Grow your savings with a plan
Choose a certificate term that fits your timeline and earn a competitive return on money you have set aside.
Flexible terms
Choose from six-month, one-year, two-year, three-year, and five-year certificates.
Accessible minimum deposits
Open a certificate of one year or longer with as little as $100. Six-month certificates require a minimum deposit of $1,000.
Competitive terms
Earn a fixed certificate rate for the selected term, subject to the account agreement.
Choose a term that fits your plans
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6 months
6 months
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1 year
1 year
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2 years
2 years
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3 years
3 years
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5 years
5 years
Minimum Deposit
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6 months
$1,000
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1 year
$100
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2 years
$100
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3 years
$100
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5 years
$100
Best if you want
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6 months
A shorter savings commitment
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1 year
A balance between time and earning potential
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2 years
More time for money you do not need right away
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3 years
A longer-term savings strategy
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5 years
To set money aside for a future goal
How Certificates Work
Choose your term
Consider when you expect to need the money and select a certificate term that fits your timeline.
Let your savings grow
Your deposit earns dividends during the certificate term. Certificates of one year or longer generally compound dividends quarterly, while certificates shorter than one year pay dividends at maturity.
Plan for maturity
We will notify you at least 10 days before your certificate matures. Unless you provide different instructions, the certificate automatically renews at the rate available at that time.
Saving for a specific goal?
A certificate may be helpful when you have money that you do not expect to need immediately and want a predictable savings timeline.
Consider using one for:
- A future vehicle or home purchase
- Education expenses
- A planned trip or major event
- Long-term savings
- Money you want to keep separate from everyday spending
Because early withdrawals may result in a penalty, consider keeping emergency savings in a more accessible account.
Frequently Asked Questions
A certificate is a deposit account that holds your money for a selected term while earning dividends. It is commonly called a certificate of deposit, CD, or share certificate.
The minimum deposit is $1,000 for a six-month certificate. One-, two-, three-, and five-year certificates have a $100 minimum deposit.
An early-withdrawal penalty may apply if you take money out before the certificate matures. Some exceptions may be available. Review the account agreement or speak with one of our team members for details.
Certificates of one year or longer generally compound dividends quarterly. Six-month certificate dividends are paid at maturity. Certificate dividends can also be transferred to another credit union account or paid by check monthly or quarterly.
Certificates automatically renew at the prevailing rate unless you give us other instructions. Members receive notice at least 10 days before maturity.
Yes. Heritage South offers Traditional, Roth, and Education IRA share certificates with terms from one to five years. IRA certificate rates are currently the same as regular share-certificate rates. Consider consulting a qualified tax advisor before making retirement-account decisions.
Not finding what you’re looking for? See all FAQs
Find the right term for your savings
Review current certificate rates, then contact Heritage South to choose an option that fits your timeline.
