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Whether you’re saving for short- or long-term needs, certificate accounts offer a great way to save for the future. Benefits include:
- No maintenance fee
- Variety of terms, ranging from three months to 48 months
- IRA Certificates
- Prime Club members earn a special bonus rate on certificates*
*Certain restrictions apply
Effective Date: [effective-date]
Certificate Special
Regular, IRA & Business
| Account Type | Dividend Rate | Annual Percentage Yield (APY) | Minimum Opening Deposit |
|---|---|---|---|
| 11 Month | 3.06% | 3.10% | $500.00 |
| 16 Month | 3.26% | 3.30% | $500.00 |
*Annual Percentage Yield is accurate as of 12/09/2022. Limited time offer. Additional deposits are allowed during the term of the certificate.
A penalty is imposed for early withdrawal.
Upon maturity, 11 month certificate will convert to a 12 month certificate at the current rate.
Upon maturity, 16 month certificate will convert to a 18 month certificate at the current rate.
Contact Kinetic for additional disclosures.
|
Monthly Certificate
Account Type (Monthly Certificate) Dividend Rate/ Annual Percentage Yield (APY) Minimum Opening Deposit 3 Month 0.15% / 0.15% $500.00 6 Month 0.25% / 0.25% $500.00 12 Month 0.50% / 0.50% $500.00 18 Month 0.50% / 0.50% $500.00 24 Month 0.65% / 0.65% $500.00 30 Month 0.65% / 0.65% $500.00 36 Month 0.65% / 0.65% $500.00 48 Month 0.65% / 0.65% $500.00 *Additional deposits allowed for 3, 6, 12, 18 and 24 month.
Prime Club Monthly Certificate
Account Type (Prime Club Monthly Certificate) Dividend Rate/ Annual Percentage Yield (APY) Minimum Opening Deposit 3 Month 0.30% / 0.30% $500.00 6 Month 0.40% / 0.40% $500.00 12 Month 0.65% / 0.65% $500.00 18 Month 0.65% / 0.65% $500.00 24 Month 0.80% / 0.80% $500.00 30 Month 0.80% / 0.80% $500.00 36 Month 0.80% / 0.80% $500.00 48 Month 0.80% / 0.80% $500.00 *Additional deposits allowed for 3, 6, 12, 18 and 24 month.
Quarterly Certificate
Account Type (Quarterly Certificate) Dividend Rate/ Annual Percentage Yield (APY) Minimum Opening Deposit 3 Month 0.15% / 0.15% $500.00 6 Month 0.25% / 0.25% $500.00 12 Month 0.50% / 0.50% $500.00 18 Month 0.50% / 0.50% $500.00 24 Month 0.65% / 0.65% $500.00 30 Month 0.65% / 0.65% $500.00 36 Month 0.65% / 0.65% $500.00 48 Month 0.65% / 0.65% $500.00 *Additional deposits allowed for 3, 6, 12, 18 and 24 month.
Prime Club Quarterly Certificate
Account Type (Prime Club Quarterly Certificate) Dividend Rate/ Annual Percentage Yield (APY) Minimum Opening Deposit 3 Month 0.30% / 0.30% $500.00 6 Month 0.40% / 0.40% $500.00 12 Month 0.65% / 0.65% $500.00 18 Month 0.65% / 0.65% $500.00 24 Month 0.80% / 0.80% $500.00 30 Month 0.80% / 0.80% $500.00 36 Month 0.80% / 0.80% $500.00 48 Month 0.80% / 0.80% $500.00 *Additional deposits allowed for 3, 6, 12, 18 and 24 month.
IRA Quarterly Certificate
Account Type (IRA Quarterly Certificate) Dividend Rate/ Annual Percentage Yield (APY) Minimum Opening Deposit 3 Month 0.15% / 0.15% $500.00 6 Month 0.25% / 0.25% $500.00 12 Month 0.50% / 0.50% $500.00 18 Month 0.50% / 0.50% $500.00 24 Month 0.65% / 0.65% $500.00 30 Month 0.65% / 0.65% $500.00 36 Month 0.65% / 0.65% $500.00 48 Month 0.65% / 0.65% $500.00 First-time Homebuyer Certificate
Owning a home just got easier thanks to Kinetic's First-time Homebuyer Certificate. If you have started looking for a new home or saving for a down payment, Kinetic's First-time Homebuyer certificate is the perfect way to maximize your savings.
- *24-month term share certificate
- $500 minimum to open
- 2.50% APY**
- Eligible for additional deposits throughout the certificate term
- Maximum balance of $15,000
- Limit one certificate per membership
- ***Closing credit of $500 towards your mortgage closing with Kinetic
Federally Insured by NCUA
*Certificate is not eligible to automatically rollover into another certificate. However members do have the option to request a one-time renewal. Penalty for early withdrawal but the penalty will be waived if member presents a copy of a buyer’s contract. **APY=Annual Percentage Yield.
***Certificate must be opened a minimum of 90 days and cannot be used on an FHA loan. Loan must be closed within 6 months after certificate maturity.
All rates effective as [effective-date]