Savings Certificates

Savings Certificates are a great way to make your dollars work for you!

What is a Savings Certificate?
At its most basic level, a certificate is a savings product that earns interest on a lump sum for a fixed period of time. This is a type of savings account with a fixed interest rate that’s usually higher than a regular savings account.

How do I open a Certificate Account?
Decide on your term length, deposit amount and start your process online by applying below or setup a time to talk to a PCU staff member either by phone or in person.

$500 Minimum Balance required to earn APY**
TermDividend RateAPY**
3 Month SPECIAL5.00%5.12%
6 Month SPECIAL4.75%

4.85%
12 Months3.50%

3.56%

18 Months2.75%

2.78%

24 Months4.00%

4.07%

36 Months2.75%

2.78%
48 Months3.00%

3.04%

60 Months3.50%

3.56%

84 Months3.50%3.56%
$10,000 Minimum Balance required to earn APY**
TermDividend RateAPY**
3 Month SPECIAL5.00%

5.12%

6 Month SPECIAL4.75%

4.85%
12 Months3.55%

3.61%

18 Months2.80%

2.84%

24 Months4.00%

4.07%

36 Months2.80%

2.84%

48 Months3.05%

3.09%

60 Months3.55%

3.61%

84 Months3.50%3.56%
$75,000 Minimum Balance required to earn APY**
TermDividend RateAPY**
3 Month SPECIAL5.00%

5.12%

6 Month SPECIAL4.75%
4.85%

12 Months3.65%

3.71%

18 Months2.90%

2.94%

24 Months4.00%

4.07%

36 Months2.90%

2.94%

48 Months3.15%

3.20%

60 Months3.65%

3.71%

84 Months3.50%3.56%

*There is a penalty for early withdrawal. Rates are subject to change without notice.
**Annual Percentage Yield
Fees could reduce APY earnings on an account.

TERM SHARE CERTIFICATES

Rate Information – The Dividend Rate and Annual Percentage Yield on your accounts, as of the last dividend declaration date, are set forth above. The annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for the term of the account. The Annual Percentage Yield is based on the assumption that dividends will remain on deposit until maturity. A withdrawal will reduce earnings.

Compounding frequency – Unless otherwise paid, dividends will be compounded every month.

Crediting frequency – Dividends will be credited to your account every month. Alternatively, you may choose to have dividends paid to you or to another account every month rather than credited to this account.

Dividend period – For this account type, the dividend period is monthly.

Balance Information – The minimum balance required to open each account is set forth above. Dividends and minimum balances are calculated using the Average Daily Balance method. The Average Daily Balance is determined by using the full amount of principal in the account for each day of the period and dividing that figure by the number of days in that period.

Average daily balance computation method – Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the month.

Accrual of dividends on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

After the account is opened, you may not make additions into the account until the maturity date stated on the account. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.

After the account is opened, you may not make additions into the account until the maturity date stated on the account. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.

PeoplesChoice Checking with SpendShield has it all.

A FREE checking account with no monthly fees, the lowest overdraft fees in Maine, and a safety net when you need it most. With PeoplesChoice Checking, you’re guaranteed the flexibility and freedom you need to keep your cash in check. Features like free mobile banking, direct deposit, and more get you what you want, when you need it.