Maximize Your Savings

Earn 4.75% APY* when you open a 6 month certificate. Achieve your financial goals faster with this limited-time opportunity.
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Savings Certificate Rates

UP TO 4.75% apy*
*Annual Percentage Yield

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.

A man with a beard holding an open map in the trunk of a car.

Save for your dream vacation.

Two children sitting at a desk with a robotic hand.

Save for your child's future.

Man and woman posing in front of a house during what appears to be a moving day.

Save for your down payment.


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).

Ready to start 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.

*APY = Annual Percentage Yield. Certificate rates are effective March 7, 2024, and range from 3.50% to 4.75% 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.

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