LEVEL UP YOUR SAVINGS

Tired of watching interest rates climb while your savings account stays flat?

That's where the FLEX12 Certificate comes in to save the day. The FLEX12 CD offers a smarter way to grow your money. Unlike traditional CDs, the FLEX12 adjusts with the market, so you don't get locked into a low rate when rates go up. By depositing a minimum of $750, you can keep pace with the changing market without putting your initial deposit at risk. All with a 12 month term. And now, you can earn 4.86% APY*!

Earn 4.86% APY*

Discover the attractive rates for the Flex12 Certificate of Deposit.

RATES

Discover the Benefits

  • Adapts to the Market: The Flex12 CD gives you a significant advantage in an environment of rising interest rates.
  • It's Different: The Flex12 CD isn't just another Certificate of Deposit account. Its unique tie to the three-month Treasury Bill plus an additional 0.25% sets it apart.
  • Add Funds at Your Convenience: Enjoy the freedom of adding an extra $2500 or more to your Flex12 CD anytime you like, without the hassle of opening additional accounts.
  • Best of Both Worlds: The Flex12 CD combines the power of market investing with the safety of a certificate account.
  • Competitive Rates: Helps you maximize your earnings potential.

How to Open Your Flex 12 CD

Current Members:

Open a Flex12 CD in Online Banking, at any branch, or by calling (541)-928-4536. Deposit a minimum of $750, and boost your earnings with extra deposits of $2,500 or more during your 12-month term!

OPEN ONLINE

New Members:

To open your CWCU Savings Account visit a branch, or call (541)-928-4536 to open your Flex12 CD. Add extra deposits of $2,500 or more during your 12-month term to earn even more!

START YOUR MEMBERSHIP

Questions About Opening Your Flex12 CD?

Visit a conveniently located branch near you, or call (541)-928-4536. Our friendly employees would love to help!

Frequently Asked Questions

  • The minimum opening deposit for the Flex12 CD is $750.

  • The new Flex12 CD rate will be effective on the first business day of the quarter.

  • Yes, there is an early withdrawal penalty. 

    Early Withdrawal Penalty for Certificates of Deposit: We may impose a penalty if you withdraw any of the principal before the maturity date. Any bonuses paid will be forfeit in the event of early principal withdrawal or account closure. 

    1. Amount of Penalty. The amount of the early withdrawal penalty is a forfeiture of interest equal to one half of the original term of the accounts interest. FEDERALLY INSURED BY NCUA 
    2. How the Penalty Works. The penalty is calculated as a forfeiture of part of the Interest that has been or would be earned on the account. It applies whether or not the interest has been earned. In other words, if the account has not yet earned enough interest or if the interest has already been paid, the penalty will be deducted from the principal. 
    3. Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances.
      1. When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction. 
      2. Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment; or where the account is a Keogh Plan (Keogh) provided that the depositor forfeits an amount of at least equal to the simple interest earned in the amount withdrawn; or where the account is an IRA or Keogh and the owner attains age 70½ or becomes disabled.

  • The APY is determined by adding .25% to the 3-month Treasury Bill auction investment rate.

  • Yes, you can add subsequent deposits of $2500 or more at any time during your 12-month period.

Let’s Do This

Submit the form below and we'll be in touch to assist you in launching your journey with this exciting product.

Disclosures

*APY=Annual Percentage Yield. Above is the variable Dividend Rate and variable APY for Flex Certificate Accounts and IRA Flex Certificate Accounts. The variable Dividend Rate and APY are effective 10/01/2024 through 12/31/2024. The minimum to open a 12-month term Flex Certificate Account or IRA Flex Certificate Account and earn the stated APY is $750. Subsequent deposits can be added at a minimum of $2500 or more per deposit. The APY is determined by adding .25% to the 3-month Treasury Bill auction investment rate on or about the 26th day of the last month of each quarter. The Flex12 CD rate will be effective on the first business day of the next quarter. The dividend rate is subsequently calculated based on the indexed APY. Rate is subject to change after account opening. Fees or other conditions could reduce earnings on the account. Substantial penalty imposed for early withdrawal. All accounts are subject to the applicable terms and conditions set forth in the Truth in Savings Disclosure and Account Agreement, Disclosure and Account Agreement for Certificates and IRA Certificates, the Fee Schedule, and any agreement to which the Truth in Savings Disclosure and Account Agreement references.