What is a Share Certificate?
Share certificates are federally-insured investment instruments that offer a higher dividend yield compared to savings and money market accounts, but carry only a fraction of the risk associated with stocks and bonds. They earn higher dividend rates because you must leave the funds on deposit for a specified term, with no withdrawals during that term.
| Minimum amount to open | Regular: $500 Jumbo: $50,000 Super Jumbo: $100,000 |
| Dividends | Dividends compound monthly; can be paid monthly or at maturity into another LAPFCU account or mailed to member in check form |
| Deposits | Not permitted, except at maturity |
| Withdrawals | There is a dividend penalty if a member withdraws any principal prior to maturity. Early withdrawal penalties do not apply to withdrawals made after the death of any owner of the account. |
| Term requirements | Minimum of 3 months; members may select their own maturity dates from:
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Get yours today! Share certificates can be opened in PATROL Online Banking or by phone (877) 695-2732 with a funds transfer.
Bonus! Members who qualify for Member Benefits℠ enjoy dividend bonuses on Share Certificates, which can help you meet savings goals more quickly.
+ 0.25% APY added to existing rate on new and rollover Share Certificates*
*Rate bonus available to members who qualify for Member Benefits℠.