Share Certificate (CD) & Club Accounts

Opening a Share Certificate

With a Share Certificate, members can lock in a higher interest rate by committing their money for a specific period of time. An excellent alternative to Regular Savings Accounts, Share Certificates guarantee a fixed rate of return, making them safe, secure, & risk free. A Share Certificate is secured through the National Credit Union Association (NCUA).

 Open a Share Certificate with a minimum of $500.00, and for as short as 6 months or as long as 3 years.

When a Certificate of Deposit matures, it will automatically renew for the same term as the original term. You will have a grace period of seven (7) calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty or to change the renewal term of the Certificate.

See our Interest (Dividend) Schedule.

With a Holiday Account, members can save for holiday expenses and earn more money with higher dividends and more flexibility than a Share Certificate. This account is secured through the National Credit Union Association (NCUA).

 Open a Holiday Club anytime with a minimum deposit of $15.00. The maximum amount to earn dividends is $10,000.00. Dividends on this account are paid at close of business on October 31, of every year. Funds become available on November 1, and are transferred to your regular savings account.

Our dividend rate for 2023 - 2024 Holiday Club Account is 1% APY

When opening a Holiday Account, you have two choices for receiving funds upon maturity. You can opt for automatic renewal for the same term as the original or choose to transfer the funds to your share account. Keep in mind that you can withdraw the funds at any time without incurring an early withdrawal penalty.

See our Interest (Dividend) Schedule.

Contact one of our Member Service Representatives if you have additional questions at (212) 529-8197, (212) 828-6061, or (718) 554-4544 or by emailing lespfcu@lespfcu.org.