Administration (NCUA), a federal government agency. IRA certificates are insured separately for up to an additional $250,000.
- Flexible terms range from 3 months to ten years
- Account holders may borrow against saving certificate accounts for only 3.00% more than the rate being earned on the account.
Getting started: Existing Sonoma Federal Credit Union members can mail an initial opening deposit of $1,000 or more to the credit union. Be sure to include a note stating that the money is for a new certificate account and specify the term you desired.
Build Your Future CD
This is a unique certificate designed to help boost your savings goals. You decide how much money you want to save in what time frame. As you grow the CD, we will pay you the monthly dividend at the money-making compounding rate as if you had deposited the funds up front.
For example: You have decided to save for a down payment on a home. You would like to save this money in 5 years and you want to save $25,000. We will calculate your monthly deposit into the CD so you will have this amount saved in your time frame. At our current rates, it would be $87.94 a week. In 60 months, your certificate's estimated future value would be approximately $25,000.00