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Share Certificates

A Share Certificate is a savings option that provides maximum return on your deposit. When you want higher dividends and can deposit your funds for a fixed length of time, a Fort Lee Federal Credit Union Share Certificate may be the answer.

Terms

Fort Lee FCU offers certificates for 6, 12, 36, and 60 month terms. Rates and terms vary, so check with the credit union for current information.

Balance Requirements

A Share Certificate requires a $2,500.00 minimum balance to open.

Early Withdrawals

We may impose a penalty if you withdraw any of the principal before the maturity date. For Share Certificate accounts, the amount of early withdrawal penalty for your accounts is 180 days dividends. Share Certificate rates are subject to change weekly. For Certificate accounts, the amount of the early withdrawal penalty for your accounts is 180 days of dividends. 

How the Penalty Works

The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal.

Exceptions to Early Withdrawal Penalties

At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: when an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.

Truth in Savings Share Certificate Information

VIEW ALL RATES

◊ APY = Annual Percentage Yield

∆  A Share Certificate requires a minimum balance of $2,500.00 to open. We may impose a penalty if you withdraw any of the principal before the maturity date. For Share Certificate accounts, the amount of early withdrawal penalty for your accounts is 180 days of dividends. Share Certificate rates are subject to change weekly. Early Withdrawal Penalty. We may impose a penalty if you withdraw any of the principal before the maturity date. Amount of Penalty. For Certificate accounts, the amount of the early withdrawal penalty for your accounts is 180 days of dividends. How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal. Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction. For additional information, please read the Truth in Savings Share Certificate Disclosure.

Membership required to open any deposit account. Non-refundable joining fee of $1 plus $25 savings (share draft) deposit refundable at account closing. Fees could reduce the earnings of the account. See Fee Schedule for details.