Certificates
Fire up your savings
Save faster with SELCO's 9-month Accelerator certificate. Bring $25,000 or more and earn 5.25% APY. Deposit $100,000 or more, and earn 5.5% APY.
4.25% APY on 12-month certificates
Not only does our 12-month certificate offer a great rate, it comes with a best-rate guarantee.
- Lock in your savings for just 12 months and earn a guaranteed 4.25% APY (Annual Percentage Yield).
- If our rates increase within 30 days, we’ll automatically raise your rate to match. We call it our best-rate guarantee.
- Standard certificate terms and conditions apply (details below).
How our certificates work
Our best-rate guarantee means if our rate rises within 30 days of account opening, we’ll automatically increase your rate to match.
- $500 minimum opening balance.
- Quarterly dividends paid directly to your certificate’s balance (or savings or checking account by request).
- Terms range from 6 months to 7 years. Think of it as the "set it and forget it" way to earn. If you need to withdraw your money early, you can, but a penalty may apply.
- College savings and IRA certificates also available.
Certificate Rates (accurate as of February 1, 2023)
| Features | Dividend Rate | Annual Percentage Yield | Minimum Balance |
|---|---|---|---|
| 6 Months | 1.00% | 1.00% | $500 |
| 9 Months Accelerator | 5.15% | 5.25% | $25,000 |
| 9 Months Jumbo Accelerator | 5.39% | 5.50% | $100,000 |
| One Year | 4.18% | 4.25% | $500 |
| 18 Months | 4.18% | 4.25% | $500 |
| Two Year | 3.70% | 3.75% | $500 |
| Three Year | 3.36% | 3.40% | $500 |
| Four Year | 3.41% | 3.45% | $500 |
| Five Year | 3.55% | 3.60% | $500 |
| Seven Year | 3.80% | 3.85% | $500 |
| Account Type | 6 Months | 9 Months Accelerator | 9 Months Jumbo Accelerator | One Year | 18 Months | Two Year | Three Year | Four Year | Five Year | Seven Year |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Rate | 1.00% | 5.15% | 5.39% | 4.18% | 4.18% | 3.70% | 3.36% | 3.41% | 3.55% | 3.80% |
| Annual Percentage Yield | 1.00% | 5.25% | 5.50% | 4.25% | 4.25% | 3.75% | 3.40% | 3.45% | 3.60% | 3.85% |
| Minimum Balance | $500 | $25,000 | $100,000 | $500 | $500 | $500 | $500 | $500 | $500 | $500 |
Certificate Rate and Fee Schedule
Maintenance and activity fees may apply and could reduce earnings.
Resources
After Recent Decline, CDs Rebound
CD rates are the highest they've been in years, and SELCO’s certificates are offering some of the best returns available. See for yourself how we compare.
5 Misconceptions About CDs
How do certificates of deposit work? Think of CDs (aka, share certificates) as the "set it and forget it" approach to savings.
6 Steps to Prepare for Your (Financial) Future
Small steps and helpful tools—like the right savings account (they’re not all made equal)—can help you get ahead. Here are six small steps you can take.
Time to Rethink Your Savings Strategy
Interest rates are slowly inching up, and the Federal Reserve has signaled that they will continue to rise incrementally. Now is an excellent time to begin rethinking your savings strategy.