Certificates
Investing is easy with our Certificates.
Enjoy 3.01% APY2 on a 24-month Jumbo Certificate.
Questions? We can help.
CDs versus Certificates: What’s the difference?
A few differences exist between the deposit accounts known as Certificates of Deposits (CDs) and Share Certificates (also known simply as “Certificates”).
The most notable differences are in the name and the type of institution that offers each product. For-profit banks offer CDs, whereas member-owned, not-for-profit credit unions provide Certificates.
The federal government insures CD and Certificate investments: The FDIC backs banks, and the NCUA backs credit unions. CDs and Certificates have fixed terms, often from one year to five years. Certificate and CD rates are competitive and can help you safely and securely grow your savings with their low-risk structure and guaranteed returns.
To estimate what you could earn by investing in a Certificate, use our calculator. Then, check out Connexus’ leading Certificate rates in the tables below.
Certificate yields
Get started by opening your Certificate or Jumbo Certificate today.
Calculator
- How much will I earn? See what your Certificate could be worth at maturity.
Bump-Up Certificate
Our 24-month Bump-Up Certificate offers the option to bump the rate once during the 24-month term.
Available yield
| Term | APY3 |
|---|---|
| 24 months | 2.37% |
| Accurate as of 02/02/2025 | |
Open your Bump-Up Certificate today.
Earn 57% More By Choosing Connexus*
Source: Datatrac. Rates as of February 02, 2025Our Rates
National Average
Big Earnings
Why Connexus?
$5,000 minimum deposit
You don’t need a large investment to start taking advantage of our high yields. However, if you have $100,000 or more, open a Jumbo Certificate to maximize your returns.
No checking account required
There’s no catch, and no strings attached.
Safe & secure
Your money is federally insured by the National Credit Union Administration (NCUA) to at least $250,000. Learn more about how NCUA insurance works and estimate your coverage at MyCreditUnion.gov.
Available across the U.S.
Not a Connexus member? That’s okay. You can become a member in minutes. Learn more about membership here.
Member success stories
Paul
Wisconsin
“Very happy I joined Connexus. Your customer service was excellent and I’m getting a fantastic (Certificate) rate.”
Robert
Florida
“Your people are always very helpful, the service is exceptional, and the rates are very competitive and among the highest available. Thanks for the great experience!”
Learn more about Certificates
Credit Unions vs. Banks: What are the Differences?
While there are many similarities, there are also some very key differences. We’ll explain it all, and then you’ll have the info you need to make your choice.
Certificate Laddering: How to Make Your Money Work Harder
Laddering is a strategy used by the most financially savvy Certificate investors. Find out why it works and how to create your own ladder.
FAQs: You asked. We answered.
General FAQs
Are there penalties for withdrawals before the maturity date?
A penalty may apply if you withdraw funds before the Certificate maturity date.
- If your account has an original maturity date of one year or less, the penalty will equal 90 days of dividends on the amount withdrawn subject to penalty.
- If your account has an original maturity date of more than one year but less than five years, the penalty will equal 180 days of dividends on the amount withdrawn subject to penalty.
- If your account has an original maturity date of five years or greater, the penalty will equal 365 days of dividends on the amount withdrawn subject to penalty.
How often is the dividend on a Certificate compounded?
Dividends will be posted to your account each calendar quarter. We use the daily balance method to calculate the dividends on your account. This method applies a daily periodic rate to the principal in the account each day.
Throughout the term of the Certificate, dividends will be posted on the last day of March, June, September, and December. Dividends will be automatically reinvested into the Certificate; however, you can request to have the dividends automatically posted to another Connexus account quarterly.
Application & Membership
I’m not a Connexus Credit Union member. Can I still open a Certificate?
Yes! We do require you to become a member, but you can join Connexus by opening an account with us. Apply for membership at the same time you apply for your Certificate account.
What information do I need to apply online?
To apply for a Certificate online, you will need the following:
- Valid, government-issued photo ID (Acceptable options: Driver’s License, U.S. Military ID, U.S. Passport, U.S. State or Tribal ID, Permanent Resident Card, or a foreign government-issued document evidencing nationality or residence and bearing a photograph).
- Applicants without credit history: In addition to a valid, government-issued photo ID, a copy of your signed Social Security Card or ITIN.
- Minor Applicants: Valid, government-issued photo ID, if available, and Social Security Card or ITIN (signature on card is not required).
How long will it take for my membership application to be processed?
It may take one to three business days for your application to be processed. You will be notified via email whether your account has been approved. Don’t want to wait? Check your application status now.
Renewal Process
What happens when my Certificate matures?
If you have a standard or Jumbo Certificate, it will automatically renew on the maturity date to the then-current yield.
If you have a Bump-Up Certificate, at maturity it will automatically renew to a new 24-month Bump-Up Certificate at the then-current yield. Your renewed certificate will allow you to bump the yield once during the new term.
Note about our special term Certificates: If you have a “special” Certificate, meaning a Certificate with a term other than 3, 6, 9, 12, 24, 36, 48, or 60 months, the related renewal will be disclosed to you before account opening.
How will I be notified when my Certificate is approaching maturity?
We will send you a Certificate Maturity Notice via mail or, if you are subscribed, via an eNotice in your Digital Banking account’s “Statements and eDocs” section. This notice will contain the official Certificate maturity date.
How do I switch to a different term or add funds to a maturing Certificate?
Your Certificate has a grace period of ten (10) calendar days after maturity during which you can make changes or withdraw funds without penalty. During this 10-day window, please call 800.845.5025 to receive assistance or make an appointment at a branch. You can also send a message through Digital Banking.
Jumbo Certificates
What’s a Jumbo Certificate?
Jumbo Certificates differ from our standard Certificates in that they have a minimum balance requirement of $100,000 (versus $5,000 for our standard Certificates) and generally offer a higher yield. To take advantage of our Jumbo Certificate rates, apply online.
Bump-Up Certificates
What is a Bump-Up Certificate?
A Bump-Up Certificate is a Certificate that offers the account holder a one-time annual percentage yield increase (or “bump”) during the term to the current Bump-Up Certificate yield. This option allows the account holder to take advantage of rising yields, should they increase during the term.
How do I request a rate bump on my Bump-Up Certificate?
You can request that your Certificate be “bumped” to the current 24-month yield by calling our Member Contact Center at 800.845.5025 or stopping in your local branch and returning the necessary form(s). Your bump-up rate increase request will be processed within two (2) business days of making the request and returning the completed form(s). The bump-up interest rate will be effective upon the receipt of the necessary form(s) during business hours.
What happens when my Bump-Up Certificate matures?
When your Bump-Up Certificate reaches maturity, it will automatically renew into a 24-month Bump-Up Certificate at the then-current yield. Your renewed certificate will allow you to bump the yield once during the new term.
IRAs
Do you offer Individual Retirement Account (IRA) Certificates?
Yes, we offer both Traditional and Roth IRAs. Learn more about our IRA options. To get started with an IRA, please call us today.
When can I make changes to my IRA Certificate?
Your IRA Certificate will automatically renew on the maturity date. After maturity, you have a grace period of ten (10) calendar days to make changes, including changing to a different term, adding funds, closing the Certificate, or moving to a new product. For assistance with your IRA Certificate, please call 800.845.5025 or send a message through Digital Banking.
How will I be notified when my Certificate is approaching maturity?
We will send you a Certificate Maturity Notice via mail or, if you are subscribed, via an eNotice in your Digital Banking account’s “Statements and eDocs” section. This notice will contain the official Certificate maturity date.