Certificates

Do you have an extra $1,000+ that you won’t need to use soon? A certificate is the perfect way to use your money knowing you’ll be earning top dollar. A South Bay Credit Union Certificate gives you an even better interest rate on your money than you would get in a savings account because we know that the money won’t be withdrawn for an extended period. Certificates are often referred to as CDs, non-liquid accounts, or time deposits. Almost all banks offer certificates, but with our Certificate, you’ll get a rate of return that is far above industry averages.

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A certificate is a very safe investment. Even if you need to withdraw the money before you expect, you won’t lose any of the principal that you invested. We have a number of types and terms to fit your investment needs.

  • Flexible Share Certificates with terms from 3 months to 5 years
  • IRA Share Certificates with terms from 1 to 5 years
  • Liquid Certificates with the ability to withdraw part of the certificate with no penalty
  • Bump Up Certificates that allow you to bump up the rate any one-time during the term
  • Savings & Lending Bonus Rate Club

Flexible Share Certificates

Flexible. Worry-free. Choose a maturity date from 3 months to five years and get competitive rates to help you invest without the risk.

  • Minimum opening balance is $1,000.
  • Manage your money online or through phone on It’s Me 247.
  • Most certificates are set to auto-renew for convenience, although you can change it to auto-mature to savings

IRA Certificates

Flexible.  Worry-free. Choose a maturity date from 1 year to five years and get competitive rates to help you invest without the risk.  An IRA CD combines the steady earnings of a certificate (CD) with the tax advantages of an individual retirement account (IRA).

  • Minimum opening balance is $1,000.
  • Manage your money online or through phone on It’s Me 247.
  • Most certificates are set to auto-renew for convenience, although you can change it to auto-mature back to IRA savings.
  • You must have an IRA savings account established with us separately before funds can be transferred into an IRA Certificate.

12 Month Liquid Certificate

This certificate is perfect for the investor that wants to build savings with an easy, short-term commitment and access to funds, just in case.

  • One penalty-free withdrawal upon request, provided a minimum of $1,000 is left in the certificate.
  • Open certificates online or through phone on It’s Me 247.
  • Minimum balance is $1,000, maximum balance is $100,000.
  • Unlike most certificates, the liquid CD cannot be set to auto-renew and will be deposited back to savings upon maturity.

18 Month Bump Rate Certificate

They don’t call it bump for nothing!  This certificate is perfect for the investor who is interested in earning more, but doesn’t want to get locked into one rate.  If the rate rises, the certificate rate can bump up to the higher rate one time during the 18-month term.

  • Minimum opening balance is $1,000.
  • This CD has a self-service feature – you can check the option rate any time and make the bump when you want to online or on the phone on It’s Me 247.
  • Most certificates are set to auto-renew for convenience, although you can change it to auto-mature to savings.

Certificate Rate Bonus Club

Are you one of our very best members?  As a not-for-profit, financial cooperative, we can’t be successful without your participation.  And so, we have created some extra special bonuses for those big savers or borrowers.

  • Savings Club Certificate Bonus – earn an extra 15 basis points (0.15%) bonus rate for all savings (regular, IRA, certificate) if your aggregate savings >= $100,000
  • Lending Club Certificate Bonus – earn an extra 15 basis points (0.15%) bonus rate for all loans if your aggregate loans >= $25,000
  • And, yes, you can earn BOTH club bonuses if you qualify

Terms & Conditions

  • You must be put in the club at the time the certificate is established – this takes staff intervention so you’ll have to email us at SBCU@southbaycu.com
  • If your balance falls below the bonus qualification amount, you will not earn the bonus dividend during that month (balance reviewed on 1st day of each month)
  • You will see a separate dividend for the bonus dividend earned
  • Bonus dividends club is available for a limited time, but once you’re in the club, the bonus applies through the certificate term
  • Only one primary membership account can be evaluated for eligibility and certificate must be tied to that primary membership account
  • Bonus clubs do not auto-renew with certificate and are only good for the initial term