Welcome to our family

FUSE Share Certificate
 

Save for your child's education. We'll reward you for it.

Are you saving for the college education of a child 22 years of age or younger? If you are, or if you're not doing so but need to, we'd like to help. We'll provide your child with a scholarship* if you open a FUSE Share Certificate for them.

FUSE Share Certificates: Not Your Standard Share Certificates

A FUSE Share Certificate involves 5 years of multiple deposits: 52 weekly, 26 biweekly, or 12 monthly contributions. You have three easy ways to make them:

  • Direct deposit
  • Payroll allotments
  • Transfers from shares

At maturity, the scholarship will post to the certificate and the certificate will renew for the share term unless redeemed. The then-current dividend rate at the time of maturity will apply excluding dividends.

Would a $1,500 Scholarship* Help?

Each scholarship* will be equivalent to 10% of the amount that has accumulated in the Share Certificate at the time of maturity, excluding dividend. For example, if your balance is $10,000, we'll award your child a $1,000 scholarship at maturity. The maximum scholarship is $1,500 per Share Certificate.

As with our other certificates, there's a penalty for early redemption. In addition, no scholarship* will be awarded if the Share Certificate is redeemed prior to the end of the 5-year term.

* Scholarship awarded at maturity contingent upon no early redemption of the certificate. The maximum scholarship amount is $1,500 per Share Certificate.

Rate

Specialty Certificates (Last Modified: Jul 06, 2017)

Type of Account
Term
Minimum Balance
Dividend Rate
APY*
SAYGo Certificate
12-month
$25
0.75%
0.75%
Youth Certificate
6-month
$25
0.60%
0.60%
24-month
$25
1.05%
1.05%
FUSE Certificate
60-month
$25
1.05%
1.05%

Dividends Compounded: Quarterly • Dividends Credited: Quarterly • Dividend Period: Calendar Month • Minimum Balance for Dividends: $500.00 • Balance Method: Average Daily Balance • Limitations: Refer to Membership Booklet • Fees: A penalty will or may be imposed for early withdrawals. Refer to Schedule of Fees. • *APY = Annual Percentage Yield
For SAYGo, Youth, and FUSE Certificates - Minimum Opening Deposit/Balance to earn Dividends: $25.00

You are leaving Transit Employees Federal Credit Union's (TEFCU) website and entering a third-party website unaffiliated with TEFCU. TEFCU is not responsible and takes no responsibility for products, services, overall website content, security, or privacy policies on the external website you are entering or any external third-party website. The third party website is responsible for their content and offerings on their site, and their level of security may be different from ours. TEFCU's privacy policy and security policies do not apply to the external third-party website. Please refer to the website's policies and terms of use for details.