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Certificates

Share Certificates (also known as Certificates of Deposit or CDs) offer a safe and flexible savings option that generally offers better rates than a savings account.

Guaranteed
Like all savings accounts at Medina County Federal Credit Union, certificates are insured by the National Credit Union Administration, an agency of the federal government.

Flexible
Certificates are more liquid than some other forms of investment. Since they require a relatively small upfront amount, you can open a number of certificates with different term limits (six months, one year, etc.) to ensure that you always have money readily available. You can also use a short-term certificate to save money for future large purchases like a down payment on a house or a new car. Medina County FCU certificates are available in terms from 3 months to 60 months. Money in a certificate is available for early withdrawal in case of emergencies (penalties do apply).

Better Return on Investment
The return on certificates generally yield better rates than savings accounts, with long-term certificates and higher investments yielding better returns than short-term and smaller-amount certificates.

Laddering Certificates
A sound financial strategy includes \"laddering\" certificates to maximize return while allowing flexibility. This means that you invest savings in different terms, and continue to renew certificates as they mature. This allows you to maximize returns while keeping a specific amount of savings available via the short-term certificates.

Open a Certificate
In order to comply with provisions of the USA Patriot Act, we require deposit accounts to be opened in person.  Please stop by one of our convenient locations to open your account.

Truth-In-Savings Disclosure for Certificates