What is a Certificate?
A Certificate is a savings certificate entitling the bearer to receive interest. A Certificate has a maturity date and a specified, fixed interest rate. Freedom First offers certificates with terms of 6, 12, 24, 36, 48, and 60 months. Please refer to our rates for current information.

Are Freedom First Certificates insured?
Yes. Certificates are insured up to $250,000 and backed by the full faith and credit of the United States Government under the National Credit Union Administration (NCUA), just like federally insured bank deposits are covered by the FDIC.

Why don’t you offer a CD (Certificate of Deposit) like banks do?
Share Certificates at Freedom First are of the same nature as certificates of deposit at other financial institutions.

What is the difference between the dividend rate & the Annual Percentage Yield (APY) on my Certificate?
The dividend rate is used to determine how much in dividends the Certificate earns each day. The Annual Percentage Yield (APY) is the effective annual rate of return based upon the dividend rate and includes the effect of compounding interest.

How many withdrawals may I make from my Certificate, and what is the cost to withdraw?
You are able to make an early withdrawal on your Certificate before it matures; however, doing so will incur a substantial fee and may require closing the certificate altogether so it is not recommended. Contact us to discuss your options and what the fee may be before attempting to withdraw from your Certificate.

What happens when my Certificate matures?
At maturity, the Certificate renews for the same term automatically at the market rate at that time. If you would like to only withdraw a portion of the amount in your Certificate at maturity, you may do so within 10 calendar days of your Certificate maturity date.