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Share Certificates (Fixed Rate)

The savings that boosts your return with a highly competitive rate.

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Share Certificate (Fixed Rate) Dividend Rate  APY 
6 Month Term 4.35% 4.50%
8 Month Term 4.59% 4.75%
1 Year Term 2.92% 3.00%
13 Month Term 3.87% 4.00%
18 Month Term 3.64% 3.75%
2 Year Term 2.92% 3.00%
3 Year Term 2.92% 3.00%
4 Year Term 2.58% 2.65%
5 Year Term 2.68% 2.75%

Share Certificate (Fixed Rate) Annual Percentage Yield (APY) effective as of November 8, 2024, and may change without notice. Minimum deposit of $1,000 to open certificate. Primary members under the age of 18 must have a $500 minimum deposit to open certificate. Minimum of $500 balance required to earn dividends. Health Savings account funds are not eligible. Fees may reduce earnings. Penalty for early withdrawal. Elements reserves the right to amend or discontinue offers at any time and to limit the balance of a certificate at any time.

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Share Certificates (Fixed Rate)

For funds you don’t need to access quickly.

KEY FEATURES

  • Similar to a CD at a bank
  • Higher rate than most regular savings accounts
  • Available in amounts of $1,000 or more (as little as $500 if under age 18)
  • Dividend rates that increase with the length of the Certificate term
  • Other terms and rates available from 6 months to 5 years

Buy a Certificate

MIGHT BE A GOOD CHOICE IF

  • You want a more predictable savings balance
  • You want to diversify beyond traditional savings accounts and other investments
  • Trade-off: Must wait to access funds until the Certificate term is up

Compare to Other Savings Options

What is the difference between a Share Certificate and a savings account?

There are two main differences: a Share Certificate can earn higher dividends, but you must wait a specified amount of time to get the money back out. See additional differences below:

Share Certificates (Fixed Rate)

  • Rate doesn't change during the term of the account
  • Accurately estimate your earnings over time with a fixed rate
  • Possibly get higher rates than savings accounts when you select longer terms
  • Choose a term from 6 months to 5 years
  • No fees when you hold your account to maturity, but there can be penalties for early withdrawal
  • No access to your deposit through checks, ATM transactions, or electronic transfers

Savings Accounts

  • Rate can adjust while you hold the account
  • Typically lower rates than Certificates, but your funds are liquid and easily accessible
  • The Elements Helium Savings Account has rates as high as 1.00% APY for balances greater than $2,500
  • Access to your deposits through ATMs and compatible with electronic transfers

Compare to Other Savings OptionsBuy a Certificate

How does a Share Certificate (Fixed Rate) compare to other savings options?

Compare a Share Certificate (Fixed Rate) to our other options below.

  Share Certificates (Fixed Rate) Flex Rate Certificates (Variable Rate) Member Savings High Yield Savings
  Buy a Share Certificate Buy a Flex Rate Certificate Open an Account Open an Account
Key Benefits

Higher rate than most regular savings accounts

Dividend rates that keep pace with a changing rate environment by flexing when the Prime Rate changes, up or down

No monthly Maintenance Service Charge

No monthly Maintenance Service Charge
A Good Option If You

Want a more predictable savings balance

Want to diversify your investments

You want to diversify beyond traditional savings accounts and other investments

Want a simple Savings account to establish your Elements membership

Like to earn higher dividends on your higher balances
APY Varies by term Varies by term 0.20% on balances $50,000 and above1 4.00% on balances $10,000 and greater2
Rate Structure Dividend rates that increase with the length of the Certificate term Dividend rates that adjust with the Prime Rate Tiered dividend rates that increase as your account balance grows Tiered dividend rates that increase as your account balance grows
Minimum Balance to Earn Dividends — — $100 $0.01
No Monthly Maintenance Service Charge
Minimum Balance to Open — — $5 —
Available Terms 6 months to 5 years 12 and 24 months — —
Available Amounts $1,000 or more ($500 or more if under age 18) $1,000 or more ($500 or more if under age 18) — —
No Monthly Inactivity Fee — —
Unlimited Transactions Per Month Allowed — —
  Buy a Share Certificate Buy a Flex Rate Certificate Open an Account Open an Account

How are dividends calculated on a Certificate?

For each account, the dividend period is the account’s term. The dividend period begins on the first day of the term and ends on the maturity date.

What is the penalty for early withdrawal on a Certificate?

The amount of the early withdrawal penalty is based on the term of your account. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account.

For the Flex Rate Certificate, the penalty will be calculated based on the current dividend rate applicable to your Flex Rate Certificate at the time of early withdrawal.

Why should I choose Elements for a Certificate?

Like a Bank, Only Better!

Better Rates. Fewer Fees.

Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates and lower loan rates.

Trusted Advice. Fresh Approach.

We pride ourselves in being a trusted source for financial education. Your financial wellness expert will come to your workplace to answer questions and provide you with one-on-one assistance as you navigate the changes that come with each of life's stages.

Respected Locally. Accessed Globally.

Headquartered in Indianapolis since 1930, we rank among the top 3% of credit unions nationally3. We serve members in all 50 states and 50+ countries. You’ll have access to 5,000+ shared branches nationwide and 78,000+ surcharge-free ATMs globally.

High Tech. Human Touch.

Our technology makes banking with Elements easy. From quick digital applications to online and mobile banking, we’ll be by your side wherever you go. We’re here for you with member service available 24/7 and live chat during the workday.

Get Started

How do I get my Share Certificate?

Getting started is as easy as 1-2-3!

  1. Buy a Share Certificate online - Open a Share Certificate (Fixed Rate) account online in as little as 10 minutes. Or call 1-800-621-2105 to get started. Have your government-issued ID (driver’s license, state ID, or passport) and your Social Security number ready.
  2. Check your email - You will receive an email within one business day to notify you that your Certificate account is approved. That’s it! You now own an Elements Certificate.
  3. Enroll in Online Banking - Easily check your balances, make loan payments, pay bills and transfer money between accounts from your smartphone, tablet, laptop or desktop. Learn more about Online Banking.

Buy a Certificate

I found the certificate rates at Elements and knew I needed to take advantage of them. Best in town!!

- Tanner E. | Member since 2015

How Much Will My Certificate Earn?

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Results do not include potential taxes on dividends.

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  1. 1 Member Savings Annual Percentage Yield (APY) effective as of November 1, 2024, and may change after account opening without notice. 0.10% APY on balances $100.00-$2,499.99; 0.15% APY on balances $2,500.00-$49,999.99; 0.20% APY on balances $50,000.00 and Above. Minimum daily balance of $100 required to earn dividends. $5 required minimum balance to open the account. No monthly Maintenance Service Charge. Fees may reduce earnings. 
  2. 2 High Yield Savings Annual Percentage Yield (APY) accurate as of November 1, 2024. High Yield Savings is a tiered savings account paying a variable dividend rate, that may change at any time, on the entire balance in your account based on the rate for the tier corresponding to each day’s daily balance. The account is available for new money only which are funds not on deposit at Elements for 90 days prior to opening the High Yield Savings account. Existing Elements members with savings accounts must deposit $25,000.00 or more of new money within 10 days of opening the High Yield Savings account. Existing Elements members with savings accounts with combined daily balances of $2,500.00 or less for the 90 days prior to account opening are excluded from the new money requirement. Additional information for each tier: An APY of 0.10% applies to accounts with balances from $0.00 to $99.99; from $100.00 to $2,499.99; and from $2,500.00 to $9,999.99. An APY of 4.00% applies to accounts with balances from $10,000.00 to $24,999.99; from $25,000.00 to $49,999.99; from $50,000.00 to $99,999.99; from $100,000.00 to $249,999.99; and $250,000.00 and above. At least one account holder must be 18 years of age. Other qualifications may apply. Offer may be discontinued at any time. Fees may reduce earnings.
  3. 3 Based on asset size as of 12/31/2022.