Certificate Accounts
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.
Certificates of Deposit (CDs) vs. Certificate Accounts – Do you know that banks have CDs and we have Certificate Accounts. Similar account, but different name.
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
Do you currently have a Hudson Valley Credit Union Account?
Please note: You may open accounts with Hudson Valley Credit Union if you live, work, worship, volunteer or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Ulster, or Westchester County. If you are a joint member on other HVCU member accounts and do not have any primary accounts, please select No.
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 3-month Treasury Bill 1, plus an additional .25%.
- Available as an IRA
- Receive certificate account maturity notifications via text or email with CUAlerts
Do you currently have a Hudson Valley Credit Union Account?
Please note: You may open accounts with Hudson Valley Credit Union if you live, work, worship, volunteer or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Ulster, or Westchester County. If you are a joint member on other HVCU member accounts and do not have any primary accounts, please select No.
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.
Save Smart Certificate Accounts
- 8-month term
- $250 minimum opening balance
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.
What Your Neighbors Are Saying
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Image of woman with brown hair pulled backHVCU Member12 YearsAs a first time certificate holder at HVCU, I can’t think of anything that would have made it easier.
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Image of Male ProfessorHVCU Member48 YearsBest CD rates.
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Image of Female with short curly hairHVCU Member1 YearSince it was my first Certificate experience and the Representative made it so effortless, I can’t think of anything that needs improving.
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Image of Male hikerHVCU Member1 YearGreat service and highly competitive rates for CDs and loans.
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Image of Smiling black womanHVCU Member1 YearIt was a very pleasant experience opening a CD with one of your representatives.
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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.
1APY=Annual Percentage Yield. 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 7/1/23 through 9/30/23. 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 determined by adding .25% to the 3-month Treasury Bill auction investment rate on the last Thursday of each quarter. The dividend rate is subsequently calculated based on the indexed APY. Rate is subject to change after account opening. Fees or other conditions could reduce earnings on the account. Substantial penalty 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.