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Supercharge your goals with ongoing contributions to a Stash Certificate and earn 4.50% APY.* Open online in as few as 3 minutes.

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Savings Certificate Rates

Certificate Term Dividend Rate¹ APY² Minimum Opening Balance Early Withdrawal Penalty
6 months add-on3 4.42% 4.50% $50 90 days' dividends
12 months add-on3 4.18% 4.25% $50 180 days' dividends

1 Dividend Rate. See Truth-In-Savings. Fees could reduce earnings.
2 APY = Annual Percentage Yield. Stash Certificate rates are effective March 7, 2024. Terms are 6 and 12 months. $50 minimum balance to open required. Penalties may be imposed for early withdrawal. Rates subject to change. Fees could reduce earnings.
3 Add-On Savings Certificates are Stash Certificates. Add-On savings certificates allow more than one deposit to a savings certificate. There are no limits to the amount of deposits during the certificate term. Early withdrawal penalties will apply to any withdrawals.

The rates appearing in the Schedule above are accurate and effective for certificate accounts as of the Effective Date indicated. WECU may offer other rates on new certificates after the effective date, without notice. Penalties may be imposed for early withdrawals. If you have any questions or require current rate information on your accounts, please call WECU at 360-676-1168, toll-free 800-525-8703 or TTY 800-833-6388.

Effective 3/07/2024 | WECU

Certificate Term Dividend Rate¹ APY² Minimum Opening Balance Early Withdrawal Penalty
6 months 4.67% 4.75% $500 90 days' dividends
6 months add-on3 4.42% 4.50% $50 90 days' dividends
9 months 4.43% 4.50% $500 90 days' dividends
12 months 4.43% 4.50% $500 180 days' dividends
12 months add-on3 4.18% 4.25% $50 180 days' dividends
18 months 4.43% 4.50% $500 180 days' dividends
24 months 4.33% 4.40% $500 180 days' dividends
30 months 4.14% 4.20% $500 180 days' dividends
36 months 3.94% 4.00% $500 180 days' dividends
48 months 3.70% 3.75% $500 360 days' dividends
60 months 3.45% 3.50% $500 360 days' dividends

1Dividend Rate. See Truth-In-Savings. Fees could reduce earnings.
2APY = 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.
3Add-On Savings Certificates are Stash Certificates. Add-On savings certificates allow more than one deposit to a savings certificate. There are no limits to the amount of deposits during the certificate term. Early withdrawal penalties will apply to any withdrawals.

The rates appearing in the Schedule above are accurate and effective for certificate accounts as of the Effective Date indicated. WECU may offer other rates on new certificates after the effective date, without notice. Penalties may be imposed for early withdrawals. If you have any questions or require current rate information on your accounts, please call WECU at 360-676-1168, toll-free 800-525-8703 or TTY 800-833-6388.

Effective 3/07/2024 | WECU

What is a Stash Savings Certificate?

A Stash Savings Certificate is an add-on certificate. An add-on savings certificate is a savings account where you can keep adding money, earn extra money (dividends), and save up for your future goals. You agree to keep the money in the account for a fixed amount of time and, in exchange, earn a higher dividend rate than you would with a traditional savings account. Add-on savings certificates are an excellent way to save money for something special in the future, like buying a cool gadget, going on a trip, or even going to college someday.

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Short-Term (6-month) Goals

Here are a few suggestions for 6-month savings goals: saving up for the holidays, setting aside money for new electronics, or saving up for a larger purchase such as a kayak or paddleboard.

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Medium-Term (12-month) Goals

Here are a few suggestions for 12-month goals: saving up for a vacation, setting aside money for a down payment on a car, or saving up for a larger purchase such as new furniture.

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Long-Term (1 year+) Goals

Here are a few suggestions for long-term savings goals: saving up for a down payment on a house, setting aside money for education, or saving up home improvements.

 

Stash Certificate Future Value Calculator

Your Money Earns More

Get Started

Wondering how to open a Stash Certificate? With just a few simple steps, you can open a Stash Certificate online in as few as 3 minutes and watch your money work harder for you.

Have questions? Our friendly customer service team is here to assist you every step of the way.

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Add-On Funds

Deposit Flexibility

You can begin with as little as $50. Whenever you have extra funds available, you can add them to this account. You can choose between 6-month and 12-month terms, allowing you to save towards your goal without a commitment lasting longer than a year. Are you interested in extending your savings period? No worries! You can renew your Stash Certificate when it reaches its maturity date.

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Cashback

Earn Member Rewards

Stash Certificates earn member rewards on the balance. Rewards can be redeemed for cashback, gift cards, or donations.

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Top-Rated App

See Your Funds 24/7

Our 4.7 star-rated app** lets you move money, see your balance, and check your savings certificate maturity date. You can even redeem your points for cash with the click of a button.

 

Banking for people, not for profits

A not-for-profit that works for you. WECU donates $400,000 every year to Washington charities, provides $98,000 to scholarships to students, and volunteers nearly 500 hours through our Team WECU program. It seems like new banks are popping up all the time, you can rest easy knowing that we’ve been supporting Washingtonians since 1936.

Open a Stash Certificate Today

Whether you are just beginning your savings or a seasoned saver, at WECU, we understand the importance of saving money and achieving your goals. That’s why we make it easy to open a savings account online in as few as 3 minutes.

Frequently Asked Questions

 

What is a Stash Certificate?

Stash Certificates are term-based accounts designed to help you achieve short-term financial goals with more attractive dividend rates than a typical savings account. You can select from 6-month or 12-month terms, making it easy to plan for things like a summer vacation or holiday expenses.

How do dividends work on a Stash Certificate?

Stash Certificates offer higher dividend rates for the term you select. The dividends compound quarterly, providing a better return on your money than you’d typically get with a savings account that might compound less frequently.

What’s the difference between Stash Certificates and regular certificates?

Unlike standard savings certificates, which require a lump sum upfront, Stash Certificates allow you to make unlimited additional deposits throughout the term. This “add-on certificate” offers flexibility and accessibility, especially beneficial for early savers or those on a budget.

What’s the minimum balance required to open a Stash Certificate?

You only need $50 to open a Stash Certificate, compared to the $500 required for our regular savings certificates. This lower threshold makes it a great option if you’re new to saving or on a tighter budget.

What Member Rewards are related to Stash Certificates?

If you also have a Spend Plus Checking account, you can earn Member Rewards with your Stash Certificate. You’ll receive 10 points for every $500 in average monthly balance, up to a maximum of 100 points per month. These points are then combined with points from other WECU activities like debit card transactions, credit card spending, and loans.

Can I earn extra Member Rewards points?

Absolutely! Make a deposit of $25 or more into your Stash Certificate each month, and you’ll earn an additional 25 points.

Are there penalties for early withdrawal?

Yes, there are penalties for early withdrawals from your Stash Certificate. It’s essential to plan carefully to ensure you can commit to the full term and maximize your dividends.

What happens when a savings certificate matures?

When a savings certificate matures, you have several options. You can withdraw the money and use it for your goals, renew the certificate for another term, or roll the funds over into a different type of account.

Why should I choose a Stash Certificate?

  • Tailored to Short-Term Goals: Whether it’s for a vacation or a special occasion, the 6 and 12-month terms make it easier to plan and save.
  • Flexible Add-On Deposits: The ability to make additional deposits throughout the term means you can adapt your saving strategy as you go.
  • Enhanced Earnings: Higher dividend rates and the opportunity to earn Member Rewards offer a more robust financial return.

How do I open a Stash Certificate?

To open a Stash Certificate account, you will need to provide some basic information, such as your name, address, and social security number, and proof of identification, such as a driver’s license or passport. You can start saving today by opening an account online in as few as 3 minutes, calling our contact center, or making an appointment to meet with a WECU team member at any of our Financial Centers.

*Annual Percentage Yield (APY). Stash Certificate rates are effective March 7, 2024. Terms are 6 and 12 months. $50 minimum balance to open required. Penalties may be imposed for early withdrawal. Fees could reduce earnings. Rates subject to change. See Truth-In-Savings. Fees may reduce earnings.

**WECU Mobile is rated 4.8 in the Apple App Store and 4.7 in Google Play, as of September 2023.

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