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Business certificate account
Grow your business savings
This insured, low-risk investment gives you higher rates for longer investment cycles.
Higher rates for longer terms
If you don’t need your money right away, you can earn a higher rate when you invest in a Business Certificate account for a longer term.
- Earn dividends based on market conditions.
- Keep the same rate throughout the term of the certificate.
- Open a certificate with as little as $5003 .
- Terms range from 30 days up to five years.
- Simplify your investment with automatic renewal.
- Receive a notification before your certificate term ends.
Why choose a business certificate account?
With a business certificate account, you can increase your earnings by reinvesting dividends in the certificate and compounding monthly. Or, you can supplement your income by withdrawing the dividends each month for certificates that mature in one year or more.
Because your business deposits are insured up to $250,000, this is a low-risk way to invest your money. This can make business certificate accounts a good option for balancing your investment portfolio.
Business Certificate Account FAQs
Certificates are designed to hold your money for a set length of time in exchange for a set rate of return. However, there are ways to access the money earlier if you need it:
- You can borrow against your certificate with a Pledge of Certificate loan.
- If you decide to withdraw the money before your certificate matures, you can pay an early withdrawal penalty.
We always send you a reminder notice before your certificate matures so that you can decide whether to reinvest or withdraw the money when your term ends.
For certificates with terms of 12 months or more, dividends accrue monthly. You can receive your dividends at the end of each calendar month, or have them automatically reinvested back into your certificate to earn more.
For certificates with terms of less than 12 months, dividends are paid when your certificate matures.
When you open your business certificate account, you can decide how you want to receive your dividends when the certificate matures—just specify the account where you want the money deposited or request a check. Or, you can automatically reinvest the money in another certificate. You can also change these options at any time during your certificate term.
Certificate laddering is a savings strategy that distributes your funds across multiple certificates with different rates and terms. This allows you to take advantage of the higher rates that are usually available for longer-term certificates, but it also allows you earlier access to the money that you place in shorter-term certificates.
Yes, all Global Credit Union certificate accounts are federally insured up to $250,000 by the NCUA, an agency of the U.S. government. This includes accounts for individuals, businesses, organizations, associations, and public units.
To find out more, or to use the NCUA’s Share Insurance Estimator, please visit MyCreditUnion.gov.
Visit MyCreditUnion.gov
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1Rates are subject to change at any time for any reason. Visit our rates page for full details.
2The disclosed Annual Percentage Yield (APY) is the prospective yield that Global CU anticipates paying for the applicable dividend period. Once the certificate is issued the APY will remain fixed until maturity. The dividend distribution method you select may affect certificate earnings. There is a penalty for early withdrawal from a certificate or tax-deferred IRA certificate. In the event an early withdrawal lowers the certificate balance below the required minimum, the certificate must be canceled or closed, and the forfeiture amount will be calculated using the full balance of the certificate.
3Minimum deposit required is $500. Maturity periods vary from 30 days to 60 months. Subject to early withdrawal penalties.
There are no qualification or eligibility criteria for members. You will also receive one at the time an account is opened. For complete account information, refer to the S˜hare Account Disclosure Statement. You will also receive one at the time an account is opened.