A way to earn higher dividends by locking your funds in for a set term
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Overview
Why get Share Certificates from HFS?
Make your money work for you while you save and profit from the dividends earned. You can select terms ranging from 6 months to 5 years – all at competitive dividend rates.
- Fixed Annual Percentage Yield (APY)
- Minimum deposit of $2,500
- Dividends deposited monthly
Additional Info
Have your opening deposit transferred from your Savings Account or bring cash, check, or Money Order to any of our six convenient locations.
1APY= Annual Percentage Yield. A minimum deposit of $2,500.00 is required to earn the stated APY. The stated APY is based on a 12 month term. Other terms and yields available. The dividend rate and the APY are fixed and will be in effect for the initial term of the account. For accounts subject to dividend compounding, the APY is based on an assumption that dividends will remain on deposit until maturity. Share Certificates may be subject to a penalty for early withdrawal. Fees may reduce earnings. Dividend rates subject to change.
All current and available dividends and fees are available in the Rates and Fees tab.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A minimum opening balance of $50.00 is required to open a Savings Account.
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Reviews
Share Certificates Reviews
by Eleanor2 year certificateIt was easy and fast!
Don't have to think about transferring interest stays in account and gets more interest.
Staff is always gracious and willing to help and explain. Mahalo, HFS Waimea!!Mahalo for your review Eleanor!
by GrantWhy bother?I had an HFS CD for 60 mos and then 12 mos respectively.
I switched to buying Tbills as they pay as of today(12/6/18) 2.41% APR for a 91 day bill. Interest is not taxable by the state which dramatically increases the real rate here in tax happy Hawaii.
Why can't you give a better CD rate than what you do?
If I, a run of the mill HFS member can beat your short term rates by
over 300%, why can't you do better?Aloha Grant,
Our Credit Union attempts to offer competitive rates compared to similar products on the market. There are many investment options on the market today and each person needs to make their own choices based on the risk and return they are comfortable with. Thank you for your feedback!
by JamesCDneeds compounded interest on CD
Thank you for your feedback!
by SusanShare certificateShare certificate is great, we just wish the interest would compound and get fed back into certificate account (instead of getting credited to our regular savings account).
by LongtimecustomerDisapointed that interest does not compound.This CD should be sold with the words "simple interest rate" someplace prominent.
My Review
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Rates & Fees
Rates Effective as of: 04-01-2023
Share Certificates
Term Suffix Dividend Rate Annual Percentage Yield (APY) Minimum Deposit (2) 6 Months S6 2.50% 2.53% $2,500.00 12 Months S12 3.75% 3.82% $2,500.00 18 Months S18 3.75% 3.82% $2,500.00 24 Months S24 3.75% 3.82% $2,500.00 36 Months S36 3.50% 3.56% $2,500.00 48 Months S48 3.50% 3.56% $2,500.00 60 Months S60 3.50% 3.56% $2,500.00 1APY= Annual Percentage Yield. A minimum deposit of $2,500.00 is required to earn the stated APY. The stated APY is based on a 12 month term. Other terms and yields available. The dividend rate and the APY are fixed and will be in effect for the initial term of the account. For accounts subject to dividend compounding, the APY is based on an assumption that dividends will remain on deposit until maturity. Share Certificates may be subject to a penalty for early withdrawal. Fees may reduce earnings. Dividend rates subject to change.
The dividend rate and the APY are fixed and will be in effect for the initial term of the account. For accounts subject to dividend compounding, the APY is based on an assumption that dividends will remain on deposit until maturity. Share Certificates may be subject to a penalty for early withdrawal. Fees may reduce earnings. Dividend rates subject to change.
(2)A minimum deposit of $2,500.00 is required to earn the stated Annual Percentage Yield (APY).
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A minimum opening balance of $50.00 is required to open a Savings Account.
Additional Info
Funds can be withdrawn from a certificate at any time however there is an early withdrawal penalty based on the term of the account.
- Terms of 12 months or less incur a penalty of 30 days’ dividends
- Terms of longer than 12 months incur a penalty of 90 days’ dividends
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FAQ
Frequently Asked Questions
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What does dividend compounding mean?
Compounding is the process in which the dividends that the certificate earns are reinvested back into the certificate to generate larger dividend earnings over time. This growth occurs because the certificate will be earning dividends based on the original principal and the accumulated dividends earned from previous months.
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What does dividend compounding mean?
Helpful Links
Questions?
Drop us a message anytime with your questions about Share Certificates.
