Certificates
Red Canoe has many certificate accounts to fit your investing needs with terms ranging from three months to five years. You can open one or several certificates with a minimum deposit of only $500 each. Dividends are paid and compounded monthly, giving you a higher effective yield.
Easy Saver Certificate
In addition to our regular certificates, we also offer the Easy Saver. Unlike a traditional certificate, the Easy Saver offers the ability to make additional deposits to the opening balance. With flexible terms and no limits on the number of deposits (up to $10,000 maximum balance), this unique certificate can make for a great short-term investment.
Flex Certificate*
Enjoy the flexibility of a Red Canoe Flex certificate which allows you a one time bump in rate during the 12 to 17-month term. If rates rise, you can call us to bump your rate to the current annual percentage rate without penalty or changing the terms of your certificate! You will also be allowed a one-time withdrawal and the option of a one-time deposit during the term of your certificate.**
*Members can request a bump in their rate, up to the current Flex Certificate rate, once during the term without penalty.
**Limited to no more than 25% of the current balance with no penalty for early withdrawal. IRS penalties may still apply on IRA certificates. The maximum deposit amount is not to exceed the original certificate balance and/or may not exceed $50,000.
