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Progressions Credit Union

 

 

Certificate Accounts

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Certificate Accounts

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Ready to start

saving securely?

Certificate special up to 4.50% APY

Saving with a Certificate.

Are you wanting to save but are not quite sure how to get started? Certificates are a safe, stable savings options that allow you to lock in a fixed dividend rate for the term of the certificate. Certificates are great because they offer you a higher dividend rate than Savings and Money Market accounts. Our certificates are federally insured by the NCUA.

We have a variety of rates and terms available. Dividends can be paid to the certificate or transferred to your savings or checking account on a monthly basis.

In addition, certificates are available as an IRA.       Learn More

Start Here

Save for your future or to achieve personal financial goals. A Certificate is a great savings option for you to save more for less.

 

 

How to Apply

Achieve your financial goals by saving now, simply apply to become a member and Team Purple will help you get started progressing on your road to financial solutions.

Apply Now

Contact Us

Resources

You are not alone on this financial journey. We offer free financial education to help you grow your understanding and knowledge of financial topics that will help you achieve your financial goals. In addition, Team Purple is here to listen and learn about your personal financial goals and help you find financial solutions.

Financial Education

Rates

Contact Us

onPar Certificate Program

Are you a member looking for a certificate at another financial institution? If you have found a certificate from another financial institution that you want to open, stop and talk to us about it. We may be able to match the rate and terms. Keep all your finances in one place and stay on par with our great services and people.

onPar Certificate Criteria:

  • $2,000 minimum
  • Terms offered from 6 months to 36 months
  • Term(s) and rate must be exactly the same (does not require new money)
  • Matched Financial Instution must be located in the state of WA or in close proximity to member’s residence
  • Matched Financial Institution must be FDIC or NCUA insured
  • The certificate will renew to the closest term available on regular certificates (Ex: 8 month onPar will renew to a 6 month certificate, etc.)
  • No matter the term, 90 day penalty applies; early withdrawal penalty may apply
  • May not succeed current Progressions Credit Union rate ceiling

Step-Up Certificates

Our Step-Up Certificates give a one-time option to adjust the Annual Percentage Yield (APY) to the present Progressions Credit Union APY offered for new certificates of identical terms. This is a great benefit in the event dividend rates rises during the term of your certificate. Your certificate’s original maturity date will not change nor will your dividend rate decrease in the event rates go down.

 Rates and Disclosures

Save to Win – 12-Month Savings Certificate

Save to Win rewards members for contributing to their own savings certificate account. You not only earn dividends on your investment, but you also have multiple chances to win money simply for saving.

Learn More

Saving with a Certificate.

Are you wanting to save but are not quite sure how to get started? Certificates are a safe, stable savings options that allow you to lock in a fixed dividend rate for the term of the certificate. Certificates are great because they offer you a higher dividend rate than Savings and Money Market accounts. Our certificates are federally insured by the NCUA.

We have a variety of rates and terms available. Dividends can be paid to the certificate or transferred to your savings or checking account on a monthly basis.

In addition, certificates are available as an IRA.       Learn More

Ready to start

saving securely?

Certificate special up to 4.50% APY
Start Here

Save for your future or to achieve personal financial goals. A Certificate is a great savings option for you to save more for less.

 

 

How to Apply

Achieve your financial goals by saving now, simply apply to become a member and Team Purple will help you get started progressing on your road to financial solutions.

Apply Now

Contact Us

Resources

You are not alone on this financial journey. We offer free financial education to help you grow your understanding and knowledge of financial topics that will help you achieve your financial goals. In addition, Team Purple is here to listen and learn about your personal financial goals and help you find financial solutions.

Financial Education

Rates

Contact Us

onPar Certificate Program

Are you a member looking for a certificate at another financial institution? If you have found a certificate from another financial institution that you want to open, stop and talk to us about it. We may be able to match the rate and terms. Keep all your finances in one place and stay on par with our great services and people.

onPar Certificate Criteria:

  • $2,000 minimum
  • Terms offered from 6 months to 36 months
  • Term(s) and rate must be exactly the same (does not require new money)
  • Matched Financial Instution must be located in the state of WA or in close proximity to member’s residence
  • Matched Financial Institution must be FDIC or NCUA insured
  • The certificate will renew to the closest term available on regular certificates (Ex: 8 month onPar will renew to a 6 month certificate, etc.)
  • No matter the term, 90 day penalty applies; early withdrawal penalty may apply
  • May not succeed current Progressions Credit Union rate ceiling

Step-Up Certificates

Our Step-Up Certificates give a one-time option to adjust the Annual Percentage Yield (APY) to the present Progressions Credit Union APY offered for new certificates of identical terms. This is a great benefit in the event dividend rates rises during the term of your certificate. Your certificate’s original maturity date will not change nor will your dividend rate decrease in the event rates go down.

 Rates and Disclosures

Save to Win – 12-Month Savings Certificate

Save to Win rewards members for contributing to their own savings certificate account. You not only earn dividends on your investment, but you also have multiple chances to win money simply for saving.

Learn More

*These Truth in Savings Disclosures set forth current conditions, rates, fees and charges applicable to your Certificate and IRA Certificate accounts at
Progressions Credit Union at this time. The Credit Union may offer other rates and fees or amend the rates and fees contained in this schedule from time
to time. Each account holder agrees to the terms set forth on these Truth in Savings Disclosures and acknowledges they are part of the Membership and
Account Agreement.

Min to Open: $1,000.00 | Term: 18-36 months | Annual Percentage Rate: 3.539-3.540% | Annual Percentage Yield: 3.60% | Dividends Compounded: Monthly | Dividends Credited: Monthly | Additional Deposits: Not Allowed | Withdrawals: Allowed With Penality** | Renewable: Automatic^

**Early Withdrawal Penalty: Early withdrawal penalties apply. Fees could reduce earnings. For accounts with terms up to 12 months, the amount of the
early withdrawal penalty is 90 days of dividends whether earned or not. For accounts with terms of 13 months or longer the early withdrawal penalty is
180 days of dividends whether earned or not.
^Certificate Special Renewal: Certificate will automatically renew to the regular certificate of same term available at time of maturity

TRUTH IN SAVINGS DISCLOSURES
Except as specifically described, the following disclosures apply to all of the accounts above.
1. Rate Information. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on
the dividend rate and frequency of compounding for an annual period. For all accounts, the Dividend Rate and Annual Percentage Yield are and will be
in effect for the term of the account. The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A
withdrawal of dividends will reduce earnings.
2. Dividend Compounding and Crediting. The compounding and crediting of dividends applicable to each account is set forth in the Rate Schedule.
3. Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For all accounts dividends
are calculated by the Actual Daily Balance method which applies a periodic rate to the actual daily balance in the account for the period. The actual
daily balance is determined by adding the full amount of the principal in the account each day of the period and dividing that figure by the number of
days in the period.
4. Accrual of Dividends. For all accounts, interest will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to
your account. For all accounts, if you close your account before accrued dividends are credited, the accrued dividends will not be paid.
5. Transactions Limitations. After the account is opened you may not make deposits into the account until the maturity date stated on the certificate.
6. Maturity. Your account will mature as indicated on this Rate and Fee Schedule or as shown on your most recent Renewal Notice.
Accounts above are accurate as of the Effective Date indicated above. The Credit Union may offer other rates in the future. If you have any questions or
require current rate information on your accounts, please call the Credit Union.
Federally Insured by NCUA

*These Truth in Savings Disclosures set forth current conditions, rates, fees and charges applicable to your Certificate and IRA Certificate accounts at
Progressions Credit Union at this time. The Credit Union may offer other rates and fees or amend the rates and fees contained in this schedule from time
to time. Each account holder agrees to the terms set forth on these Truth in Savings Disclosures and acknowledges they are part of the Membership and
Account Agreement.

Min to Open: $1,000.00 | Term: 18-36 months | Annual Percentage Rate: 3.539-3.540% | Annual Percentage Yield: 3.60% | Dividends Compounded: Monthly | Dividends Credited: Monthly | Additional Deposits: Not Allowed | Withdrawals: Allowed With Penality** | Renewable: Automatic^

**Early Withdrawal Penalty: Early withdrawal penalties apply. Fees could reduce earnings. For accounts with terms up to 12 months, the amount of the
early withdrawal penalty is 90 days of dividends whether earned or not. For accounts with terms of 13 months or longer, the early withdrawal penalty is
180 days of dividends whether earned or not.
^Certificate Special Renewal: Certificate will automatically renew to the regular certificate of the same term available at time of maturity

TRUTH IN SAVINGS DISCLOSURES
Except as specifically described, the following disclosures apply to all of the accounts above.
1. Rate Information. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on
the dividend rate and frequency of compounding for an annual period. For all accounts, the Dividend Rate and Annual Percentage Yield are and will be
in effect for the term of the account. The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A
withdrawal of dividends will reduce earnings.
2. Dividend Compounding and Crediting. The compounding and crediting of dividends applicable to each account is set forth in the Rate Schedule.
3. Balance Information. The minimum balance requirements applicable to each account are set forth in the Rate Schedule. For all accounts dividends
are calculated by the Actual Daily Balance method which applies a periodic rate to the actual daily balance in the account for the period. The actual
daily balance is determined by adding the full amount of the principal in the account each day of the period and dividing that figure by the number of
days in the period.
4. Accrual of Dividends. For all accounts, interest will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to
your account. For all accounts, if you close your account before accrued dividends are credited, the accrued dividends will not be paid.
5. Transactions Limitations. After the account is opened you may not make deposits into the account until the maturity date stated on the certificate.
6. Maturity. Your account will mature as indicated on this Rate and Fee Schedule or as shown on your most recent Renewal Notice.
Accounts above are accurate as of the Effective Date indicated above. The Credit Union may offer other rates in the future. If you have any questions or
require current rate information on your accounts, please call the Credit Union.
Federally Insured by NCUA