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.
| Share Certificates† |
APY* |
Min Bal** |
| 9-Month Special*** |
1.50% |
$500 |
| 6 Months |
0.85% |
$500 |
| 12 Months |
1.15% |
$500 |
| 18 Months |
1.35% |
$500 |
| 24 Months |
1.40% |
$500 |
| 30 Months |
1.50% |
$500 |
| 36 Months |
1.60% |
$500 |
Effective Sep 21, 2018
†Early withdrawal penalties apply to certificates. Dividends are compounded and paid monthly. ***Offer ends 2/28/2019. Must use funds currently on deposit or held at Blue Flame Credit Union. Money must be with Blue Flame Credit Union before June 1, 2018. If funds are deposited after 6/1, funds must be available for 30 days before use to open a CD. Minimum deposit of $500. There is a $1,000,000 Credit Union limit for the 9 month CD. If CD is not redeemed at maturity, it will automatically roll into a 12-month CD at the then current rate. IRA's are not eligible. Funds may not come from an early withdrawal of a current CD product. Early withdrawal penalties apply. BFCU reserves the right to extend or end offers at any time.
*APY = Annual Percentage Yield.
**Minimum balance before dividends can be earned.
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, BFCU 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.
| Young Member Certificate |
APY* |
Min Bal |
| 6 Months |
0.85% |
$25 |
| 12 Months |
1.15% |
$25 |
| 18 Months |
1.35% |
$25 |
| 24 Months |
1.40% |
$25 |
| 30 Months |
1.50% |
$25 |
| 36 months |
1.60% |
$500 |
Effective Sep 21, 2018
†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.
Member receives maturity notice, prior to certificate maturity date. Certificates mature automatically, for same term, unless otherwise requested by member.
