Share Certificates earn competitive rates while requiring low minimum deposits. Certificate terms range from three (3) months to five (5) years. Dividends are calculated daily and paid monthly. Dividends can be transferred to another HMFCU account or mailed by check monthly to member. There is a penalty for early withdrawal.
Need some more flexibility? Flex certificates have terms from twelve (12) months or eighteen months (18) months. One penalty free withdrawal during the term. One rate change during the term. AND you can make deposits of $100 or more throughout the term.
Bump Up Share Certificates (Promotional Only)
Market Index Certificates-High Rewards Without High Risk
In the stock market, what goes up, must come down...eventually. Now you can defy gravity with a Market Index Certificate. If you are one of the 52% of Americans who are reluctant to invest in a risky Stock then a Market Index may be for you. This insured IRA, and non-IRA, investment gives you the opportunity to earn stock market-like returns without risking your deposit.
Market Index Certificates are based on the S&P 500 Composite Stock Price Index. If the Index is higher on the day your certificate matures than on the day it was established, you earn a percentage of the increase. If the Index goes down, no dividends are earned -- but your principal remains secure and federally insured.
Market Index Certificates offer you the choice of 1-, 2-, 4 or 7-year maturities, and are federally insured by the National Credit Union Administration.