Share Certificates - CDs | Homebase Credit Union

Share Certificate Benefits

✔ Competitive Returns: Take advantage of exclusive rates that help your money grow faster over time.

✔ Flexible Terms: Tailor the certificate duration to match your unique financial goals.

✔ Compounding Dividends: The more you save, the more you earn. Interest accumulating on itself can snowball savings exponentially.

✔ Tax Advantages: Certain certificates might provide tax perks—discuss options with your financial advisor.

Additional Details

A Share Certificate is a savings option that maximizes your returns. It’s ideal for when you want to earn more interest and can keep your money deposited for a set period.

We offer certificates for 6, 12, 18, 24, 36, and 60-month terms.
$2,500.00 minimum balance required to open.
Early withdrawal penalties apply.
The longer the term, the higher the dividend and APY rates.

Check Out Our Great Rates

Investing in a credit union certificate could earn you higher interest than regular deposit accounts. Our rates are highly competitive—allowing your money to grow rapidly. View the table below for our latest—and greatest— Annual Percentage Yields (APYs).

Share Certificate / IRA Certificate

Rates effective as of 3/27/2025

Term	Dividend Rates⁶	APY¹
6 Month	2.50%	2.52%
12 Month	3.95%	4.01%
18 Month	3.70%	3.75%
24 month	3.70%	3.75%
36 Month	3.70%	3.75%
60 Month	3.55%	3.59%

¹ APY = Annual Percentage Yield. Fees could reduce the earnings of the account.

⁶ A Share Certificate requires a minimum balance of $2,500.00 to open. Share Certificate rates are subject to change weekly. Early Withdrawal Penalty. We may impose a penalty if you withdraw any of the principal before the maturity date. Amount of Penalty. The amount of the early withdrawal penalty for Share Certificate accounts is 180 days of dividends. How the Penalty Works. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal. 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: When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction. For additional information, please read the Truth in Savings Share Certificate Disclosure.

Membership required to open any deposit account. Non-refundable joining fee of $1 plus $25 savings (share draft) deposit refundable at account closing. Fees could reduce the earnings of the account. See Fee Schedule for details.

It’s as easy as 1-2-3 to get set up!

Step 1

Contact Us

Click the link below or stop by a branch to get started.

Step 2

Fund Your Certificate

Deposit at least $2,500 into your new share certificate account.

Step 3

Watch Your Money Grow!

Sit back, relax, and watch as compound interest works its magic!

★★★★★

Well-informed people to help you with banking /or Loans/and savings!! People-oriented and friendly and close to tri cities!!

Alfred F., -Prince George, VA

Share Certificates FAQs

What are the available term lengths for savings certificates?

A savings certificate allows you to invest your money with compounded interest for 6, 12, 18, 24, 36, or 60-month terms.

Is my money federally insured in a share certificate?

Yes, share certificates come with National Credit Union Administration (NCUA) insurance protection up to $250,000 per account. The NCUA is part of the federal government and is similar to the FDIC for big banks.

What happens when my share certificate matures?

You can withdraw your money or roll it into a new certificate at the current rates.

How do share certificate returns compare to other options?

Certificates can offer higher interest earnings than regular savings accounts at Homebase Credit Union.

Can I withdraw money from my certificate early if needed?

You can withdraw your money before the mature date by paying an early withdrawal fee. However, remember that share certificates work best as long-term investments because of their higher interest rates.

See Your Potential Earnings

Our easy-to-use calculator makes it simple to estimate the future growth of your savings. Just plug in a few key details and it will generate a custom forecast illustrating how your money can work for you over time. The interactive 10-year chart shows your total balance growth every year for ten years.

Savings Growth Calculator

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

*indicates required.

Savings inputs:

Starting amount:*This entry is required.Enter an amount between $0 and $2,000,000,000

Years to save:*This entry is required.Enter an amount between 0 and 100

Months:

Rate of return:*This entry is required.Enter an amount between 0% and 20%

Additional contributions:*This entry is required.Enter an amount between $0 and $10,000,000

Frequency:*This entry is required.

Interest:*This entry is required.

Balance by Year Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Balance by Year

Definitions

Starting amount

The starting balance or current amount you have invested or saved.

Years to save

The total number years you are planning to save or invest.

Rate of return

The annual rate of return for this investment or savings account. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending December 31^st 2024, had an annual compounded rate of return of 14.9%, including reinvestment of dividends. From January 1, 1970 to December 31^st 2024, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 11.2% (source: www.spglobal.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution pay less but carry significantly lower risk of loss of principal balances.

It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that investment funds and/or investment companies may charge.

Interest compounding

Earnings on an investment's earnings, plus previous interest. This calculator allows you to choose the frequency that your investment's interest or income is added to your account. The more frequently this occurs, the sooner your accumulated earnings will generate additional earnings. For stock and mutual fund investments, you should usually choose 'Annual'. For savings accounts and CDs, all of the options are valid, although you will need to check with your financial institution to find out how often interest is being compounded on your particular investment.

Additional contributions

The amount that you plan on adding to your savings or investment each period. This calculator assumes that you make your contributions at the beginning of each period.

Frequency of contributions

How often you make contributions to your account. The options include weekly, bi-weekly, monthly, quarterly and annually. This calculator assumes that you make your contributions at the beginning of each period.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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