Safe Investing with Red Canoe

Certificate Accounts

A Safe Investment

If you want to earn a higher return on your money but still want to maintain the safety and security of your funds being federally insured at your credit union, then a Certificate Account might be right for you.

Certificate Accounts are “term” deposits, meaning you agree to keep your money in your Certificate Account for a specific amount of time (term) in exchange for earning a higher return on your deposit than a regular Savings or Money Market account at Red Canoe.


Regular Certificate Accounts

Red Canoe has a variety of Certificate Accounts to meet your investing needs. The minimum balance is only $500 to open a Certificate Account and your dividends will be paid and compounded monthly. Terms range from 3 months to 5 years to provide you with the most flexibility.

Easy Saver Certificate

This unique certificate account lets you add to the balance every month, up to a maximum balance of $10,000, while earning a higher dividend rate than your regular savings. This account is perfect for building your emergency fund, saving extra money grandma gives the kids, or for any savings goal where you don’t need the money right away. Easy Saver Certificates can range in terms from 6-11 months. You set the term when you open your account.

Flex Certificate Account*

If you want more flexibility in your long-term investments, our Flex certificate may be for you. This Certificate allows you a one-time bump in rate during your term. If rates rise, you can contact us to bump your rate up to the current annual percentage rate, without penalty or change in terms. In addition, you’ll have the flexibility to make a one-time withdrawal and/or one time additional deposit during the term of your certificate. Flex Certificates range in term between 12 to 17 months.

*Members can request a bump in their rate, up to the current Flex Certificate rate, once during the term without penalty. One-time withdrawal is limited to no more than 25% of the current balance. 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.