Certificate
Accounts

It only takes a bit of time.

Are you ready to watch your savings grow without the risk?

Call or visit us today for more information.

A Certificate Account is a savings tool that offers you a higher guaranteed rate of return on your money, with the security of knowing that your funds are insured.

The annual percentage yield (APY) is fixed for the term of the deposit. JetStream Federal offers you the flexibility to lock up your funds for short or long terms. Certificates can be automatically renewed upon maturity, for your convenience.

The National Credit Union Administration (NCUA), an agency of the U.S. Government, federally insures your accounts to $250,000.

Enjoy the Advantages of a
Certificate Account

Flexible Term Length

You can choose from a 3-month term to a 60-month term.

Safe savings opportunity

The annual percentage yield (APY) is fixed for the term of the deposit.

Easy Account Access

You will always have easy access to your account through online or mobile banking.

Peace of Mind

Your funds are federally-insured by the National Credit Union Association (NCUA).

Why Choose a Certificate Account

You get the flexibility: open with as little as $500 and select a term at a fixed dividend rate.
It's a way to keep your savings in a safe place so your money can grow.
You'll enjoy a higher rate-of-return compared to traditional savings accounts. Check out our certificate rates here.
Dividends are compounded every month.
Your funds are insured by the National Credit Union Association (NCUA) up to $250,000.
Certificates are automatically renewed upon maturity, or we can automatically transfer the certificate funds to your savings or checking.
The Dividend Withdrawal option lets you transfer dividends earned each month to your savings or checking rather than earning compounded dividends. There is no penalty for dividend withdrawals, but they reduce earnings (because the dividends do not compound). Also, if you opt for dividend withdrawals and close a certificate before it matures, the early withdrawal penalty (normally deducted from earnings) is withdrawn from your principal instead, as earnings have already been paid to you.

Open an Account

Certificate Rates

Certificate Account
Frequently Asked Questions

How do I open an Account?

A Membership savings is required. You can then open any other kind of account after that.

Are joint owners or beneficiaries allowed on certificates?

Yes. You can have both joint owners or beneficiaries on your Certificate. To add a joint owner or beneficiary to your certificate account call us or come by any of our branches.

Is there a penalty if I close my Jetstream Certificate early?

You get to pick from a 3-month to 60-month maturity date when you open your Jetstream Certificate. If you need to take money out before the funds are supposed to mature, you can be charged an early withdrawal fee.

Penalties apply for early withdrawal on all term accounts. We will impose a penalty on early withdrawals on an account of less than 1 year of 30 days of dividend. Accounts with terms of more than one year the penalty we may impose will equal 90 days of dividends.

d. Can I change the type or term of my certificate after it is opened?

You cannot change the type or term of a certificate after it has been opened. Changes to the type or term can only be made at maturity.

Federal Insurance

The National Credit Union Administration (NCUA) is a U.S. government agency that federally insures your savings accounts up to $250,000. Plus, individual retirement accounts are insured separately up to $250,000.

What does this mean for you? This means that the deposits that you make at JetStream Federal are protected by an established U.S. government agency. By putting your trust in our Miami-based credit union, you can rest easy knowing that your money is in good hands.

For more information on how your accounts are federally insured, take a few minutes to review this information provided by the NCUA:

NCUA Consumer Report: Share Insurance Estimator

Regulation D is a federal regulation which places certain limits on the number of transfers or withdrawals members can make from their savings, club, and money market accounts. Click to learn more about Reg. D