Short /Long Term Share Certificates
The Credit Union also offers share certificates for short and long-term investments. These accounts earn a higher yield than the regular share accounts. With a low-minimum balance to open a Share Certificate, you can choose the term that works best for you. Plus, as a convenience to you, your Share Certificate will automatically renew at maturity at the prevailing rate, unless you choose otherwise.
Take advantage of El Paso Corporation Federal Credit Union's Certificates for high-rate dividends:
- With just $2,000 you can select 6, 12, 24, 36, 48, and 60 month terms.
- Dividends are computed monthly on the average daily balance and paid monthly.
- Provides flexibility as dividends can be credited to your certificate principal, to your savings account, or mailed directly to you.
- The certificate is subjected to an early withdrawal penalty.
Term Share Certificate Accounts
(For the week of July 1 - 7, 2009)
|
Term |
Dividend Rates |
APY** |
|
6 months
|
1.50%
|
1.51% |
|
12 months |
1.75% |
1.77% |
|
24 months
|
2.00% |
2.02% |
|
36 months
|
2.50%
|
2.52%
|
|
48 months 2.90% 2.94%
60 months 3.00% 3.04%
Share Certificates yields are subject to change weekly.
|
|
** Annual Percentage Yield
|
Early Withdrawal Penalty: The forfeiture for early withdrawals is calculated on the amount withdrawn unless the amount withdrawn reduces the balance below minimum balance. The forfeiture is then calculated on the entire balance of the certificate.
For additional information and full disclosure, call the credit union for details. l Paso Corporation Federal Credit Union has been helping its members for 60 years. We offer a
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