Certificates of Deposit

Competitive rates and growth is what you will find when you open a Cornerstone FCU Share Certificate. Cornerstone offers numerous Certificate programs with specified terms and fixed dividend rates.

  • The minimum balance required to open a Share Certificate account is $1,000
  • The minimum balance required for a member under the age of 18 is $500
  • Dividends on certificate accounts are computed on the daily balance, compounded and posted monthly to the account
  • You can withdraw dividends credited to this account before maturity without penalty.
  • Any principal withdrawn before maturity will be subject to the following penalties:
    – Original maturity of one year or less, the penalty imposed will equal 90 days worth of dividends.
    – Original maturity of more than one year, the penalty imposed will equal 180 days worth of dividends.
  • The Certificate account will automatically renew at maturity unless Cornerstone is notified otherwise by the account holder
    – The renewal term will be the same as the original term
    – The dividend rate will be the same as offered on new term Share Certificate accounts
    – You will be notified prior to maturity and will have ten days to contact the credit union.

IRA Certificates of Deposit are also available at Cornerstone and require only a $500 minimum deposit to open.