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Term Certificates

Save More, Earn More

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Overview
Term Options
Rates & Calculator
FAQ

Maximize Your Savings with Term Certificates

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 regular 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.

$500 Minimum Deposit - Start building your savings with a low minimum investment.
Automatic Renewal - All Term Certificates automatically renew at maturity for your convenience.
10-Day Grace Period - Make changes to your Certificate within 10 days of maturity without penalty.
Tiered Rates - Dividend rates are tiered for larger deposits, so you earn more as you save more.
Certificate Laddering - Benefit from longer-term interest rates while maintaining access to portions of your savings with a strategy called Certificate Laddering.
NCUA Insured - Each Term Certificate is federally insured up to $250,000 by the NCUA.
Open a Certificate View Current Rates Calculate Earnings

Choose Your Term Length

Select a term that fits your timeline. Longer terms typically earn higher rates.

90-Day Certificate

Short-term savings with quick access to your funds. Perfect for short-term goals or testing the waters.

  • Dividends paid at maturity
  • 90-day early withdrawal penalty
  • $500 minimum deposit
Open Certificate

12-Month Certificate

A full year of growth with quarterly compounding. Balance short-term access with better rates.

  • Dividends compounded quarterly
  • 180-day early withdrawal penalty
  • $500 minimum deposit
Open Certificate

24-Month Certificate

Two years of steady growth. Great for mid-term savings goals like a vacation or major purchase.

  • Dividends compounded quarterly
  • 180-day early withdrawal penalty
  • $500 minimum deposit
Open Certificate
Flexible

15-Month Liquid Certificate

Earn great rates with added flexibility. One-time withdrawal and one-time rate bump during your term.

  • 1 rate bump & 1 withdrawal (up to 25%)
  • Dividends compounded quarterly
  • $5,000 minimum deposit
Open Liquid Certificate

Term Certificate Rates & Terms

View our current rates and early withdrawal penalties. The longer your term, the more you can earn.

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Certificate Terms & Early Withdrawal Penalties

Compounding schedules and early withdrawal penalties for all Term Certificate options.

Term Dividends Compounded Early Withdrawal Penalty
90-Days At Maturity 90 Days Dividends
180-Days At Maturity 90 Days Dividends
12-Months Quarterly 180 Days Dividends
18-Months Quarterly 180 Days Dividends
24-Months Quarterly 180 Days Dividends
36-Months Quarterly 180 Days Dividends
48-Months Quarterly 180 Days Dividends
60-Months Quarterly 180 Days Dividends
Note: Minimum deposit of $500 required for all Term Certificates. All Term Certificates automatically renew at maturity. A 10-day grace period follows the Certificate maturity date for making changes without penalty. Dividend rates are tiered for larger deposits.

Related Savings Options

IRAs

Retirement savings.

Savings Accounts

Flexible savings.

High-Yield Savings

Earn more online.

Money Market

Higher yields.

Investment Services

Grow your wealth.

Financial Planning

Expert guidance.

Online Banking

Manage accounts.

Current Rates

View all rates.

Frequently Asked Questions

Common questions about Term Certificates at Westmark.

A Term Certificate (also known as a CD or Certificate of Deposit) is a savings account where you deposit money for a fixed period of time in exchange for a higher dividend rate than a regular savings account. Terms range from 90 days to 60 months. Generally, the longer the term, the higher the rate.

All Westmark Term Certificates require a minimum deposit of $500. Dividend rates are tiered, so larger deposits earn higher rates.

All Westmark Term Certificates automatically renew at maturity for the same term at the current rate. You have a 10-day grace period following the maturity date to make changes, withdraw funds, or close the certificate without penalty.

If you withdraw funds before your Certificate matures, an early withdrawal penalty applies. For 90-day and 180-day Certificates, the penalty is 90 days of dividends. For Certificates of 12 months or longer, the penalty is 180 days of dividends.

For short-term Certificates (90-day and 180-day), dividends are compounded and paid at maturity. For longer-term Certificates (12 months and above), dividends are compounded quarterly. You can choose to have dividends paid into a share account or compounded into the Certificate.

Yes! Each Term Certificate may be federally insured to a maximum of $250,000 by the National Credit Union Administration (NCUA). Your money is safe and protected.