FUSE Share Certificate
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.
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.
Specialty Certificates (Last Modified: Jul 06, 2017)
|Type of Account|
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