Certificates
When you can earn this much, it's definitely worth the wait.
With a Neighbors FCU Certificate, it doesn't take a complicated financial strategy to get more from your money. All it takes is a bit of patience.
It's time well spent
Choose savings periods of 3 to 60 months
Enjoy bigger dividends
Safe, secure savings tool
Ideal for retirement planning
Trying to build a big retirement nest egg? Maximize your earnings by combining the attractive earning power of a Certificate with the tax advantages of an IRA.
A saving strategy that fits your personal timeline
You've done the planning. You know exactly what you might need money for in the near future. So now you can choose the right Neighbors FCU Certificate - one that will mature when next semester's tuition is due, or when the roof needs to be replaced next year, or when you're ready for a new car a few years down the road.
- $1,500 minimum deposit
- Savings terms of 3, 6, 9, 12, 18, 24, 30, 36, 48, or 60 months
- Certificates feature higher dividend rates than most savings accounts
- In general, longer term Certificates have the best rates
- Lock in a fixed rate for the entire Certificate term and save with confidence
- Automatic renewal available at current rates
Retirement IRAs
- $1,500 minimum deposits
- Savings terms of 3, 6, 9, 12, 18, 24, 30, 36, 48, or 60 months
- Certificates can be included in both Traditional and Roth IRAs
Share Certificate FAQs
A share certificate enables you to earn a fixed interest rate over a specified duration. It’s a secure investment avenue where you deposit a certain sum and agree to keep it untouched for a pre-set term, typically spanning three months to five years.
The primary objective of a share certificate is to guarantee you a return on your investment. Unlike a conventional savings account, share certificates operate with a fixed term and a fixed interest rate. This means you can predict exactly how much you will earn over the certificate’s term and plan your finances accordingly. Additionally, share certificates generally offer higher interest rates than other savings accounts, making them a more enticing option for those seeking to maximize their earnings.
Investing in share certificates brings multiple benefits. First, it offers a secure route to grow your savings. The funds you deposit are insured by the National Credit Union Administration (NCUA) up to $250,000, offering you peace of mind. Second, share certificates provide higher interest rates than regular savings accounts, letting your money work harder for you. Finally, investing in a share certificate means committing to a fixed term, which can deter impulsive spending and promote long-term financial planning.
It’s crucial to consider a few key factors before opening a share certificate account. First, decide on the term length that aligns with your financial goals. Neighbors Federal Credit Union offers various term options ranging from 3 months to 5 years. Second, consider the minimum deposit required for a share certificate. Our credit union requires a minimum deposit of $1,500 to open a share certificate account.
At Neighbors FCU, we are committed to helping our members make informed financial decisions. Our share certificate accounts offer competitive rates and flexible terms to meet your savings goals.
Neighbors Federal Credit Union is a full-service financial institution with branches serving the South Louisiana parishes of Ascension, East Baton Rouge, East Feliciana, Iberville, Livingston, Pointe Coupee, St. Helena, West Baton Rouge and West Feliciana.
Seamless Checking with Zero Hassles
- Free accounts
- Mascot accounts
- Earn dividends
- Visa debit card for easy purchases
- Online and Mobile Banking tools