If you are looking for a low-risk way to invest your money, then a Share Certificate may be just what you want.

For example, let's say that you purchase a $10,000 Share Certificate with 5% APY (Annual Percentage Yield) compounded annually and a term of one year. At year's end, the Share Certificate will have grown to $10,500 ($10,000 x 1.05).

Below are details about the Share Certificates offered to SAFE Members.

Investment Certificate

Features
  • Varied maturity options available from 12 to 60 months. Interim terms at each level are not renewable.
  • Amounts in excess of the $1000 minimum may be withdrawn in increments of $100 with a penalty of 90 days dividends charged only on the withdrawn amount.
Benefits
  • Convenient access to funds.
  • Flexibility of partial withdrawals at low cost when necessary.

Bump Certificate

Features
  • SAFE Investment Certificate with the option to “Bump” up the rate to the current 30 month rate one time during the certificate period. 
  • All other features are the same as a regular Investment Certificate. 
  • Cannot be used as collateral for a loan.
Benefits
  • Flexibility to increase rate without having to change certificate type.

Jumbo Certificate

Features
  • The minimum balance for a jumbo certificate is $100,000.
  • Available in both SAFE Money Market and SAFE Investment Certificate program.
  • All other features of SAFE Money Market and SAFE Investment Certificates apply.
Benefits
  • Earn more money for larger investment amounts.
  • Flexibility of choice of type and maturity.
  • Convenience and peace of mind.

Money Circus Certificate

Features
  • Minimum deposit required is $100.
  • Term of 12 months.
  • Rate equals the 12-month Investment Certificate.
  • Available to Money Circus members only (Ages 0-12)
Benefits
  • Low amount needed to earn higher interest.
  • One term facilitates learning by keeping it simple.
  • Earnings are equal investment certificate without the higher required balance.
  • Membership benefit provides additional savings method for the child.

Y Certificate

Features
  • Minimum balance $500.
  • Term of 12 months.
  • Rate equals the 12-month Investment Certificate.
  • Available to youth ages 13-17.
Benefits
  • Allows youth to start a savings plan with lower minimum than regular investment certificate.
  • One term facilitates learning by keeping it simple.
  • Earnings are equal investment certificate without the higher required balance.
  • Provides investment experience and encourages saving.

U29 Certificate

Features
  • Minimum balance $500.
  • Term of 12 months.
  • Rate equals the 12-month Investment Certificate.
  • Available to youth ages 18-29.
Benefits
  • Allows youth to start a savings plan with lower minimum than regular investment certificate.
  • One term facilitates learning by keeping it simple.
  • Earnings are equal investment certificate without the higher required balance.
  • Provides investment experience and encourages saving.

Easy Street Certificate

Features
  • 24 Month Investment Certificate for Easy Street members eligible for all services at higher rate than regular 24 mo. Certificate.
  • Withdrawals for Medical reasons are not subject to penalty.
Benefits
  • Earn extra money by being Easy Street Member and have flexibility of un-penalized withdrawals when necessary.
  • Peace-of-mind that funds can be used for unexpected medical expenses.