The ideal investment offers a high return, safety and flexibility.
Getting started: Existing Sonoma Federal Credit Union members may mail an initial opening deposit of $1,000 or more to the credit union. Be sure to include a note stating that the money is for a new certificate account and specify the term you desired.
- Savings certificate or IRA certificate accounts can be opened with as little as $1,000.
- Savings certificate accounts are insured for up to $250,000 by the National Credit Union Administration (NCUA), a federal government agency. IRA certificates are insured separately for up to an additional $250,000.
- Flexible terms range from three months to five years.
- Account holders may borrow against saving certificate accounts for only 3.00% more than the rate being earned on the account.