A savings certificate is a safe investment option that allows you to earn higher interest when you commit to depositing your savings for a set period of time. Savings certificates are the equivalent of Certificates of Deposit (CDs), however, they are issued by credit unions rather than banks. At the UPenn SFCU, small savers can earn the same rates as big depositors. The longer the term, the higher the interest rate. If you decide to withdraw part of the certificate before the maturity date, there will be an early withdrawal penalty which is outlined in our terms. Please see below for more details.
| Tiers | 6 months | 9 months | 1 year | 18 months | 2 years | 3 years | 4 years | 5 years |
|---|---|---|---|---|---|---|---|---|
| $100,000+ | 3.83% | 3.85% | 3.95% | 3.75% | 3.70% | 3.60% | 3.50% | 3.50% |
| $50,000 - $99,999 | 3.58% | 3.60% | 3.70% | 3.50% | 3.45% | 3.35% | 3.25% | 3.25% |
| $10,000 - $49,999 | 3.33% | 3.35% | 3.45% | 3.25% | 3.20% | 3.10% | 3.00% | 3.00% |
| $500 - $9,999 | 3.33% | 3.35% | 3.45% | 3.25% | 3.20% | 3.10% | 3.00% | 3.00% |
Thank you for choosing to bank with the SFCU, the first and only student-run credit union in the
Ivy League
Deposits are federally insured up to at least $250,000 per individual depositor by the National
Credit Union Share Insurance Fund (NCUSIF).
The NCUSIF is backed by the full faith and credit of the United States Government.
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The Student Federal Credit Union at the University of Pennsylvania is an independently operated financial institution, and not part of the University of Pennsylvania.