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Term Certificates
Term Certificates-the longer you can invest, the more you can earn.
Westmark Term Certificates are a way to maximize your earnings on your savings whenever you can
afford to set aside your money for at least three months. Term Certificates pay higher dividends
than savings programs because you invest your money for a specific period of time. Generally,
the longer you choose to set aside your money, the higher the dividend paid.
All Westmark Term Certificates include the below features:
- Minimum deposit of $500 required.
- All Term Certificates automatically renew.
- 10-day grace period following Certificate maturity date.
- Dividends may be compounded or paid into a share account.
- Dividend rates are tiered for larger deposits.
- No transaction or maintenance fees.
- Each Term Certificate may be federally insured to a maximum of $250,000 by the National Credit Union Administration (NCUA).
- One time withdrawal up to 25% of balance without penalty. Additional withdrawal will be assessed penalty based upon term.
- A one-time additional deposit of up to 25% of the Term Certificate balance is allowed.
Term
90-Days
180-Days
*12-Months
18-Months
24-Months
36-Months
48-Months
60-Months
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Dividends Compounded
At Maturity
At Maturity
Quarterly
Quarterly
Quarterly
Quarterly
Quarterly
Quarterly
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Early Withdrawal Penalty
60 Days Dividends
60 Days Dividends
150 Days Dividends
150 Days Dividends
150 Days Dividends
150 Days Dividends
150 Days Dividends
150 Days Dividends
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*The 12-Month Term Certificate offers an additional feature of a one time rate bump, if rates increase during the term of your certificate.
If you are in our Platinum Plus Checking Account, you are eligible for a bonus of .25% to your Term Certificate Dividend Rate.
Westmark also offers higher yielding IRA Term Certificates. Please see our IRA Brochure for information regarding IRAs and IRA Term Certificates.
See our Interest Rates page for rate information.
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