Certificates in Maine
Lock In Higher Savings Rates with a Certificate Account
Earn a fixed return on your savings with certificate accounts designed for Maine members looking for predictable growth and secure long-term savings options. Certificates offer higher dividend rates than traditional savings accounts in exchange for keeping funds deposited for a set term.
Why Choose a Certificate Account?
A certificate account can help you grow savings faster while protecting your balance from market fluctuations.
Predictable Fixed Returns
Lock in a fixed dividend rate for the full term of your certificate.
Higher Earnings Potential
Certificates often earn more than traditional savings or money market accounts.
Flexible Term Options
Choose terms ranging from 6 months to 24 months based on your financial goals.
Safe, Low-Risk Savings
Certificate accounts provide stable growth without stock market risk.
Certificate Options Designed for Your Goals
Whether you’re building emergency savings, planning for a future purchase, or looking for guaranteed returns, certificate accounts offer structured savings growth.
Traditional Certificate Accounts
Most certificates require a minimum opening deposit and allow you to lock in a competitive fixed rate for the term you choose.
Common Certificate Terms
- 6-Month Certificates
- 12-Month Certificates
- 24-Month Certificates
Save Up Certificate
Our Save Up Certificate allows members to continue contributing funds throughout the life of the certificate while still earning a competitive fixed rate.
Save Up Certificate Benefits
- Open with as little as $100
- Continue adding funds during the term
- Available in 6-month and 12-month options
- Fixed-rate savings growth
How Certificates of Deposits (CDs) Work?
A certificate of deposit (CD) allows you to deposit funds for a fixed period of time known as the term. In exchange for committing your funds for that period, you receive a higher dividend rate than many standard deposit accounts.
What Happens at Maturity?
When your certificate reaches maturity, you can:
- Renew into a new certificate
- Transfer funds to another account
- Withdraw your balance and earned dividends
Early Withdrawal Considerations
Certificates are intended for funds you do not plan to access during the term. Early withdrawal penalties may apply if funds are removed before maturity.
Open a Certificate Online
Members can open a certificate directly through online banking by selecting:
- New Accounts
- Account Options
- Open Now
Choose your preferred certificate type, funding amount, and funding account to get started.
Certificate of Deposit FAQs
What is the difference between a certificate and a savings account?
Certificates typically offer higher fixed dividend rates in exchange for keeping funds deposited for a set term.
How much money do I need to open a certificate?
Most certificate accounts require a minimum opening deposit, though Save Up Certificates can be opened with as little as $100.
Can I add money to my certificate after opening it?
Traditional certificates usually do not allow additional deposits, but Save Up Certificates are specifically designed to allow ongoing contributions.
What happens if I withdraw funds early?
Early withdrawal penalties may apply depending on the certificate type and remaining term.
Open a Certificate Account in Maine
Whether you're saving for future goals or looking for stable long-term growth, certificate accounts provide a secure way to grow your savings with fixed returns.
