Savings
Lock in a rate, up to 4.65% APY
Terms from 3 to 60 months with a $500 minimum. Pick a date you will not need the money, and we will pay you more for the certainty.
How a share certificate works
You agree to leave a deposit in place for a set term. In exchange, the rate is fixed for the whole term.
The rate is fixed
Whatever rate you open at is the rate you keep, even if market rates fall the following month.
Terms from 3 to 60 months
Nine terms in all, so you can match a certificate to a tuition bill, a closing date, or a five-year horizon.
$500 minimum
One of the lowest minimums available, so laddering does not require a large starting balance.
Dividends your way
Compound them inside the certificate, or have them paid monthly into your checking as income.
Renewal on your terms
A ten-day grace period at maturity lets you add funds, change the term, or take the money out.
Insured to $250,000
Certificates carry the same NCUA insurance as every other deposit you hold with Summit.
The rate ladder
All terms require a $500 minimum opening deposit.
Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.
Building a ladder with $10,000
Laddering keeps part of your money reaching maturity every year, so you are never fully locked in.
Split the deposit
Open four certificates of $2,500 each, at the 12, 24, 36, and 48 month terms, on the same day.
Renew into the long end
As each one matures, roll it into a new 48-month certificate at whatever rate is current that year.
Collect the benefit
After four years you hold four long-term certificates, one maturing every twelve months, earning long-term rates with annual access.
Common questions
What exactly is the early withdrawal penalty?
If you close a certificate before maturity, you forfeit a set number of days of dividends, from 30 days on a 3-month term to 365 days on a 60-month term. Your original principal is never reduced below what you deposited.
Why does the 12-month term pay more than the 60-month?
The rate curve is inverted right now, which happens when markets expect rates to fall. A longer term still has value because it holds today's rate in place for five years.
What happens at maturity if I do nothing?
The certificate renews automatically into the same term at the rate in effect that day. We notify you thirty days beforehand and you have a ten-day grace period to change course.
Can I add money during the term?
Not to a standard certificate. Deposits can only be made at opening or during the maturity grace period, which is what allows us to guarantee the rate for the full term.
Can I withdraw dividends without a penalty?
Yes. Dividends can be paid out monthly to your Summit checking or savings account at any time with no penalty. Only withdrawing principal triggers one.
Are certificates a good place for an emergency fund?
Generally no. Keep emergency money in High-Yield Savings at 4.15% APY where it is instantly available, and use certificates for money with a known future date.
Lock in today's rate
Open a certificate online with as little as $500, or have an advisor build a ladder around your timeline.