6-Month Certificate
Short-term savings, long-term confidence. Our 6-month certificates at Centris Federal Credit Union offer competitive rates to help you build your savings with certainty.
What Is a 6-Month Certificate?
A 6-month certificate is a savings account where you deposit a fixed sum and earn a set dividend rate for six months. At the end of the six months, you can withdraw your funds or renew for another 6-month term.
Why Choose a Short-Term Certificate?Ā Ā
Boost Your Earnings Quickly
Certificate rates may be able to grow your money more quickly with higher dividend rates, compared to a standard savings account.
Reach Your Short-Term Goals
6-month certificates are perfect for saving up for vacations, down payments, or emergency funds.
Enjoy More Flexibility
Access your funds after the six months rather than wait for longer-term savings options to mature.
Save with Confidence
Certificates offer a guaranteed return on investment, giving you peace of mind when earning money on your savings.
Is a 6-Month Certificate Right for Me?
Our 6-month certificates at Centris Federal Credit Union might be right for you if you have short-term savings goals, prefer a fixed return on your investment, and value the security of insured savings.
If you’ll need access to your funds before the six-month period, or are planning for long-term growth, other savings options may be a better option for you.
Compare Your Certificate Options
We offer two types of 6-month certificates ā standard and jumbo. So whether you’re starting small or saving big, we have the savings option that fits your needs.
Calculate the Dividends You Can Earn
Discover how much your certificate could be worth at the end of six months with our calculator.
6-Month Certificate Frequently Asked Questions
Are 6-month certificates annualized?
Yes, 6-month certificate rates are annualized, meaning the rates you see (usually shown as an Annual Percentage Yield) represent what you’d effectively earn over a full year if the rate stayed the same, even though the term length is only six months. This helps make it easier to compare how much you could earn with different savings options.
How are earnings calculated on a 6-month certificate?
Earnings on a 6-month certificate are calculated based on your principal deposit, the fixed rate, and the compounding frequency, which determines how often dividends are added to your balance. At Centris Federal Credit Union, our 6-month certificates compound daily.
How much does a $10,000 certificate make in 6 months?
How much a $10,000 certificate makes in six months depends on its Annual Percentage Yield, which varies between financial institutions. For example, with an Annual Percentage Yield of 3.75%, a $10,000 certificate would earn approximately $187 over six months, resulting in a total of $10,187 at maturity.
Why are short-term certificate rates higher?
Normally, longer term lengths equal higher rates, but there are times when short-term certificate rates are higher than long-term rates due to market expectations. This economic condition is called an inverted yield curve.
Are there penalties for early withdrawal on a 6-month certificate?
Yes, nearly all certificates have substantial penalties for withdrawing funds before the maturity date.
Additional Savings Account Options
Looking for more ways to save beyond our popular 6-month certificates? Centris Federal Credit Union offers other savings account options to help you reach your financial goals.
Personal Savings & Money Market
Individual Retirement Savings
Kids Savings
Our financial experts will guide you through creating a personalized savings plan tailored to your goals, allowing you to start saving today for a worry-free future.
We’re your partner for making smart investment choices. Whether it’s setting up an Individual Retirement Account (IRA) or assisting with rollovers and transfers, let’s plan for the future together.
Set children on the right financial path by teaching them the importance of saving for the future, and help them open a Rafferty Club account.
Find a Branch Near You
Omaha & Council Bluffs
For expert guidance on your savings options, visit one of our Omaha metro branches, including La Vista and Bellevue.
North Platte
Open your 6-month certificate with experts at our North Platte branch.
Grand Island
Build your savings by visiting our financial team at our Grand Island branch.