Short-Term Goals, Long-Term Gain!

3-Month Certificate

3.30 %* apy

6-Month Certificate

4.08 %* apy

12-Month Certificate

4.60 %* apy

Higher rates available on certificates with balances above $100,000.

Family of three walking in surf next to a pier.

A certificate is a savings account that generally earns a higher rate of interest than a regular savings account in exchange for your promise to keep the money in the account for a pre-determined period of time. The longer the term, the more interest you are likely to earn.

  • Terms ranging from 3 months up to 5 years

  • Open a certificate with as little as $1,000

  • Interest is compounded daily — earn money on your interest!

  • At maturity, renew your certificate for the interest rate offered at that time, choose a different term, or move your money into another account

  • Your certificate accounts are federally insured by the NCUA

Achieve Your Savings Goals

With competitive rates on even short-term certificates, we can help you get ahead on more of your savings goals and financial plans.

  • Upcoming Expenses — larger plans on the horizon like home renovations, tuition payments, or a new vehicle can be bolstered with a short-term certificate

  • Major Life Events — save for a wedding, quinceañera, or family reunion

  • Vacation Fund — dream of your upcoming adventures while earning interest to finance future memories

  • Future Tax Payments — if you know you will owe on your income or property, earn on your savings while waiting for the tax bill to arrive

Two mature women smiling and hiking with in front of a green, temperate forest

The Advantages of Certificate Laddering

“Certificate laddering" is a strategy that can help you earn higher interest rates without tying up all of your money in one, long-term investment. It is achieved by staggering the maturity dates of a group of certificates and having them reinvest for the same term.

For example, you may open a 6-month, 12-month, and 18-month certificate and have them all reinvest at 18-months.

Certificate Laddering provides two advantages

  1. With one certificate maturing every several months, you will be able to withdraw money more often without a penalty.
  2. If you continue to purchase an 18-month certificate each time one comes due, you will earn a more consistent return on your savings. If rates climb, you can invest your money at the higher rate. If rates decline, only a portion of your money will earn at the lower rate.

Use this calculator to examine how certificate "laddering" can help you earn higher interest rates without tying up all your money in one, long-term investment. To set up a certificate "ladder," enter the total amount you have to invest, divide the amount into two or more certificates with differing terms, and enter the certificate interest rates available for each term.

Please note that rates in this calculator are sample rates and may no reflect current Bay Federal rates. Bay Federal certificate accounts compound interest daily.

*Annual Percentage Yield (APY). APY is effective as of April 1, 2024. $1,000 minimum deposit required to open and maintain Certificate account. APY assumes the dividends are reinvested and remain in the account for the full term. Individual Retirement Account (IRA) Certificates are eligible for this offer. Penalty for early withdrawal. Bay Federal Credit Union membership required. This offer is subject to change without notice. Other terms and conditions may apply. For more information, visit any Bay Federal Credit Union branch or contact us.

Attention: You are leaving the Bay Federal Credit Union website

You will be redirected to a website outside of the Bay Federal Credit Union website and entering a website hosted by another party. The linked website is not operated by Bay Federal Credit Union. Bay Federal Credit Union is not responsible for the content or availability of the linked website. Bay Federal Credit Union does not represent the operator of the linked website, the member, or any other users if the two enter into a transaction. Privacy and Security Policies of the linked website may differ from those of Bay Federal Credit Union.