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Earn more on the money you're already saving when you choose a certificate that's right for you.
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.
Earn a fixed dividend rate for a better rate of return and get the peace of mind that comes from insured security. An ALEC Certificate assures you a fixed Annual Percentage Yield (APY) for a specified period of time.*
ALEC Variable Rate Certificates offer highly competitive rates, currently at 4.90% APY* and vary on a monthly basis with the 13-week U.S. Treasury Bill (Index + 0.15%)**. Variable rate certificates can benefit from rising interest rates, even if there’s a chance that rates could also go down. But compared to traditional savings and money market accounts, ALEC Variable Rate Certificates typically offer a higher rate of return.
| Type | Term | Nominal Rate | APY* |
| Certificates # $500 Minimum Balance |
6 months | 1.243% | 1.25% |
| 12 months | 1.736% | 1.75% | |
| 24 months | 2.227% | 2.25% | |
| 36 months | 2.472% | 2.50% | |
| 48 months | 2.960% | 3.00% | |
| 60 months | 3.445% | 3.50% | |
| Variable Rate Certificate ** $500 Minimum Balance |
24 months | 4.793% | 4.90% |
| Rewards Checking Certificate Bonus Rates + $500 Minimum Balance |
6 months | N/A | |
| 12 months | 1.746% | 1.77% | |
| 24 months | 2.247% | 2.27% | |
| 36 months | 2.501% | 2.53% | |
| 48 months | 2.998% | 3.04% | |
| 60 months | 3.494% | 3.55% |
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