At WyHy, we understand that smart saving is the cornerstone of financial security. Our range of certificate options is designed to help you grow your savings with competitive rates and flexible terms.
Here’s why WyHy certificates stand out:
- Competitive Rates and Flexible Terms: WyHy certificates offer some of the most competitive rates in the market, ensuring your money works harder for you. With terms ranging from 6 months to 30 months, you can choose the option that best fits your financial goals.
- Special Promotional Rates: Our special promotional rates provide an excellent opportunity to maximize your earnings. These rates are fixed upon opening the account, offering stability and predictability in your savings.
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Federally Insured by NCUA: Your savings are secure with WyHy. All certificates are federally insured by the National Credit Union Administration (NCUA), providing peace of mind that your money is safe.
Benefits of WyHy Certificates
- Compounded Quarterly: Watch your savings grow faster with dividends compounded quarterly.
- Fixed Rates: Lock in your rate at the time of opening to protect against market fluctuations.
- IRA Options: While some promotional certificates are not available as IRAs, our standard certificate options can be included in your retirement planning.
WyHy High-Yield Certificate Options
4.65%* APY 8-Month Certificate
Boost Your Savings with WyHy's 4.65% APY 8-Month Certificate!* Whether you're planning a quick getaway, building an emergency fund, or saving for a special purchase, our 8-month Certificate provides a competitive return with the security you need to reach your goals.
Key Features and Requirements:
- High Yield: Earn 4.65% APY* on your savings.
- Short Term: Enjoy a quick 8-month term.
- Low Minimum Deposit: Open your certificate with just $500.
- Flexible Funding: Both new and existing funds qualify.
- IRA Exclusion: This promotional certificate is not available for IRAs.
Join WyHy and make saving a fun and rewarding experience.
Term Share Certificates
A Term Share Certificate is a smart choice for earning high rates on risk-free, short- to medium-term deposits. Your rate is guaranteed for the term, and your deposits are federally insured by the NCUA.
Key Features:
- Flexible Terms: Choose from 6 to 60 months.
- Low Minimum Balance: Start with just $500.
- Competitive Rates: Higher deposits yield better rates.
- Fixed Rate and Term: Enjoy a guaranteed rate for the duration of the certificate, offering higher returns than a regular share account.
- Automatic Renewal: Certificates renew automatically at maturity with a 10-day grace period.
- Quarterly Dividends: Dividends are accrued daily, compounded quarterly, and can be credited to the certificate, taken by check, or transferred to another share account.
- Smart Points*: Smart points can only be used on terms of 24 months or longer.
- Boost Your Rate: Use Smart Points to increase your rate!
Secure your future with WyHy's high-yield Term Share Certificates and enjoy the benefits of guaranteed rates and federal insurance.
15-Month Smart Savers Certificate
The 15-Month Smart Savers Certificate from WyHy is designed to help adults teach youth the importance of saving. Open a certificate for anyone aged 0–17, and WyHy will match the opening deposit up to $50!*
Key Features:
- Open to Youth (Ages 0-17): Perfect for teaching the value of saving early.
- Opening Deposit Match: WyHy matches the opening deposit up to $50.
- Additional Deposits: Add funds anytime during the 15-month term.
- Low Minimum Balance: Start with just $10.
- Automatic Renewal: Automatically renews at maturity with a 10-day grace period. If the balance reaches $500 or more, invest in any other certificate product without penalty.
- IRA Eligible: Available to all members, including those with IRAs.
- Quarterly Dividends: Dividends accrued daily and compounded quarterly. Credit dividends to the certificate, take them by check, or transfer to another share account.
Help the youth in your life build a strong financial foundation with WyHy's 15-Month Smart Savers Certificate
You're In Control Certificate
Whether you're an experienced saver or just getting serious about your financial future, WyHy's "You're In Control Share Certificate" empowers you to take charge of your savings with these outstanding features:
- Rate Increase Option: Boost your earning rate once during the term.*
- Low Minimum Deposit: Open your account with as little as $500.
- Flexible Terms: Enjoy a 30-month (2½ year) term.
- SmartPoints Eligible: Earn and redeem SmartPoints.
- Partial Withdrawal: Make a one-time partial withdrawal during the term.*
- Perpetual Benefits: Retain all these perks every time your certificate renews.
Choose WyHy's "You're In Control Certificate" and relax, knowing you've selected the best option for your savings goals and a reliable financial partner.
Open Your Certificate Today
WyHy Federal Credit Union is committed to helping our members achieve financial success. With competitive rates, flexible terms, and the security of NCUA insurance, our certificates are a smart choice for growing your savings.
Certificate Quick Help Guide*
You're In Control Certificate
What does APY mean and what are the features of the You're In Control Share Certificate?
APY (Annual Percentage Yield): Some restrictions and fees may apply.
Features of the You're In Control Share Certificate:
- Rate Increase (Bump) Feature: This can be used once at any time during the term. The increased rate will be the current WyHy 30-month Certificate term rate plus an additional 0.25%.
- SmartPoints: These can be redeemed either when opening the Certificate or at the time of renewal.
- Partial Withdrawal: You are allowed one partial withdrawal during the term, with penalties applied only to the amount withdrawn.
- Automatic Renewal: The Certificate automatically renews at the 30-month term at the current 30-month Certificate rate, continuing to offer the bump and partial withdrawal features.
- Existing Certificates: Existing 30-Month Term Share (or IRA) Certificates will remain in their current product and then renew to the You're In Control Share (or IRA) Certificate.
For complete details, please contact the Credit Union. Your deposits are federally insured by NCUA.
* APY = Annual Percentage Yield. Some restrictions and fees may apply. The rate increase (bump) feature may be used one (1) time at any time during the term of the You're In Control Share Certificate. SmartPoints can be redeemed at the time of opening the Certificate or at the time the Certificate renews. The increased rate (bump) will equate to the current WyHy 30-month Certificate term rate, with an additional 0.25% rate increase. A one (1) time partial withdrawal is allowed during the term of the Certificate with the member only being penalized (feed) on the amount of the partial withdrawal at that time. Certificate automatically renews at the 30-month term at the current 30-month Certificate rate, as well as allowing the member to utilize the rate increase (bump) and partial withdrawal feature over the next 30-month term. Existing 30-Month Term Share (or IRA) Certificates will remain in their current product and then will renew to the You're In Control Share (or IRA) Certificate. Contact the Credit Union for complete details. Federally Insured by NCUA.
Term Share Certificates
What are the penalties for early withdrawal on Term Share Certificates?
Early Withdrawal Penalties:
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For Accounts Opened Before September 1, 2013:
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Terms of 1 Year or Less: Penalty is the lesser of all accrued dividends or 90 days of dividends on the amount withdrawn.
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Terms Greater than 1 Year: Penalty is the lesser of all accrued dividends or 180 days of dividends on the amount withdrawn.
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- For Accounts Opened After September 1, 2013:
- Terms Less Than 1 Year: Penalty is equal to 90 days of dividends.
- Terms Between 1 Year and Less Than 3 Years: Penalty is equal to 180 days of dividends.
- Terms of 3 Years or More: Penalty is equal to 365 days of dividends.
Additional Information:
- Some restrictions and fees may apply.
- Limited time offer, subject to end at the Credit Union’s discretion.
- Rate increase (bump) feature can be used once during the term of the You're In Control Share Certificate.
- Smart Points can be redeemed at the time of opening or renewal.
- Smart points can only be used on terms of 24 months or longer.
- Increased rate (bump) equates to the current WyHy 30-month Certificate term rate plus an additional 0.25%.
- One-time partial withdrawal allowed during the term, with penalties applied only to the withdrawn amount.
- Certificate automatically renews at the 30-month term with the same features.
- Existing 30-Month Term Share (or IRA) Certificates will renew to the You're In Control Share (or IRA) Certificate.
For complete details, contact WyHy. Federally insured by NCUA.
Penalties: We will impose a penalty if a withdrawal is made of any funds prior to the maturity date. On Term Share Certificate Accounts opened before September 1, 2013: If any funds withdrawn before the maturity date, penalty will equal the lesser of all accrued dividends or 90 days dividends calculated on the amount withdrawn for Accounts having a term of one year or less, and the lesser of all accrued dividends or 180 days dividends calculated on the amount withdrawn for Accounts having a term greater than one year. On Term Share Certificate Accounts opened after September 1, 2013: If any funds withdrawn before the maturity date, for Accounts having a term to maturity that is less than 1 year, the penalty will be an amount equal to 90 days dividends. For Accounts having a term to maturity that is equal to or greater than 1 year but less than 3 years, the penalty will be an amount equal to 180 days dividends. For Accounts have a term to maturity that is equal to or greater than 3 years, the penalty will be an amount equal to 365 days of dividends.
* Some restrictions and fees may apply. Limited time offer to end at the Credit Union’s discretion. The rate increase (bump) feature may be used one (1) time at any time during the term of the You're In Control Share Certificate. Smart Points can be redeemed at the time of opening the Certificate or at the time the Certificate renews. The increased rate (bump) will equate to the current WyHy 30-month Certificate term rate, with an additional 0.25% rate increase. A one (1) time partial withdrawal is allowed during the term of the Certificate with the member only being penalized (feed) on the amount of the partial withdrawal at that time. Certificate automatically renews at the 30-month term at the current 30-month Certificate rate, as well as allowing the member to utilize the rate increase (bump) and partial withdrawal feature over the next 30-month term. Existing 30-Month Term Share (or IRA) Certificates will remain in their current product and then will renew to the You're In Control Share (or IRA) Certificate. Contact the Credit Union for complete details. Federally Insured by NCUA.
15 Month Smart Saver Certificates
FAQs for the 15-Month Smart Savers Certificate
1. Who is eligible for the 15-Month Smart Savers Certificate?
- This certificate is designed for youth aged 0–17. Adults can open the certificate on behalf of the youth.
2. What is the opening deposit requirement?
- The minimum balance to open a Smart Savers Certificate is just $10.
3. Does WyHy match the opening deposit?
- Yes, WyHy will match the opening deposit up to $50 for account holders aged 0–17.
4. Can I add additional funds during the term?
- Yes, additional funds can be added at any time during the 15-month term.
5. What happens at the end of the 15-month term?
- The certificate automatically renews at maturity with a 10-day grace period. If the balance has grown to $500 or more, the member can invest in any other certificate product without a penalty.
6. How are the rates determined?
- Rates are based on the dollar amount and term of the investment. The more you deposit, the greater the rate.
7. Are dividends paid on the Smart Savers Certificate?
- Yes, dividends are accrued daily and compounded quarterly. Earned dividends can be credited to the certificate, taken by check, or transferred to another share account quarterly.
9. Is this certificate available for IRAs?
- Yes, the certificate is available to all members, including those with IRAs. However, WyHy will only match the opening deposit up to $50 if the accountholder is between ages 0–17.
10. How can I open a 15-Month Smart Savers Certificate?
- To open a certificate, visit a WyHy branch or contact the Credit Union for assistance.
For more information or to get started, contact WyHy. Secure a bright financial future for the youth in your life with the 15-Month Smart Savers Certificate!\
Penalties: We will impose a penalty if a withdrawal is made of any funds prior to the maturity date. On Term Share Certificate Accounts opened before September 1, 2013: If any funds withdrawn before the maturity date, penalty will equal the lesser of all accrued dividends or 90 days dividends calculated on the amount withdrawn for Accounts having a term of one year or less, and the lesser of all accrued dividends or 180 days dividends calculated on the amount withdrawn for Accounts having a term greater than one year. On Term Share Certificate Accounts opened after September 1, 2013: If any funds withdrawn before the maturity date, for Accounts having a term to maturity that is less than 1 year, the penalty will be an amount equal to 90 days dividends. For Accounts having a term to maturity that is equal to or greater than 1 year but less than 3 years, the penalty will be an amount equal to 180 days dividends. For Accounts have a term to maturity that is equal to or greater than 3 years, the penalty will be an amount equal to 365 days of dividends.
* Some restrictions and fees may apply. Limited time offer to end at the Credit Union’s discretion. The rate increase (bump) feature may be used one (1) time at any time during the term of the You're In Control Share Certificate. SmartPoints can be redeemed at the time of opening the Certificate or at the time the Certificate renews. The increased rate (bump) will equate to the current WyHy 30-month Certificate term rate, with an additional 0.25% rate increase. A one (1) time partial withdrawal is allowed during the term of the Certificate with the member only being penalized (feed) on the amount of the partial withdrawal at that time. Certificate automatically renews at the 30-month term at the current 30-month Certificate rate, as well as allowing the member to utilize the rate increase (bump) and partial withdrawal feature over the next 30-month term. Existing 30-Month Term Share (or IRA) Certificates will remain in their current product and then will renew to the You're In Control Share (or IRA) Certificate. Contact the Credit Union for complete details. Federally Insured by NCUA.
4.65% APY* 8-month Certificate
APY=Annual Percentage Yield. Rates effective as of 10/01/2024 and subject to change at any time without notice. These special promotional rates cannot be combined with any other offers. Compounded quarterly. One 8-month Certificate Special per account/unique SSN. No Smart Points can be used. Certificate rate is fixed upon opening the account. A minimum of $500 required to open the account and earn dividends. Maximum of $250,000. Limit one per account. Offer not available to businesses, public funds, or brokered deposits. Penalties may be imposed for early withdrawal. At maturity the funds roll to a 6-month term certificate. Not available as an IRA. Dividends are paid quarterly and at renewal or maturity.
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* APY = Annual Percentage Yield. Some restrictions and fees may apply. See Certificate Quick Help Guide.