KEMBA Certificates are an excellent investment tool offering highly competitive dividend rates with a wide-range of maturities – from 3 months to 7 years – to fit your financial needs.
To reduce the likelihood of paying an early withdrawal penalty on your hard-earned money, we highly recommend not relying upon your Certificates for emergency savings, and instead having three to six months of liquid funds available should the unexpected occur. Check out our Money Market accounts for a more flexible option!
For full Membership Agreements and Disclosures, please click here.
1For the current dividend rate and corresponding Annual Percentage Yield (APY), refer to the account disclosure rate supplement or our current rates page.
3The minimum balance required to open this Account is $500.00. You must maintain a balance equal to the minimum balance required to open Your Account each day to obtain the disclosed annual percentage yield and to keep Your Account open.
4Your Account will mature after the term indicated on the accompanying account disclosure rate supplement. Your Account will renew automatically at maturity. You will have a grace period of 10 calendar days following the Maturity Date to make withdrawals and/or deposits without penalty.
Early Withdrawal Provisions: We will impose a penalty if you withdraw any of the principal funds before the maturity date. The penalty imposed will equal the greater of: (i) 50.00% of the dividends accrued on the principal amount withdrawn; (ii) 7 days’ dividends accrued on the principal amount withdrawn; or (iii) $25.00.
Transaction Limitations: Once your account is established, you may not make deposits into your account until the maturity of your account. If you exceed this limitation, your account may be subject to closure by the Credit Union.