Certificates are specific amounts of money invested for a specified amount of time. Lion's Share offers various rates and terms to suit your investment needs.
The minimum balance to open a certificate is $500.00. Dividends are paid quarterly and are based on the certificates average daily balance for that three-month period. Dividends can be added to the certificate or paid into a separate share account if you prefer.
Certificates are automatically renewed unless you let us know you in advance. A notice of renewal reminder is sent out approximately one month prior to the renewal date. Once a certificate is opened, additional deposits are allowed only during the renewal process. Withdrawals can be made to share certificates during the renewal period without penalty.
Should you need to close a share certificate prior to the end of term, an early withdrawal penalty will be charged. Share certificate early withdrawal penalties are:
- 12 month Share Certificate = 90 Days of Dividends
- 24 month Share Certificate = 90 Days of Dividends
- Mini-Jumbo Share Certificate = 90 Months of Dividends
- Save to Win Share Certificate = 1st W/D = $25 Penalty
2nd W/D = Account Closure
Share Certificates
Rates Effective November 08, 2024| Certificates Available | Dividend Rate | APY | Term |
|---|---|---|---|
| 6 Month Share Certificate $500 Minimum Balance Required, | 4.25 | 4.32 | 6 Months |
| 12 Month Add-On Certificate.You can add money to this certificate as often as you would like. Contact Us if you want funds transferred or Payroll Deduction set up to go into this Certificate. | 4.05 | 4.11 | 12 Months |
| 18 Month Share Certificate $500 Minimum Balance Required, | 4.00 | 4.06 | 18 Months |
| 24 Month BUMP-UP* Share Certificate Rate can be Bumped Up 1 time during the term of 24 months. Contact Us if you see this rate change & want to bump your rate up to the new rate on this Certificate. | 3.90 | 3.96 | 24 Months |
| 36 Month Share Certificate $500 Minimum Balance Required, | 3.70 | 3.76 | 36 Months |
| 48 Month Share Certificate $500 Minimum Balance Required, | 3.25 | 3.29 | 48 Months |
| Mini Jumbo Share Certificate $10,000 Minimum Balance Required, | 3.45 | 3.50 | 60 Months |
| Save to Win Share Certificate $25 Minimum Balance Required, | 3.00 | 3.03 | 12 Months |
| All Certificates require a minimum $500 minimum balance unless otherwise stated. APY = Annual Percentage Yield All Dividends Paid Quarterly. Early withdrawals & associated penalties may affect your dividend earnings. |
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