Share Certificates

Image: Share Certificate Event

Lock In a Great Rate

A Share Certificate is a fantastic way to save with flexible terms.

  • Open your Share Certificate with as little as $500 ($50 for Youth Accounts).

  • Earn competitive yields based on the term you choose.

  • Flexible terms ranging from 90 days to 10 years.

  • Fixed rate across entire Share Certificate term.

  • Open a Jumbo Share Certificate with $75,000+ to earn the highest yields with terms from 30 days to 42 months.

  • Members under 18 years old can open a Youth Share Certificate with a parent or guardian for as little as $50 and enjoy the same yields and terms as a regular Share Certificate.

Fall Share Certificates Promotion Rates

Promotion rates effective August 30 through October 31, 2018

10 month Share Certificate Promotion*
Minimum Opening Amount
APY with Premium Checking
APY without Premium Checking
Regular & IRA
$500
2.60%
2.25%
Youth
$50
2.60%
2.25%
Jumbo
$75,000
2.85%
2.50%

Share Certificates Rates

Regular Share Certificate, IRA Share Certificate, and Youth Share Certificate rates effective October 11 through October 17, 2018

Term
Minimum Balance
Dividend Rate
Annual Percentage Yield
90 Days
$500
0.747%
0.750%
6 Months
$500
0.995%
1.000%
10 Months Promotion*
$500
2.225%
2.250%
10 Months Promotion with Premium Checking*
$500
2.567%
2.600%
1 Year
$500
1.735%
1.750%
18 and 24 Months
$500
2.029%
2.050%
30/36/42 Months
$500
2.274%
2.300%
Long-Term 4-10 Year
$500
2.567%
2.600%
Jumbo 30 Days
$75,000
0.797%
0.800%
10 Months Promotion*
$75,000
2.469%
2.500%
10 Months Promotion with Premium Checking*
$75,000
2.810%
2.850%
Jumbo 1 Year
$75,000
1.980%
2.000%

Get Started Today!

  • To open your share certificate, visit your nearest Summit branch or contact Member Services at (585) 453-7030 or (800) 836-7328 extension 7030.

  • For a full listing of share certificate rates, please see our Share Certificate Rate Schedule.

  • We also have a wide variety of IRAs and other Retirement & Investment Services. We offer many different options to help you reach your retirement goals or supplement other retirement plans. At The Summit, we’ve got you covered!

  • For a full listing of savings rates, see our Rate and Fee Schedule.

Rates are subject to change at any time. Minimum balance to open certificate and earn Annual Percentage Yield is $500 or $50 for members under 18. Not responsible for typographical errors. Fees may reduce earnings. Early withdrawal penalties may apply.

*Membership eligibility required. Certificate must be opened between 8/30/2018 and 10/31/2018. To qualify for the promotional Annual Percentage Yield (APY) you must open a new Share Certificate with promotional term of 10 months with New Funds. New Funds are funds that have not been on deposit with The Summit in the past 30 days. APY assumes daily compounding of principal and interest. Early withdrawal of dividends or principal may affect your APY earned. There may be a substantial penalty for early withdrawal. Certificate renews automatically for 12 month term at the rate in effect at the time of renewal unless otherwise directed. Valid on new certificates only; existing certificates not eligible. Dividends on the Premium Checking are not paid if your average daily balance is below $1,000. A $5.00 fee applies if average daily balance falls below $1,000 in any given month. Premium Checking must remain open for the initial 10 month term of the Certificate. Offer subject to change at any time at our sole discretion without notice.