Credit Union Certificate Accounts and CD Rates
P1FCU Certificate Accounts, often called CDs or Certificates of Deposit, allow members to earn a fixed APY1 by keeping funds deposited for a selected term. Compare current rates, choose a term that fits your savings timeline, and open with a minimum deposit of $500.
Featured rates:
6 Month Certificate Account: 3.45% APY
12 Month Certificate Account: 3.55% APY
18 Month Certificate Account: 3.65% APY
How a P1FCU Certificate Account Works
A P1FCU Certificate Account is the credit union equivalent of what banks commonly call a certificate of deposit, or CD. You select a term, deposit at least the required opening amount, and earn the stated APY through the certificate’s maturity date. At maturity, you can withdraw, renew, or take another permitted action during the grace period.
Select a certificate term
Choose the term that best matches your savings timeline.
Make your opening deposit
Deposit at least the required minimum amount of $500.
Earn the fixed APY
Your applicable APY remains fixed throughout the certificate term.
Choose what happens at maturity
Withdraw, renew, or take another permitted action during the grace period.
Compare Current Certificate Account Rates
| Certificate Account Term | APY1 |
|---|---|
| 6 Months | 3.45% |
| 12 Months | 3.55% |
| 18 Months | 3.65% |
| 24 Months | 3.70% |
| 36 Months | 3.75% |
| 48 Months | 3.80% |
| 60 Months | 3.85% |
Rates and terms are subject to change before the certificate is opened. Once opened, the applicable APY remains fixed for the certificate term. The APY assumes dividends remain deposited until maturity. Fees or early withdrawals may reduce earnings.
Choose a Certificate Term That Fits Your Savings Timeline
Shorter Terms
These are best suited for members who expect to need their funds sooner, or prefer an earlier maturity date.
Medium-length Terms
This may fit members with planned expenses that are one to three years away, or members looking to balance rate opportunities with access timing.
Longer Terms
This may be appropriate for money that is not expected to be needed soon, and savings goals with a longer timeline.
The right certificate term depends on your savings timeline, when you might need the funds, and what interest rates are available. Consider when you may need access to the funds before selecting a term.
How Your Certificate Earns Dividends
Your certificate's APY is fixed for the selected term. Dividends are based on the account balance and the applicable rate and are currently paid quarterly. The advertised APY assumes dividends remain in the account until maturity. Withdrawing funds before maturity may reduce your earnings and result in an early withdrawal penalty.
What Happens When Your Certificate Matures?
Your certificate's maturity date appears on your Certificate of Deposit or Renewal Notice. P1FCU certificates automatically renew unless you take action. After maturity, you have a 10-day grace period during which funds may be withdrawn without an early withdrawal penalty.
What actions you can take during the 10-day grace period:
- Change the Certificate term
- Add funds
- Withdraw a portion of the balance
- Close the Certificate
- Make changes by phone, with a representative online, or at a branch
Certificate Early Withdrawal Penalties
A penalty may apply when principal is withdrawn before the Certificate reaches maturity. The current penalty is 90 days’ dividends for Certificate terms of less than one year and 180 days’ dividends for terms of one year or longer. If earned dividends are not sufficient to cover the penalty, part of the penalty may be deducted from principal. Certain exceptions may apply under the full account agreement.
IRA Certificate Accounts
P1FCU offers IRA Certificates with a $500 minimum opening deposit and terms ranging from 3 months to 60 months, giving you the flexibility to choose a term that fits your retirement goals. Unlike a regular certificate, an IRA Certificate is held in an Individual Retirement Account and may offer tax advantages, depending on the type of IRA and applicable IRS rules. Members can fund an IRA Certificate with eligible IRA contributions, qualifying transfers, or rollovers.
Our team can help determine the appropriate option, answer questions, and complete the account opening process.
How to Open a P1FCU Certificate
Confirm P1FCU membership eligibility
Determine whether you are already a member or qualify to join.
Select a Certificate term
Compare available terms and current APYs.
Choose your opening deposit
Fund the Certificate with at least the required minimum balance of $500.
Submit the required information
Review the Certificate terms
Confirm the APY, maturity date, renewal terms, and applicable disclosures.
Certificate Accounts Versus Other Savings Options
| Account Type | How It Works | Potential Fit |
|---|---|---|
| Certificate Account |
Fixed rate for a selected term with limited access until maturity |
Funds with a defined savings timeline |
| Money Market Account |
Variable or tiered rate with more flexible access |
Larger balances that may still need liquidity |
| Regular Savings |
Variable rate with flexible access |
Everyday savings and emergency funds |
| Ascend Checking |
Qualification-based earnings with everyday transaction access | Routine spending and checking balances |
Is a credit-union Certificate the same as a CD?
A Certificate Account is the credit-union equivalent of what banks commonly call a Certificate of Deposit or CD. Funds remain deposited for an agreed term in exchange for a stated APY.
What is the minimum deposit for a P1FCU Certificate?
The current minimum opening deposit is $500. The required minimum should remain synchronized with the Rate & Fee Schedule.
Are Certificate rates fixed?
The applicable dividend rate and APY are fixed for the Certificate term, provided the account remains within the applicable balance requirements.
When are Certificate dividends paid?
P1FCU’s current disclosure states that Certificate dividends are paid quarterly.
Can I withdraw money before the Certificate matures?
A member may request an early withdrawal, but a penalty may apply. The amount depends on the length of the Certificate term.
What is the early withdrawal penalty?
The current penalty is 90 days’ dividends for Certificates under one year and 180 days’ dividends for Certificates of one year or longer.
What happens when my Certificate matures?
P1FCU Certificates currently renew automatically. Members have a ten-day grace period after maturity in which funds can be withdrawn without an early withdrawal penalty.
Can I open a Certificate online?
Yes, members can open a new Certificate online on a web browser.
Does P1FCU offer IRA Certificates?
Yes. P1FCU currently promotes IRA Certificates alongside regular Certificate Accounts.
Are Certificate funds federally insured?
Savings are federally insured to at least $250,000 by the National Credit Union Administration. Visit
https://ncua.gov/ to learn more.
Money Market Accounts
Earn a higher interest rate on your savings balance without committing your funds for the longer term.
Save a little or a lot, either way you need a safe place to keep your money.
1 APY = Annual Percentage Yield. Rates and terms subject to change without notice. Penalty for early withdrawal. Fees may reduce earnings. Rates effective 09/02/2026. Minimum balance requirements: The balance required to open this account is $500.00. You must maintain a minimum average daily balance of $500.00 in your account to obtain the disclosed annual percentage yield.