- Membership
- Membership
- Business
- Savings
- Checking
- Rewards Card
- Loans
- Additional Services
- Member Testimonials
- Home
- Home Loans
- Refinancing Your Home
- Home Equity Loans
- Auto
- Auto Loans
- Refinancing Your Car
- Motorcycles
- Resources
- Education
- Telephone Banking
- Prevent Identity Theft
- News
- Grow Financial Foundation
- SEG Program
- Insurance
- Additional Benefits
- Contact
- Contact Information
- FAQs
- Careers
Home › Personal › Certificate & IRA Certificate Accounts
Your Future Starts Now
You’ve got a lot of options when it comes to savings accounts. If you’re looking to maximize your returns and have some time to spare, a Certificate Account is the way to go. You can lock in competitive rates on balances starting at just $500, then let time do its thing as dividends compound throughout your selected term. That’s more bang for your buck and a great way to save money.
It All Starts Here
The first step is opening a Basic Savings Account, instantly making you a Grow member. From there, you have complete access to all the benefits of membership in a credit union, including opening other high-dividend savings accounts best suited to your financial goals.
Open a Basic Savings Account
Already Applied?
Open a Certificate Account in Online Banking
Why Choose a Certificate Account?
Ready to set up your five-year plan? Is retirement right around the corner? Our Certificate Accounts help you securely and steadily maximize your savings over time.
View Our Rates
High dividends
Security
Insured by NCUA
Choose the Right Account for You
Certificate Account
If you have any amount over $500 that doesn’t fit under your mattress anymore, you can open a Certificate Account. You choose how long to invest, from six months to five years, and your money grows steadily as dividends compound throughout the term.
IRA Certificate Account
Whether your retirement is a way down the road or right around the corner, our IRA Certificate Account offers our most attractive rates. With balances of $500 or more, you get the best of everything; the security of a Certificate Account plus potential tax advantages that could really make your savings grow faster.
Setting You Up for Success
See how much you can save over your desired period of time.
| Certificate Account | Dividend Rate $500 - $99,999.99 | Annual Percentage Yield (APY) $500 - $99,999.99 | Dividend Rate $100,000+ | Annual Percentage Yield (APY) $100,000+ |
|---|---|---|---|---|
| 6 - 11 months | 4.80% | 4.91%1 | 4.90% | 5.01%1 |
| 12 - 17 months | 4.65% | 4.75%1 | 4.75% | 4.86%1 |
| 18 - 23 months | 4.25% | 4.33%1 | 4.35% | 4.44%1 |
| 24 - 29 months | 4.25% | 4.33%1 | 4.35% | 4.44%1 |
| 30 - 35 months | 3.70% | 3.76%1 | 3.80% | 3.87%1 |
| 36 - 47 months | 3.95% | 4.02%1 | 4.05% | 4.13%1 |
| 48 - 59 months | 3.95% | 4.02%1 | 4.05% | 4.13%1 |
| 60 months | 4.65% | 4.75%1 | 4.75% | 4.86%1 |
| Dividend Rate $500 - $99,999.99 | 4.80% |
|---|---|
| Annual Percentage Yield (APY) $500 - $99,999.99 | 4.91%1 |
| Dividend Rate $100,000+ | 4.90% |
| Annual Percentage Yield (APY) $100,000+ | 5.01%1 |
Setting You Up For Success
See how much you can save over your desired period of time.
| IRA Certificate Account | Dividend Rate $500 - $99,999.99 | Annual Percentage Yield (APY) $500 - $99,999.99 | Dividend Rate $100,000+ | Annual Percentage Yield (APY) $100,000+ |
|---|---|---|---|---|
| 6 - 11 months | 4.80% | 4.91%1 | 4.90% | 5.01%1 |
| 12 - 17 months | 4.65% | 4.75%1 | 4.75% | 4.86%1 |
| 18 - 23 months | 4.25% | 4.33%1 | 4.35% | 4.44%1 |
| 24 - 29 months | 4.25% | 4.33%1 | 4.35% | 4.44%1 |
| 30 - 35 months | 3.70% | 3.76%1 | 3.80% | 3.87%1 |
| 36 - 47 months | 3.95% | 4.02%1 | 4.05% | 4.13%1 |
| 48 - 59 months | 3.95% | 4.02%1 | 4.05% | 4.13%1 |
| 60 months | 4.65% | 4.75%1 | 4.75% | 4.86%1 |
| Dividend Rate $500 - $99,999.99 | 4.80% |
|---|---|
| Annual Percentage Yield (APY) $500 - $99,999.99 | 4.91%1 |
| Dividend Rate $100,000+ | 4.90% |
| Annual Percentage Yield (APY) $100,000+ | 5.01%1 |
Get the Most Out of Your Savings
Our dedicated Grow team members have crafted this guide to help you understand and maximize your savings options.
See All Blogs
January 12, 2023
Save More with a Certificate Account
Rates are rising, and that means there’s no better time than the present to maximize your extra savings.
Learn More
January 9, 2020
Exploring One of Grow’s Most Popular Savings Options
Among numerous options to grow your savings, Certificate Accounts stand out as reliable, safe investments with solid returns.
Learn More
December 15, 2022
Looking for a Safe Investment? Try the Certificate Laddering Strategy.
A Grow Certificate Account is a safe investment to earn a sure return. Basically, all you do is set some money aside for a while and watch it grow.
Learn More
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What does this mean for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Accounts are subject to approval.
1The APYs are accurate as of 06/01/2024 and may change without notice. Fees could reduce earnings on the account. A penalty will be imposed for early withdrawals. If the account is opened with $100,000 or more, you must maintain a daily balance of $100,000 in your account each day to obtain the disclosed APY. If the account is opened with less than $100,000, you must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed APY. If your account falls below the minimum balance requirements, your account will be closed. Certain restrictions apply on IRAs. Not all taxpayers are eligible. Consult your tax advisor.View additional certificate account disclosures.
How to Find Your Routing & Account Numbers
When you make a payment online, by phone or on a mobile device, you may be asked for our routing number and your checking account number. Credit unions and banks use these numbers to identify accounts and make sure money gets where it’s supposed to be. You’ll also need to provide your routing and checking account numbers for:
- Direct deposits
- Electronic checks
- Military allotments
- Wire transfers
Where to Find Your Routing & Checking Account Numbers
Your personal checks include both our routing number and your account number, as shown on the Grow check example below.
Don’t have a Grow check? No worries.
Visit any Grow store and ask for a Direct Deposit Form. It lists both your routing number and checking account number.
Making a Loan Payment
When it comes to making payments, we try to make it as painless as possible to pay your loan every month. We have several different ways to pay, including convenient online options.
Pay Online
You have two ways to pay online by transferring funds from another bank or credit union.
- Grow Online Banking (Preferred payment method for any loan)
This is the simplest way to pay your loan. You can make one-time payments or set up automatic recurring payments in Grow Online Banking. Once you log in, select “Transfer/Payments” from the menu. If you’re not enrolled in Grow Online Banking yet, you can set up your account in just a few minutes.
Log In
- Debit Card or ACH (Available for auto, personal loans and HELOCs)
Note: ACH and debit card payments are not available for credit cards or most mortgages, except HELOCs.
We accept ACH payments with no additional fees or Mastercard® and Visa® debit cards with a convenience fee of $4.95. To get started with an online ACH or debit card payment, select Pay Now below.
Pay Now
Pay by Mail
You can also pay any Grow loan by check through the mail. Please remember to include your account number and Grow loan number on the check. (For credit card payments, please do not write your 16-digit credit card number on the check, which can cause a delay in processing the payment.)
Address for auto, credit card, personal loan and HELOC payments:
Grow Financial Federal Credit Union
P.O. Box 75466
Chicago, IL 60675-5466
Address for personal first or second mortgages and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733
You Are About To Leave GrowFinancial.org
At certain places on this site, there are links to other websites. Grow Financial Federal Credit Union does not endorse, approve, represent, certify or control those external sites. The credit union does not guarantee the accuracy, completeness, efficacy, timeliness or accurate sequencing of the information contained on them. You will not be represented by Grow Financial Federal Credit Union if you enter into a transaction. Privacy and security policies may differ from those practiced by the credit union. Click CONTINUE if you wish to proceed.
Continue
