Share Certificate Specials

You work hard to put yourself in the best financial position. Your savings strategy should do the same. Take advantage of the great rates on our 1 and 3 year special Share Certificates to lock in our highest competitive interest rates before they're gone.

1 Year Share Certificate Special at 2.50% APY*  

Funds to open Share Certificate at the special rate can either be monies from another financial institution or from your existing Maui County FCU account. At maturity, the Share Certificate at the 2.47% dividend rate, 2.50% APY* will automatically renew to a regular Share Certificate at the same term. Limit of one special Share Certificate type per member with a minimum $5,000 opening deposit and a maximum of $20,000. Dividend is deposited monthly into the Share Certificate special account or other deposit account.

3 year Share Certificate Special at 3.00% APY**

Funds to open a Share Certificate at the special rate can either be monies from another financial institution or from your existing Maui County FCU account. At maturity, the Share Certificate at the 2.96% dividend rate, 3.00% APY** will automatically renew to a regular Share Certificate at the same term. Limit of one special Share Certificate type per member with a minimum $5,000 opening deposit and a maximum of $20,000. Dividend is deposited monthly into the Share Certificate special account or other deposit account.

 

Difference between a Share Certificate and a Certificate of Deposit

The short answer, not a lot. Share certificates and Certificates of Deposit (CDs) are savings products that earn interest on a lump sum for a fixed period of time. They differ from savings accounts because the money must remain untouched for the entirety of their term or risk penalty fees or lost interest. Generally, the longer the term of a share certificate or CD, the higher the interest rate you'll receive. Both usually come with early withdrawal penalties if you take your money out before your term is complete, which can eat into your earnings.  

The main difference between share certificates and certificates of deposit is that share certificates are issued by credit unions, while certificates of deposit are issued by banks. Share certificates are guaranteed by the National Credit Union Share Insurance Fund, while the FDIC insures CDs at banks. 

 

* Annual Percentage Yield ("APY") is effective as of October 19, 2022 and is subject to change without notice. Minimum balance requirement to open this account is $5,000. The maximum balance is $20,000. You must maintain a minimum daily balance of $5,000 in this account each day to obtain the disclosed annual percentage yield. A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account. Terms on this account are offered as a special promotion. This account will automatically renew at maturity into a Maui County Federal Credit Union regular 1 Year Share Certificate at the prevailing rate, unless specified within the 10-day grace period.

** Annual Percentage Yield ("APY") is effective as of October 19, 2022 and is subject to change without notice. Minimum balance requirement to open this account is $5,000. The maximum balance is $20,000. You must maintain a minimum daily balance of $5,000 in this account each day to obtain the disclosed annual percentage yield. A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account.  Terms on this account are offered as a special promotion. This account will automatically renew at maturity into a Maui County Federal Credit Union regular 3 Year Share Certificate at the prevailing rate, unless specified within the 10-day grace period.

View Maui County FCU's Truth in Savings disclosure here.