Fixed-Rate Certificate
Save hard without a second thought.
Fixed-Rate Certificate 101
A certificate is an earnings-driven savings account, similar to a CD in the traditional banking world. Our Fixed-Rate Certificate offers quarterly dividends and competitive rates, only takes $1,000 to start up, and allows you flexible terms of anywhere from 6 to 60 months.
Higher earnings go low maintenance.
Saving big can be simple (pinky swear). Our Fixed-Rate Certificate offers competitive rates and earns you quarterly dividends so you can reach your savings goals without thinking too hard about it. If you’re looking for a set-and-forget savings option you can always count on, you’ve found it.
Fixed Rate Certificate Rates
| Type | Fixed Rate Certificate | 6 Month |
| Dividend Rate | 4.329% |
| APY* | 4.40% |
| Balances | $1,000.00 Minimum Balance to Earn Stated APY |
| Dividends Compounded | Quarterly |
| Type | Fixed Rate Certificate | 12 Month |
| Dividend Rate | 4.088% |
| APY* | 4.15% |
| Balances | $1,000.00 Minimum Balance to Earn Stated APY |
| Dividends Compounded | Quarterly |
| Type | Fixed Rate Certificate | 18 Month |
| Dividend Rate | 3.650% |
| APY* | 3.70% |
| Balances | $1,000.00 Minimum Balance to Earn Stated APY |
| Dividends Compounded | Quarterly |
| Type | Fixed Rate Certificate | 24 Month |
| Dividend Rate | 3.601% |
| APY* | 3.65% |
| Balances | $1,000.00 Minimum Balance to Earn Stated APY |
| Dividends Compounded | Quarterly |
| Type | Fixed Rate Certificate | 36 Month |
| Dividend Rate | 3.259% |
| APY* | 3.30% |
| Balances | $1,000.00 Minimum Balance to Earn Stated APY |
| Dividends Compounded | Quarterly |
| Type | Fixed Rate Certificate | 48 Month |
| Dividend Rate | 3.211% |
| APY* | 3.25% |
| Balances | $1,000.00 Minimum Balance to Earn Stated APY |
| Dividends Compounded | Quarterly |
| Type | Fixed Rate Certificate | 60 Month |
| Dividend Rate | 3.211% |
| APY* | 3.25% |
| Balances | $1,000.00 Minimum Balance to Earn Stated APY |
| Dividends Compounded | Quarterly |
*APY = Annual Percentage Yield. Early Withdrawal Penalty Fees could reduce earnings. Penalties will/may be imposed for early withdrawal on time accounts. Rate is accurate as of November 8, 2024.
Fixed-Rate Certificate Benefits
Helpful Resources
FAQs
What is a Fixed Rate Certificate?
A certificate is an earnings-driven savings account, similar to a CD in the traditional banking world. Each one comes with a variety of options in regards to term length, rate types, and flexibility. A fixed-rate certificate is unique in that it has an unchanging rate during the entire term of the certificate. This means no rate fluctuations and no uncertainty.
Can I add additional deposits to the Fixed Rate Certificate?
Additional deposit are not allowed in the Fixed Rate Certificate.
What documents do I need to open a Fixed Rate Certificate account?
To verify your identity, we always ask that you come prepared with a government issued ID. It is important that it is not expired. Examples of acceptable IDs include a State Driver's License or a U.S or Foreign Passport. If we have trouble validating your ID, we may ask for a secondary ID. For children, we have a variety of other documents we can use to verify identities. These include social security cards, birth certificates, medicaid cards, and insurance cards. If you have a question about whether or not an ID can be used, just text us at 931.431.6800.
Can I open a Fixed Rate Certificate online or do I need to open it at a branch location?
You can open this account online or in-person. The choice is yours.
Who is eligible to open a Fixed Rate Certificate?
To be able to open a Fixed Rate Certificate, you must meet the following eligibility requirements: (1) You must be 18 years of age or older (2) You must live, work, worship, or attend school in one of our service regions; join an affiliated partner, or have an immediate family member who is a Fortera member. Our service regions include Montgomery, Stewart, Chester, Decatur, Lewis, McNairy, and Perry counties in Tennessee or Christian, Trigg, Todd, McLean, and Webster counties in Kentucky. Residents of other counties in Tennessee, Kentucky, Alabama, and Arkansas may also be eligible. (3) You must have a Share Savings Account to establish Fortera Credit Union Membership.
How much is the minimum deposit for a Fixed Rate Certificate?
The minimum deposit required to open a Fixed Rate Certificate is $1,000.
What are dividends and how do they work for the Fixed-Rate Certificate?
Dividends are extra money that your account earns just by being open and meeting our minimum account dividend-earning value. The Fixed Rate Certificate earns dividends quarterly as long as your account has at least $1,000 deposited in it. It is just another way we like to say thank you to our members for trusting us with your heard earned "dough". To learn more about what the current dividend rate is and our other savings accounts that earn dividends, please see our Rate and Fee Disclosure.
