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Certificates

Earn more with a certificate that offers a better rate of return. And the security of insured savings. 

Saving money is always a smart idea. Whether it’s cash you may need for a rainy day. Or money you’re planning to use for your retirement. 

An ALEC Certificate assures you a fixed Annual Percentage Yield (APY) for a specified period of time.* ALEC Certificates feature: 

  • Just a $500 minimum opening amount
  • A competitive, fixed interest rate
  • Terms from 6 to 60 months 
  • Daily compounded dividends that are paid monthly 
  • Automatically reinvested dividends for maximum compounding

You can conveniently access information about your certificate 24/7 through ALEC Online Banking, Mobile Banking and Telephone Banking

Solid returns. No risk.

There’s nothing to worry about with an ALEC Certificate. All of our certificates are insured by American Share Insurance (ASI) up to $250,000 per account, making them a safe and secure way to build your savings.

Ready to open certificate?

You can open an account online, by visiting an ALEC Service Center, or by calling 800.762.9988. 

Click here to view our current rates.
Account Type Minimum to Earn APY Nominal Rate APY*
Certificates 6 months 0.299 % 0.30 %

12 months 0.498 % 0.50 %

24 months 0.747 % 0.75 %

36 months 0.995 % 1.00 %

48 months 1.490 % 1.50 %

60 months 1.982 % 2.00 %
Rewards Checking Certificates
Account Type Minimum to Earn APY Nominal Rate APY*
Certificates 6 months
N/A

12 months 0.508 % 0.51 %

24 months 0.767 % 0.77 %

36 months 1.025 % 1.03 %

48 months 1.529 % 1.54 %

60 months 2.031 % 2.05 %

*The Annual Percentage Yield 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. Rates subject to change monthly. $500 minimum balance to open account. A penalty may be imposed on an early withdrawal of a Certificate outside of the maturity window. Rewards Checking Certificate Bonus rates only valid for members with a Rewards Checking Account. New Certificates only. Renewals are excluded. The nominal rate is the rate used to calculate the monthly dividend.


* The Annual Percentage Yield is the rate that is earned if the funds are left to compound for one year. A penalty may be imposed on an early withdrawal, which may reduce earnings.