HOORAY FOR YOU AND Your SUMMIT CERTIFICATE
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Save for a housePut money away for a down payment without being tempted to raid your account for other things. We’ll waive any early withdrawal penalties when you get a Summit home loan.*
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Save for retirementYou always have the option to convert your certificate to an IRA.
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Save securelyThe NCUA insures savings and certificate deposits to at least $250,000.
Today's interest rate is great, but what if tomorrow's is better? With the Rate Riser Certificate, you can increase your dividend rate once if interest rates go up during the 24-month term.
- Open your account with as little as $1,000
- Get a one-time bump if rates go up during the certificate’s term
- Available for a 24-month term
A certificate is a simple, secure way to invest your money.
- You make a single deposit and the longer the term, the higher the dividend rate
- Get started with as little as $500
- Choose a 3- to 60-month term
Want the flexibility to add to your certificate over time? This is a good certificate option for you.
- Start with as little as $250 - add up to $10,000 more over the life of the certificate
- Choose the term that works for you - choose a 6-, 12-, 18- or 24-month term
| Type and Term | Minimum Balance to Earn APY | Dividend Rate | Annual Percentage Yield | |
| 3 Months | $500 | 0.05% | 0.05% |
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| 6 Months | $500 | 0.10% | 0.10% |
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| 9 Months | $500 | 0.15% | 0.15% |
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| 12 Months | $500 | 0.20% | 0.20% |
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| 18 Months | $500 | 0.20% | 0.20% |
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| 24 Months | $500 | 0.25% | 0.25% |
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| 36 Months | $500 | 0.30% | 0.30% |
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| 48 Months | $500 | 0.35% | 0.35% |
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| 60 Months | $500 | 0.45% | 0.45% |
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| 6-Month Certificate Plus | $250 | 0.05% | 0.05% |
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| 12-Month Certificate Plus | $250 | 0.15% | 0.15% |
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| 18-Month Certificate Plus | $250 | 0.15% | 0.15% |
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| 24-Month Certificate Plus | $250 | 0.20% | 0.20% |
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| 24-Month Rate Riser2 | $1000 | 0.15% | 0.15% |
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How interest is calculated can have a great impact on the interest earned by your account and how your savings grow.
WHAT WILL MY SAVINGS BE WORTH?
Find out what your savings could be worth in the future.
Calculate exactly what it will take to reach your savings goal.
If you are already a saver, you might ask yourself the question "what if I save more"?
Find out if your savings plan could make you a millionaire.
Provided by Summit Financial Advisors
Should your refund be spent? In 2014, more than 109 million tax filers received federal tax refunds, with the average refund at $2,792. What happens to that money?1
