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Certificates

With a higher dividend rate than money market or traditional savings accounts, your money will work harder for you with a term share certificate. Please email fedecu@fedins.com, give us a call at 507-455-5430, or stop by one of our offices located in the Owatonna Federated Insurance buildings for personalized service, make a deposit, choose a term, and watch your funds grow.

  • $1,000 minimum deposit
  • Available terms: 3, 6, 12, 24, 36, 48, or 60 months
  • Renews automatically with dividend rate at the time of renewal unless you withdraw your money at the end of the term
  • 10-day grace period to withdraw money at end of term
  • Early withdrawal penalties apply
  • Dividends paid quarterly

Use your term share certificate as collateral for a Share Secured Loan; contact FECU for additional information or questions.

Term Share Certificates

Certificate Term Dividend Rate APY
3 months 3.25% 3.29%
6 months 4.25% 4.32%
12 months 4.00% 4.06%
24 months 3.90% 3.96%
36 months 3.80% 3.86%
48 months 3.80% 3.86%
60 months 3.75% 3.80%
$ave-N-Grow - 9 months 4.13% 4.19%

Dividends are compounded and paid quarterly. Minimum balance to open is $100 for the Kids Club certificate and $1,000 for all others. There is an early withdrawal penalty. There is a 10 day grace period at the end of the term during which you can withdraw your money without penalty.
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Calculators