Certificates
Blue Flame savings certificates give you a number of options to incorporate into your financial plan. We even have special certificates for our younger members!
Flexible Options with Guaranteed Dividends
A certificate is a valuable financial product that guarantees you a return on your savings in exchange for a committed term. With a low minimum deposit of just $500 (only $25 for our members under 23), you can select the term that works for you — as short as six months and up to 30 months. Your certificate can be a regular savings certificate or an IRA certificate.
The longer your certificate, the higher the guaranteed return on your investment. You earn dividends on certificates from the date of your opening deposit up to your maturity date, compounded monthly. You will receive a maturity notice, prior to certificate maturity date, and your certificate will mature automatically, for same term, unless otherwise requested.
| Term | APY* | Min. Balance** |
|---|---|---|
| 3 Months | 2.50% | $500 |
| 6 Months | 2.75% | $500 |
| 12 Months | 3.00% | $500 |
| 18 Months | 3.05% | $500 |
| 24 Months | 3.10% | $500 |
| 36 Months | 3.25% | $500 |
| 48 Months | 3.30% | $500 |
| 60 Months | 3.50% | $500 |
*APY = Annual Percentage Yield. **Minimum balance before dividends can be earned.†Early withdrawal penalties apply to certificates. Dividends are compounded and paid monthly.
Step Up to Savings
A popular option for many members that gives guaranteed returns and periodic liquidity is stepping or staggering several certificates. Instead of depositing your full investment balance into one certificate, you would divide the investment amount over several certificates with varying terms. This gives you access to those funds at recurring maturity intervals. If you don’t need the funds, you simply reinvest in a higher term certificate. Ask our professional member representatives for complete details on this approach.
Savings Certificates for Our Younger Members
As an encouragement for family members to start putting aside money for a child’s future expenses, Blue Flame offers special Youth/Young Adult Certificates with lower minimum deposits requirements:
- Youth Certificates are available to members under age 18.
- Young Adult Certificates are available for members ages 18 to 23.
- The minimum deposit for Youth/Young Adult Certificates is only $25.00.
- Funds may be added to the Youth/Young Adult Certificate at any time, without penalty.
| Term | APY* | Min. Balance |
|---|---|---|
| 3 Months | 2.50% | $500 |
| 6 Months | 2.75% | $500 |
| 12 Months | 3.00% | $500 |
| 18 Months | 3.05% | $500 |
| 24 Months | 3.10% | $500 |
| 36 Months | 3.25% | $500 |
| 48 Months | 3.30% | $500 |
| 60 Months | 3.50% | $500 |
†For Youth (under age 18) and Young Adults (through age 23). Early withdrawal penalties apply to certificates. Additional deposits may be made to Youth/Young Adult Certificates. Dividends are compounded and paid monthly.
*APY = Annual Percentage Yield.
