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Accelerator Certificate

Accelerator Certificate


Enjoy higher rates every six months.

Your savings can earn more money for the next 24 months - guaranteed.

 
Rates increase every six months. Our Accelerator Certificate steps up to the next guaranteed higher rate to earn:
 
  • 1.00% APY - 1st 6 months
  • 2.00% APY - 2nd 6 months
  • 3.00% APY - 3rd 6 months
  • 6.00% APY - 4th 6 months
  • Blended 3.00% APY*
The ALEC Accelerator Certificate features:
 
  • Just $500 minimum to open
  • Ability to withdraw funds penalty-free at each step-up interval, within a 10-day window**
  • Availability as a regular savings certificate, or Traditional, ROTH or Coverdell (Education) IRA
Members look forward to our ALEC Accelerator Certificate each year. But hurry! the ALEC Accelerator Certificate is available for a limited time from December 1, 2018 through March 30, 2019.
 
To apply, visit any ALEC Service Center or call 800.762.9988. Hurry to start accelerating your savings. 
 
 
*The Annual Percentage Yield (APY) is the rate that is earned if the funds are left to compound for one year. All dividends are paid monthly based on the daily average balance.
**Members have the ability to withdraw funds penalty-free at each step-up interval, within a 10-day window penalty. The penalty for early withdrawal outside the three periods will equal forfeiture of 180 days dividend on the withdrawn amount.