Your money is safe
Insured up to $250,000 by the National Credit Union Administration (NCUA).
No risky unknowns
A guaranteed rate means savings growth you can count on. No need to worry about market volatility.
Low opening deposit
Everyone should have a chance to build their savings. At Everwise you only need $500 to open a certificate.
*APY = Annual Percentage Yield. APY accurate as of the effective date listed for the respective certificate. Limited time only and subject to termination without notice. Minimum balance required to earn APY is $500. Early withdrawal penalty may apply, which may reduce earnings. Not available on HSA certificates.
Two options to open your share certificate:
Open a certificate online in minutes—have your Social Security number and ID ready. For IRA certificates, schedule a branch appointment.
What is a share certificate?
What is a share certificate?
A share certificate is a federally insured savings account with a fixed dividend rate and a fixed date of maturity. The dividend rates of these accounts tend to be higher than those on savings accounts. You have less flexibility in exchange for a higher rate.
A typical certificate will not allow you to add any money after you’ve made your initial deposit. You also won’t be able to withdraw your funds before the maturity date without paying a penalty.
Is a share certificate for everyone?
Is a share certificate for everyone?
While keeping your savings in a certificate can be an excellent option for your money, it is not for everyone. Before you move forward with opening a certificate, be sure you won’t need to access the funds before the certificate’s maturity date. It’s best to have a separate emergency fund set aside to help you through an unexpected expense.
With certificates, what is compounding dividends?
With certificates, what is compounding dividends?
The dividends earned on your certificate is added to your certificate balance at regular intervals. This is called "compounding." You can collect all of your earned dividends when your certificate matures at the end of the term.
Do I need to be an Everwise member to open a certificate?
Do I need to be an Everwise member to open a certificate?
Yes! New members will need to make a $5 initial Share deposit prior to opening any additional deposit account or entering into any loan agreement. If you live or work in the majority of counties in Indiana or in south west Michigan you can become a member.
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This quick interactive module helps you learn about the benefits, potential risks, and the decision-making process for opening a certificate.
Subject to membership eligibility requirements. Loans subject to credit approval. Borrower must be a resident of Indiana or Michigan, and for home loans property must be in Indiana or Michigan. All credit union programs, rates, terms, and conditions may change without notice.