Invest in Your Future with a Certificate Account
Start building your long-term savings quickly and easily. Certificate accounts are a great way to save for any goal, and provide a safe way to save your money. They earn higher yields than savings, checking, and tiered money market accounts, and have low minimum opening balance requirements.
HVCU Certificate Account Options
Hudson Valley Credit Union offers certificate account options to meet your savings goals!
Fixed Rate Certificates - These accounts provide a set dividend rate over the certificate term, offering predictable returns and peace of mind.
Flex Certificate Accounts - For those seeking more flexibility, our Flex Certificate Accounts offers potential dividend rate increases during the term.
Explore our current certificate account rates below and find the perfect savings solution for your financial journey.
Fixed Rate Certificates
- 3, 6, 12, 24, 36, 48, and 60 month terms available
- $500 minimum opening balance
- Higher APYs for opening deposits of $50,000 and $100,000
- Available as an IRA
- Can be pledged as collateral for a secured loan
- Receive certificate account maturity notifications via text or email with CUAlerts
Please select an option below to open your account.
Please note: If you are a joint member on other HVCU member accounts and do not have any primary accounts, please select New Members.
To qualify for a Hudson Valley Credit Union account, you MUST live, work, worship, volunteer, or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Sullivan, Ulster, or Westchester County.
Flexible Rate Certificates
The true strength of our Flex Rate Certificate Account lies in its ability to keep pace with today’s changing market.
- 12-month term
- $750 minimum balance
- Flex rate tied to the Effective Federal Funds Rate (EFFR) on the last Thursday of each quarter2
- Available as an IRA
- Receive certificate account maturity notifications via text or email with CUAlerts
Please select an option below to open your account.
Please note: If you are a joint member on other HVCU member accounts and do not have any primary accounts, please select New Members.
To qualify for a Hudson Valley Credit Union account, you MUST live, work, worship, volunteer, or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Sullivan, Ulster, or Westchester County.
Certificate accounts can also be opened online from the Accounts & Loans > New Acct / Loan App menus within Internet Banking and Mobile Banking,
at any branch, or over the phone at 845.463.3011.
Certificates of Deposit (CDs) vs. Certificate Accounts
While banks offer certificates of deposit (CDs), Hudson Valley Credit Union provides certificate accounts. These financial products are very similar in nature, offering a way to save money for a fixed term at a higher dividend rate than typical savings accounts. The key difference lies in the institution offering them:
- Banks issue certificates of deposit (CDs)
- Credit unions, like HVCU, offer certificate accounts
By choosing a certificate account with Hudson Valley Credit Union, you're not just making a smart investment—you're becoming a member of a community-focused financial institution dedicated to your financial well-being.
Save Smart Certificate Accounts
- 8-month term
- $250 minimum opening balance
Please select an option below to open your account.
Please note: If you are a joint member on other HVCU member accounts and do not have any primary accounts, please select New Members.
To qualify for a Hudson Valley Credit Union account, you MUST live, work, worship, volunteer, or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Sullivan, Ulster, or Westchester County.
Check Out Our Certificate Account Rates
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By laddering, or staggering your certificate account maturity dates and amounts, you can ensure maturities for more liquidity in case of emergency or projected need. Laddering works to your benefit by helping you avoid penalties that occur from cashing out a certificate account before its maturity.
Explore Certificate Account Laddering
Certificate account laddering is a great strategy to avoid putting all of your eggs into one basket. Consider this example of opening five $5,000 certificate accounts instead of one $25,000 certificate account:
Year One: Open 5 certificate accounts, each for $5,000 for 12, 24, 36, 48, and 60-month terms.
Year Two: When the 12-month certificate account comes due, open another 60-month certificate account.
Year Three: When the 24-month certificate account comes due, open another 60-month certificate account.
And so on, so that you essentially have a certificate account maturing every year.
With the above strategy or "laddering", you’ll have access to some of your money at shorter intervals while still being able to take advantage of higher interest rates offered on longer term certificate accounts. You can also avoid unnecessary penalties that occur from cashing out longer-term certificates before maturity. If you need quick access to your funds, you’ll have an account maturing every year that you could choose to reinvest or put into a checking or savings account.
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Use our certificate accounts instructions form to manage the funds in a maturing certificate account or to instruct us how you’d like your certificate account dividends distributed.
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Receive a text or email notification via CUAlerts about when your certificate account is maturing. When setting up the alert, you can specify how many days in advance of the maturity you'd like to be notified. To set up this alert, access CUAlerts from within Internet Banking or Mobile Banking.
Your Money Is Protected
Accounts at HVCU are Federally Insured for up to $250,000. Share insurance coverage is provided by the National Credit Union Administration (NCUA), an independent government agency that charters, regulates and insures federal credit unions. Visit mycreditunion.gov to learn more about your Share Insurance Coverage.
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Important Legal Disclosures & Information
The tools and calculators on the HVCU website are provided for educational and illustrative purposes only. The accuracy of the calculations and their applicability to your financial circumstances are not guaranteed. HVCU does not provide tax, legal, accounting, financial, investment or other professional advice. The tools and calculators should not be used as a substitute for tax, legal, accounting, financial, investment or other professional advice. Your use of the tools or calculators does not assure the availability of, or your eligibility for, any specific product offered by HVCU or its affiliates. The terms and conditions of specific products may differ and affect the results obtained by using these tools and calculators. All financing is subject to credit approval. The default figures, amounts and information shown in the tools and calculators are hypothetical and may not be applicable to you. Please consult with qualified professionals to discuss your particular situation.
1Rates are accurate as of 4/24/25, and are subject to change without notice. APY=Annual Percentage Yield. The minimum balance to open a certificate account or IRA certificate account and earn the stated APY is $500. The minimum balance to open a jumbo certificate account or a jumbo IRA certificate account and earn the stated APY plus .05% is $50,000, or $100,000 to earn stated APY plus .10%. Fees or other conditions could reduce earnings on any account. A substantial penalty will be imposed for early withdrawals of certificate accounts. All accounts are subject to the applicable terms and conditions set forth in the Truth in Savings Disclosure and Account Agreement, Truth in Savings Disclosure and Account Agreement for Certificates and IRA Certificates, the Fee Schedule, and any agreement to which the Truth in Savings Disclosure and Account Agreement references.
2APY=Annual Percentage Yield. Flex certificate accounts have a variable dividend rate and APY that changes quarterly, or four times per year. Above is the variable Dividend Rate and variable APY for Flex Certificate Accounts and IRA Flex Certificate Accounts. The variable Dividend Rate and APY are effective 1/1/25 through 3/31/25. The minimum to open a 12-month term Flex Certificate Account or IRA Flex Certificate Account and earn the stated APY is $750. The APY is based on the Effective Federal Funds Rate (EFFR) in effect on the last Thursday of each quarter. The dividend rate is subsequently calculated based on the indexed APY and may change quarterly in accordance with this disclosure. Rate is subject to change after account opening. Fees or other conditions could reduce earnings on the account. A substantial penalty will be imposed for early withdrawal. IRA and Jumbo Flex Certificate Accounts earn the same Dividend Rate and APY as regular Flex Certificate Accounts. For all accounts, dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. All accounts are subject to the applicable terms and conditions set forth in the Truth in Savings Disclosure and Account Agreement, Disclosure and Account Agreement for Certificates and IRA Certificates, the Fee Schedule, and any agreement to which the Truth in Savings Disclosure and Account Agreement references.