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Share Certificate (CD) in Syracuse, NY

Sidney Federal Credit Union offers a Share Certificate (CD) option, an ideal investment for members seeking a low-risk way to grow their savings. With competitive dividend rates and various term lengths, our certificates provide a secure and predictable way to achieve your financial goals. Start maximizing your savings today!

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Features of a Share Certificate (CD) Account in Syracuse, NY

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Competitive Dividends

Sidney Federal Credit Union's Share Certificate (CD) accounts offer competitive dividend returns, offering you financial security and predictability.

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Flexible Terms

Offering a range of term options, these accounts work for both short-term savers and those planning for the longer term.

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Federally Insured

Deposits are federally insured offering peace of mind and security.

Competitive Rates

Competitive Rates

We offer competitive Share Certificate (CD) rates, potentially yielding higher returns compared to standard savings accounts.

Share Certificate (CD) Rates in Syracuse, NY

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As high as APY*

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APY
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Why Choose Us For a Share Certificate (CD) Account?

Competitive Dividend Rates

We typically offer higher dividend rates on Share Certificate accounts (CDs) compared to traditional banks, maximizing your savings growth.

Member-Focused

As a credit union, we operate with our members' best interests in mind, which means lower fees and better member service compared to for-profit banking institutions.

Comprehensive Financial Products

We also offer a wide range of products and services, including checking and savings accounts, loans, and credit cards, making us a one-stop financial institution for you.

Community Involvement

We are committed to the Syracuse, NY community, investing in local projects and charities, providing a sense of belonging and support for members and the local area.

How it works

It is as simple as 1-2-3 to get started

  • 1

    Open an account

    Start your Share Certificate account online or in a branch.

  • 2

    Make initial deposit

    Deposit money to get started.

  • 3

    Earn dividends

    Sit back and watch your savings grow.

Open a Certificate of Deposit Account

Frequently Asked Questions

  • Share Certificates (known as CDs at banks) offer a fixed dividend rate for a predetermined term, often higher than a regular savings account, but penalizes early withdrawals, unlike the more accessible savings account.

  • Yes, Share Certificate accounts are insured by the NCUA up to $250,000 per depositor, per insured credit union, for each account ownership category.

  • Yes, you can open a Share Certificate account for your business. It’s a low-risk investment option, earning dividends over a fixed term. Contact us to learn more.

  • Choosing between long-term and short-term Share Certificates (CDs) depends on your financial goals, interest rate expectations, and liquidity needs. Long-term CDs typically offer higher rates but lock funds for longer. Get in touch so we can talk about your specific goals.

Regular Certificates Rates

as of 12/02/2024

APR= Annual Percentage Rate.

APY = Annual Percentage Yield. The APY assumes dividends will remain on deposit until maturity. Dividends are calculated by the average daily balance method.

Variable Rate Certificates - Rates will only change upon your written request. 12 month share certificates will allow for 1 change and 24 or 36 month share certificates will allow for 2 changes during the certificate term.

Share certificate terms of 9 months or less are subject to a 90-day penalty of dividends. Terms of 10 months or more are subject to a 180 day penalty of dividends. Fees may reduce earnings.

Withdrawals, deposits or change of terms can only be done without penalty on or within 5 business days after the maturity date (excluding the Sprout Saver Certificate, which allows deposits).

All rates are subject to change at anytime. Membership Par Value: to establish a new membership at SFCU a minimum of $5.00 (par value) is required to be deposited and maintained in your primary savings.

Open a Share Certificate

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