Save for your down payment.
A savings certificate is the secure step toward your first home. Grow your money with confidence and get closer to opening the front door.
Savings Certificates
Earn 4.50% APY* when you open a 9 month certificate online.** Achieve your financial goals faster with this limited-time opportunity.
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Savings Certificate Calculator
What Are You Saving For?
A savings certificate is a great way to save for the long term. With a fixed interest rate and a variety of term lengths to choose from, you can reach your financial goals faster. Get started in as few as 3 minutes.
Save for your dream vacation.
Lock in your savings with a certificate designed to help you stay on track. With guaranteed growth, your dream getaway is closer than you think.
Save for your child's future.
A savings certificate gives you a safe, steady way to build funds for your child’s education or big milestones. Start now, and give them the foundation they deserve.
Ready to open a savings certificate?
We haven't seen rates like this in over a decade. Don't wait, lock in a high interest saving certificate now and watch your money work for you.
FAQ
What is a savings certificate and how does it work?
A savings certificate is a type of savings account where the depositor agrees to keep the money in the account for a fixed period of time, usually several months to several years, in exchange for a higher interest rate than they would typically receive on a traditional savings account.
What is the minimum deposit required to open a savings certificate?
You only need $500 to get started.
Savings certificate vs. savings account, which is better?
It depends on your goal. Although savings certificates and savings accounts are both used for saving money, typically you will earn more interest on a savings certificate. However, there are penalties for withdrawing your money early from a savings certificate. Typically, savings certificates are used for longer term savings. If you need access to withdraw your money at any time, then a savings account offers more flexibility.
How can I open a savings certificate?
If you are comfortable using the WECU app, you can easily open a 6 mo, 12 mo, or 24 mo savings certificate in as few as 3 minutes. Simply click the “plus” button in your app. We are happy to help you over the phone or in person as well. Simply click the Book an Appointment button below.
How do our certificates compound dividends?
Our certificates accrue dividends daily and compound quarterly. This means that beginning day 1, dividends accrue and are calculated on the principal balance. That accrual of funds posts to the balance of the certificate quarterly. Then day 2 of the next quarter, dividends begin to accrue on the principal + quarter dividend deposit (unless dividends are posted to a different account).
*APY = Annual Percentage Yield. Certificate rates are effective September 3, 2025, and range from 3.50% to 4.50% APY, depending on the certificate term. Terms range from 6 to 60 months. $500 minimum balance required, $50 minimum balance required on Add-on Certificates only. Penalties may be imposed for early withdrawal. Rates subject to change. Fees could reduce earnings.
**9-Month Online Certificate Requirements: Rate is effective September 3, 2025. $500 minimum to open. Certificate must be opened online; funds must be new to WECU. Penalty for early withdrawal; fees could reduce earnings. Offer could change at any time. See Truth-in-Savings Disclosures for Online Savings Certificates for further details.