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Certificates

Boost your savings with a Certificate! Enjoy guaranteed returns, flexible terms, and peace of mind—all while earning higher interest than a traditional savings account.

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Secure Your Savings with a UMCU Certificate

Looking for a secure way to grow your savings? A Certificate or Certificate of Deposit (CD) from UMCU offers higher interest rates than traditional savings accounts, giving your money the boost it deserves.

Whether you prefer monthly payouts or a lump sum at the end of your term, a UMCU CD is designed to help you easily achieve your financial goals.

  • Flexible Terms: Select the timeframe that fits your goals.
  • Low Minimum Deposit: Start with just $500.
  • Access Interest Anytime: Withdraw monthly interest penalty-free*.
  • No-Risk Growth: Enjoy guaranteed returns without market volatility.

Certificate Rates

Type Term Interest Rate APR*
Term Certificate $500 minimum deposit Term 6 Month Interest Rate 2.60 APR* 2.63
Term 12 Month Interest Rate 3.50 APR* 3.56
Term 24 Month Interest Rate 2.66 APR* 2.69
Term 36 Month Interest Rate 2.70 APR* 2.73
Term 48 Month Interest Rate 2.70 APR* 2.73
Term 60 Month Interest Rate 2.70 APR* 2.73
Term Certificate $10,000 minimum deposit Term 6 Month Interest Rate 2.70 APR* 2.73
Term 12 Month Interest Rate 3.60 APR* 3.66
Term 24 Month Interest Rate 2.76 APR* 2.79
Term 36 Month Interest Rate 2.80 APR* 2.83
Term 48 Month Interest Rate 2.80 APR* 2.83
Term 60 Month Interest Rate 2.80 APR* 2.83
Term Certificate $100,000 minimum deposit Term 6 Month Interest Rate 2.80 APR* 2.84
Term 12 Month Interest Rate 3.75 APR* 3.82
Term 24 Month Interest Rate 2.86 APR* 2.90
Term 36 Month Interest Rate 2.90 APR* 2.94
Term 48 Month Interest Rate 2.90 APR* 2.94
Term 60 Month Interest Rate 2.90 APR* 2.94
Term IRA $500 minimum deposit Term 6 Month Interest Rate 2.51 APR* 2.54
Term 12 Month Interest Rate 3.58 APR* 3.64
Term 24 Month Interest Rate 2.66 APR* 2.69
Term 36 Month Interest Rate 2.70 APR* 2.73
Term 48 Month Interest Rate 2.70 APR* 2.73
Term 60 Month Interest Rate 2.70 APR* 2.73
Term IRA $10,000 minimum deposit Term 6 Month Interest Rate 2.61 APR* 2.64
Term 12 Month Interest Rate 3.68 APR* 3.74
Term 24 Month Interest Rate 2.76 APR* 2.79
Term 36 Month Interest Rate 2.80 APR* 2.83
Term 48 Month Interest Rate 2.80 APR* 2.83
Term 60 Month Interest Rate 2.80 APR* 2.83
Term IRA $100,000 minimum deposit Term 6 Month Interest Rate 2.71 APR* 2.74
Term 12 Month Interest Rate 3.78 APR* 3.85
Term 24 Month Interest Rate 2.86 APR* 2.90
Term 36 Month Interest Rate 2.90 APR* 2.94
Term 48 Month Interest Rate 2.90 APR* 2.94
Term 60 Month Interest Rate 2.90 APR* 2.94
Term blank Interest Rate 0 APR* 0

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We Also Recommend

Savings Account

  • No monthly fees
  • No minimum deposits
  • Interest earned on your deposited funds - credited monthly
  • Manage your money with digital tools
  • Financial counselors to assist in your financial savings goals
  • Fee-Free Access to 30,000+ ATMs* nationwide within the CO-OP network

Money Market Savings Account

  • Tiered Interest Rates: Earn more as you save more, with higher interest rates at $5,000, $10,000, and $25,000.
  • Higher Returns: Enjoy better interest rates than a traditional Share Savings account.
  • Convenient Access: Manage your funds 24/7 through our Online Banking Portal and mobile app.
  • Minimum opening deposit: $500
  • Minimum monthly deposit: $500

Common Questions

With terms as short as six months, you can grow your savings quickly and confidently—all while keeping things simple. Here’s how it works:

  1. Choose your term length (6 months to 5 years).
  2. Deposit as little as $500 in new funds**.

Earn interest, compounded monthly, and watch your savings grow.

See All FAQs

Disclaimer

*If you withdraw the principal funds prior to the maturity date, 90 days' interest will be deducted from the balance of the account. 

**New money is defined as funds that are not currently on deposit with University of Michigan Credit Union and is not money that is withdrawn and returned to UMCU during this promotional period. 

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At UMCU, we believe in supporting organizations and events that keep our communities strong. Every one of our team members is committed to making a difference every day.