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Accelerator Bump-Up Certificate


Our Accelerator Certificate is back and better than ever.
ALEC makes it easier to make your savings work harder. Our 24-Month Accelerator Bump-up Certificate rewards you with an attractive rate today. If rates increase, you can enjoy an even better rate tomorrow!

The 24-Month Accelerator Bump-Up Certificate

Our Accelerator Bump-Up Certificate is available as a regular savings certificate, Traditional IRA certificate, Roth IRA certificate, HSA certificate and Coverdell (Education) IRA certificate. Our Accelerator Bump-Up Certificate features: 

  • just a $500 minimum to open
  • a competitive, fixed rate 
  • flexibility to bump-up your rate once during the 24 month term
  • automatic reinvested dividends for maximum compounding
  • American Share Insurance coverage for up to $250,000 
  • 24/7 account access via online, mobile and telephone banking 

Apply at any ALEC Service Center or by calling 800.762.9988.

With ALEC, you can enjoy higher rates of return - which puts more money in your pocket. Any nobody does that better than we do.

Hurry, offer available only through March 31, 2017.

Click here to view our current rates.


Account Type Minimum to Earn APY* Nominal Rate APY

Accelerator Bump-Up Certificate^

24 months 0.995% 1.00 %

*APY= Annual Percentage Yield. During the term of the Bump Up Certificate, you are permitted to make a one-time request to adjust your dividend rate at your discretion. Your request to adjust your dividend rate is limited to the rate in effect for the current 24 month certificate at the time of your request. When you elect to exercise the bump-up option, the new dividend rate will be paid for the remaining term of your account. A one-time dividend rate will not extend the original maturity date of your account. Dividend rates are not tied to any index. They are established at the discretion of ALEC. ALEC makes no guarantee that you will ever be able to exercise this option since we have no way of predicting future interest rates. $500 minimum balance to open account. Offer valid from December 1, 2016, to March 31, 2017. A penalty may be imposed on an early withdrawal of a certificate outside of the maturity window. Fees could reduce earnings on the account. For full disclosure, please click here.