Salal Credit Union

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safe and secure savings growth

Limited-Time High-Yield Savings Rate [offer expired]

High-yield savings certificates are a smart, reliable way to grow your savings with earnings you can plan on. Right now, for a limited time only, you can lock in 2.50% APY* on 13-month and 18-month CDs. So, in other words, it’s a great time to start earning more from your savings. [Offer Expired]

How Does a Certificate of Deposit Work?

Certificates of deposit (CDs) are a safe and secure way to grow your savings with a fixed rate for a set period of time. They also offer a higher rate of return than a standard savings account. And unlike the stock market, your accounts are insured by the NCUA up to $250,000.

We’ll let you know when your certificate is about to reach its 13- or 18-month term of maturity. At that point, if you want to keep on growing your savings, you can. All Salal certificates automatically renew at the then-current rate, so you always have the option of letting your money continue to grow. If you withdraw your money before the set term has been reached, you may lose some of the interest you would have earned if the certificate had been allowed to fully mature.

Certificate of Deposit Pros and Cons


Unlike, say, the ups and downs of the stock market, with a certificate, you know what your return will be (and you know that you’ll actually be getting a return!). Also, certificate of deposit rates are often higher than a regular savings account.


If you need to withdraw your money before the certificate reaches maturity, you might have to pay a penalty.

Start Growing Your Savings Today [Offer Expired]

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*APY = Annual Percentage Yield. Minimum balance $1,000. Rates and offer subject to change. Rates accurate as of 8/22/2022. Offer available on consumer certificates of deposit for a limited time only. At maturity, unless you direct otherwise during the 10‑day grace period, the 13-month promotional certificate will renew into a standard 12-month certificate; the 18-month certificate will renew into a standard 18-month certificate. A penalty may be imposed for early withdrawal. Offer not eligible for Salal Rewards Points. Salal Credit Union membership required.