Posted on Oct 04, 2017
A Share Certificate is very similar to a savings account, except that you agree to not make a withdrawal for a set period of time, and therefore, you earn more. A Share Certificate with a Credit Union is also the equivalent of a Certificate of Deposit with a Bank. Both have the same benefits of earning a higher yield than your basic savings account!
The Skinny on this Share Certificate Special:
For complete promotional details, FAQs and information on how to open a Promotional Share Certificate and move money over, please contact:
Community Financial Center Manager
Palm Harbor Community Financial Center
888.871.2690, extension 20520
*APY=Annual Percentage Yield as of 10/1/2017. Existing Regular Share Certificate(s) opened prior to 10/3/2017 are ineligible for the Share Certificate Special Yield. Regular Share Certificate Yields still apply based on the original term Yield. In order to receive the special, the new Promotional Share Certificate must be funded by external money from another financial institution; it cannot be funded through money that is already deposited at GTE Financial. Jumbo .25% APY increase, Add-on features for all terms, no cap and $20 funding increments are exclusive features related to this special and will not apply when the special is over or to existing Share Certificates opened prior to or after this promotion. The money you earn on a Share Certificate is referred to as a dividend. Dividends compound monthly and are paid on the last day of the month and at maturity. If you decide to make a withdrawal on the Promotional Share Certificate, you would forfeit up to 90 days earned dividends for 6 and 12 month terms. For longer terms, you would forfeit up to 180 days earned dividends. The Member Advantage .25% APY increase or other deposit offers on Share Certificates cannot be combined with the Promotional Share Certificate Yields during this special. This promotion is subject to change and cancellation at any time without notice. Federally insured by NCUA.