More leniency and higher rates await bankers who plan to invest in a PSECU certificate share. Aside from being comparably among the highest CD rates quoted this banking season, these certificates also have lower penalty fees compared to certificates shares from other banks. This holds true especially for certificate shares with over 12 months of maturation term.

Pegged as favorites are the 4.00% APY offer on the 60-month CD, and the 3.445% APY on the 24-Month CD. The minimum deposit required for these shares is $500. That’s an attractive sum considering the long maturation term (60 months) required for the 4.00% offer.

Depositors don’t have to worry about high penalty fees for early withdrawals either. It appears that PSECU has placed a fixed 90-day penalty on all CD terms. This is a very small fee considering how most certificate shares from other banks deduct at least 180 days’ worth of dividends from the amount prematurely withdrawn by the depositor. Most people lose half their money simply by paying for penalties caused by early withdrawals

You need to be a member of the PSECU to open a certificate account. Membership to this bank is open to government employees, schools, students, and Pennsylvanian College alumni based in Pennsylvania. PSECU also welcomes members of the Pennsylvania State Education Association. For more information on the eligibility for membership, please refer to the bank’s eligibility page. To make your membership official, you need to open a savings account which required a minimum deposit of $5.

Branches of the PSECU can be located in Indiana and Harrisburg, PA. This credit union is insured by the NCUA under Charter #64131. Depositors can rest assured that they’re putting their money in a stable credit union with $3.2 billion worth of assets and 347,828 loyal members.