It's always wise to save money for an emergency or future plans and with an ALEC certificate of deposit, you can put that money to work.
But if you're keeping a high balance in a savings account, you may earn a better rate of return with an ALEC Certificate.
Open the account as a savings certificate or IRA. And you can withdraw money penalty-free every six months during a 10-day window**.
Our Accelerator Certificate keeps rewarding you:
- 1st 6 months – 0.50% APY*
- 2nd 6 months – 0.60% APY*
- 3rd 6 months – 0.70% APY*
- 4th 6 months – 2.00% APY*
- Blended 0.95% APY*
The ALEC Accelerator Certificate is available for a limited time through March 31, 2022. For more information, visit Accelerator.
* APY = Annual Percentage Yield. The blended APY is 0.95%.
** The penalty for withdrawals outside the three window periods is a forfeiture of 180 days’ dividend on the withdrawn amount.