Certificates

Ladder Investments for Steady Returns

When investing your hard-earned money, you want to earn the best rates possible. Certificate laddering can help you do just that. Laddering allows you to control the terms while getting the liquid availability you want. For example, instead of opening one 5-year certificate for $25,000; open five certificates for $5,000 each for the following terms:

  • 12 months (1 year)
  • 24 months (2 years)
  • 36 months (3 years)
  • 48 months (4 years)
  • 60 months (5 years)

As each certificate matures, you can either use the funds you need or renew into another 5-year term like in the example below.

Certificate Term and Maturity Date Information

Original
Term
Original
Maturity Date
Renew
Info
Next
Maturity Date
12 months
(1 year)
1/10/2020 60 months
(5 years)
1/10/2025
24 months
(2 years)
1/10/2021 60 months
(5 years)
1/10/2026
36 months
(3 years)
1/10/2022 60 months
(5 years)
1/10/2027
48 months
(4 years)
1/10/2023 60 months
(5 years)
1/10/2028
60 months
(5 years)
1/10/2024 60 months
(5 years)
1/10/2029

 

So why ladder? Referring to the example, 20% (or $5,000) of your original $25,000 certificate (plus the accrued dividends for that certificate) is made available to you each year. By renewing each maturing certificate into a 5-year certificate, you’ll be earning a higher rate than if you’d simply continued with another 12- or 24-month certificate (laddering isn’t limited to the 12- month through 5-year example above). The strategy works to your advantage because after a few of your certificates mature and are renewed into another 5-year certificate, you’ll be earning the highest rate and have a 5-year certificate maturing every year.

The same idea can be applied to shorter- and longer-term examples. It’s really up to you how you want to save and use your funds. Laddering can provide you with a more steady and stable source of savings than a single-certificate investment. The best part is, you can always add funds to your certificate at maturity and watch your savings grow.

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Providing value to our members is one of CCFCU’s top priorities. Offering competitive deposit rates is part of that value. CCFCU accounts pay very competitive dividends with the opportunity to earn higher returns with larger minimum balances. With flexible terms and tiered rates, CCFCU is sure to have the right term deposit account for you. View Our Competitive Rates

Give Yourself a Bright Future with a CCFCU Certificate

Looking for a safe account for your hard-earned savings? CCFCU’s Certificates offer:

  • Security : Individual member funds are insured up to a total of $500,000*. Funds are federally insured up to $250,000 by the National Credit Union Administration (NCUA) and an additional $250,000 privately insured through Excess Share Insurance (ESI) Learn More
  • Fixed Rates : Your rate won’t change for the term of the certificate, giving you steady returns
  • Flexible Terms : We currently offer 6, 9, 12, 24, 36, 48 and 60 month certificates

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IRA Certificates

IRAs give you tax advantages for long-term retirement savings and Certificates give you a fixed rate for the entire term of the deposit. We’ve combined the two to give you more investment options.

CCFCU’s IRA Certificates are one of the safest ways to save for retirement. Our IRA Certificates are insured federally by the National Credit Union Administration (NCUA) and privately through Excess Share Insurance (ESI) for up to a total of $500,000* – federally insured up to the $250,000 by the NCUA and an additional $250,000 privately insured through ESI (Learn More). With a fixed rate for the length of the certificate, IRA Certificates offer steady returns. Plus, as with all of CCFCU’s IRA accounts, there are no maintenance fees.

  • Safe : CCFCU IRA deposits are insured for up to a total of $500,000* – up to the $250,000 by the NCUA and an additional $250,000 through ESI
  • Easy : Convenient automatic renewal
  • Steady Returns : Earn a fixed rate for the term of the certificate

We offer IRA Certificates for the 12 months, 24 months, 36 months, 48 months and 60 months.

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Click here for more information about CCFCU IRAs.

 


NCUA Electronic Share Insurance Estimator

The NCUA Electronic Share Insurance Estimator is available to help members better understand the protection offered by the NCUSIF. This interactive site allows users to input data to compute the amount of NCUSIF coverage available under different account scenarios.

http://webapps.ncua.gov/ins/


 

*All individual share, share draft, and share certificate accounts held by the same member are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI, for a total of $500,000. An individual share account is an account owned by one individual without the right of withdrawal by others. Individual accounts are insured separately from IRA and joint owners.

All joint accounts held by the same member are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI, for a total of $500,000. Joint accounts are insured separately from individual and IRA accounts.

All IRA accounts held by the same member are added together and insured up to $250,000 by the NCUA and an additional $250,000 by ESI, for a total of $500,000. IRA accounts are insured separately from individual and joint accounts. Learn More