Certificate Accounts
Certificate Accounts
Great rates, many available terms
Sometimes, a dependable option is the right choice. Our share certificates will have you earning more than our basic savings account. Select from a variety of terms to support your savings needs and timelines:
- Earn up to Loading...% APY1. See all terms and rates
- A certificate designed to allow deposits
- Enjoy dependable yield during market fluctuations
- Funds are insured by NCUA2
- Already have a Broadview certificate? See how to set renewal preferences in digital banking before its maturity date.
Certificate Choices
Fixed-Rate Share Certificate
Earn steady dividends
$500 minimum to open
3 to 60-month fixed term
No-risk investment
Can be used as collateral on a Broadview loan
Bump Up Share Certificate
Fixed rate for 18 months with extra flexibility
$500 minimum to open
Can change terms to bump up your rate within the first six months3
Can be used as collateral on a Broadview loan
Add-On Certificate
Allows Ongoing Deposits
$100 minimum to open
Fixed rate, no monthly fees
12-month term
Guaranteed returns
HSA Share Certificate
Earn higher dividends
6 to 36-month terms
Pay for qualified health care expenses later
Return is guaranteed
Traditional and Roth IRA Share Certificate
Guaranteed dividends
6 to 60-month terms
Potential tax benefits4
Boost retirement savings
Coverdell Education Share Certificate
Build up a college fund over time
$500 minimum to open
Save up to $2,000 a year
Contributions can be withdrawn anytime
Jump Start Your Savings
Do you want to save for something special like an amazing vacation, a brand new wardrobe, or a state-of-the-art entertainment system? Then now is the time to put away money for a planned expense, or to create a rainy-day fund.
Certificate Fees and Qualified Distribution
| IRS Penalty | Broadview Penalty | |
|---|---|---|
| Early Withdrawal | Additional IRS penalties may apply. | Penalty for breaking the Certificate, based on amount withdrawn and the original term length; exceptions are made for withdrawals intended to cover a required minimum distribution. |
| Early Redemption | Additional IRS penalties may apply. | Distributions are usually subject to a Broadview penalty; exceptions are made in the case of the member having died |
| Item | IRS Penalty |
|---|---|
| IRA owner will be at least 59 ½ years old in the applicable tax year | None |
| IRA owner becomes disabled or has died | None |
| Funds used for qualified higher education expenses | None |
|
Funds are used for a “first-time” home purchase “first-time” home purchase means:
|
None |
| Funds are used for medical insurance premiums, provided the IRA owner has been receiving unemployment insurance payments for at least 12 weeks | None |
| Funds are used to pay the portion of unreimbursed medical expenses in excess of 7.5% of the owner’s adjusted gross income | None |
| A withdrawal program has been set up as a series of “Substantially Equal Periodic Payments” that are taken over the owner’s life, and are based on the owner’s life expectancy | None |
| Once this program is set up, it cannot be changed for five years | None |
| All other withdrawals | Generally, 10% of the withdrawal |
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APY = Annual Percentage Yield. Rates and APY are accurate as of Loading... for the 6-month and 18-month bump-up certificates. Fees and other conditions may reduce earnings. Penalties may apply for early withdrawal. Minimum to open and obtain APY on all certificates is $500, except for 12-month add-on certificates which is $100. Offer may be withdrawn at any time. Certificates require Credit Union Membership.
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Not insured by the NCUA, Not deposits or other obligations of the credit union, Not guaranteed by the credit union, subject to investment risks, including possible loss of the principal invested.
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Once your account is established, you may make a one time request within the first six (6) months your account is open to exchange your 18 Month Bump Up Share Certificate for another certificate we offer that has a higher rate (excluding another 18 Month Bump Up Share Certificate). The new certificate must have a minimum term of 12 months, and all terms and conditions of the new certificate will apply.
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Your contribution may be tax deductible. Seek advice from a tax advisor for tax deductibility.
