SONEPCO offers Certificates of Deposit to members who are looking for a competitive, higher rate of return on their savings for a fixed term.  Terms range from 6 months to five years.  At maturity, the member has the option to reinvest or “roll” the funds automatically into another certificate for the same term, withdraw the funds, or have the funds deposited into another credit union account.  Term Certificates are available for either non-retirement or retirement funds.
 
Product Features:

• $1,000 minimum balance required.
• Special feature offered on certificates of $5,000 or greater, one year or longer in duration.
• Bump rate to current rate offered for the duration once during the life of the certificae.
• Special feature offered on certificates of $25,000 or greater.
• Add to amount invested at anytime during the life of the certificate.Bump rate to current rate offered for the duration once during the life of the certificate.
• Minimum term is 6 months and maximum term is 5 years.
• No monthly fee, however, penalties for early withdrawal do apply.
• Account pays dividends monthly.
• Dividends are tiered based on term and investment amount.

Product Benefits:

• Safe.  Funds are safe and secure, federally insured up to $100,000 through NCUSIF insurance and an additional $250,000 with ESI (Excess Share Insurance).
• Smart.  Certificates earn the highest dividends among SONEPCO products.