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20-Month Bump Certificate

Investing Wisely

For the investor who does not foresee the need to use their funds in the short term, long term Certificates are available. These Certificates are a safe way to invest your funds without worrying about the fluctuating economy. And, because our accounts are insured by the NCUA, you know your funds are safe.

Our 20-Month Bump Certificate account, which must be opened with new money only, allows you to "bump" or increase your rate once during the term. This allows you take advantage of rising interest rates without breaking the term of your Certificate and paying a penalty.

Deposit to Open Term Minimum Balance
to earn APY
Rate APY
$1,000.00  20 Months  $1,000.00  1.031% 1 1.050% 2
1

Stated rate applies to the initial 20-month Certificate only. A one-time "bump" is allowable during the initial 20-month term of the Certificate to a 2-year Certificate rate which will affect the yield/rate only. At maturity, this Certificate renews automatically as a 2-Year Certificate at the APY then in effect, without any rate bump feature. Rate is subject to change without notice.

2

APY = Annual Percentage Yield. Assumes funds remain on deposit for a full year. Penalty may apply for early withdrawals from Certificates. Fees could reduce earnings on the account


Print out generated 04/18/14, 2:10:57 PM, from the NEFCU web site at https://www.mynefcu.org/account-detail.cfm.