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FAQ's about Certificate Accounts

A Certificate of Deposit (CD) and Certificates are the same type of account. Traditionally, larger banks call them CDs, while credit unions refer to this account as a Certificate. However, both offer a fixed rate for a specific period of time.

Yes! Funds are federally insured up to $250,000 by the National Credit Union Association (NCUA). IRA certificates are insured separately for up to $250,000. Learn more by visiting the NCUA page.

NCUA Information

No, there are no fees associated with a Financial Partners Certificate account. You may incur an early withdrawal penalty if you withdraw money from the account before the maturity date.

An early withdrawal penalty can be assessed if the funds are withdrawn before the maturity date.

Financial Partners Credit Union is a not-for-profit banking service for Californians. Financial Partners is owned by members, not Wall Street, so we're committed to doing what's best for you, rather than the bottom line.

For over 85 years, Financial Partners has prided itself on generally lower fees and higher savings rates than big banks. Find out how Financial Partners can help you meet your financial goals by visiting our Solutions Finder or speaking to a Financial Partners expert to schedule an appointment.

*APY = Annual Percentage Yield. Minimum deposit is $1,000. Maximum deposit is $5,000. Penalty for early withdrawal/early closure. Offer is available to new members only in Los Angeles, Orange, Riverside, or San Diego County; the city of South San Francisco; and the city of Alameda, California. Limit one per new member. Fees could reduce earnings on the account. Rate quoted as of February 23, 2024 and subject to change at any time. Offer is subject to change, be revoked, or end at any time. A new Financial Partners Credit Union membership required.

**APY = Annual Percentage Yield. Rates subject to change at any time. Minimum deposit is $1,000. New money required, source of funds deposited into certificate may not be from an existing Financial Partners Credit Union account. Penalty for early withdrawal closure. Rate quoted as of February 23, 2024. Offer is subject to change, be revoked, or end at any time. Financial Partners Credit Union membership required.