DOWN
Bellwether Community Credit Union Go to main content
Login


NEW HAMPSHIRE CERTIFICATES OF DEPOSIT

Open a Certificate of Deposit and save money with ease. If you have funds that you want to put away in savings, place them in a Certificate and you'll make money on interest - simply through the passing of time. A Bellwether Certificate is a reliable investment that will keep your savings secure. Dividends earned can either be added to the certificate balance to compound or deposited into your savings account for immediate access. Bellwether offers a special bonus rate for members of our Loyalty Rewards Checking program.

We also offer Business Certificate Accounts.
 


Certificates
Effective Date: Thursday, November 14th, 2019
TermDividend Rate*Annual Percentage Yield (APY)*Min Balance
3 Month 0.60% 0.60% APY $500.00
6 Month 1.00% 1.00% APY $500.00
12 Month 1.74% 1.75% APY $500.00
24 Month 1.79% 1.80% APY $500.00
36 Month 1.79% 1.80% APY $500.00
48 Month 1.88% 1.90% APY $500.00
60 Month 1.88% 1.90% APY $500.00
*Certificate rates quoted above are for members with Platinum Level Loyalty Rewards Checking, and include a .20% bonus added to the base rate. Members with Gold Level Loyalty Rewards Checking receive a .10% bonus added to the base rate, and Silver Level Loyalty Rewards Checking receives a .05% bonus added to the base rate. To determine the base rate, deduct .20% from the above quoted rates.
The minimum balances listed are required to open and obtain dividends. Early withdrawal will result in a loss of earnings penalty. Each member is federally insured to at least $250,000 by the NCUA, a U.S. Government Agency.
Click Here for Important Information About Share Accounts Including Terms and Conditions, Electronic Transfers, Funds Availability, and Truth in Savings


CHOOSE YOUR RATE WITH OUR CERTIFICATE CALCULATOR

See how much you can earn with a New Hampshire Certificate with our easy-to-use calculator. Choose your rate and the amount of your deposit to estimate your total earnings with Bellwether Community Credit Union. Need in-person assistance? Visit our Manchester, Nashua, or Bedford branches to get started.

CERTIFICATES: FREQUENTLY ASKED QUESTIONS

A Certificate of Deposit is a type of savings account. Unlike a regular savings account, a Certificate sets aside funds for a pre-determined amount of time. The funds are not accessible until the Certificate's maturity date, upon which the funds can be withdrawn.

You can withdraw money from the Certificate before the maturity date, but typically you'll incur an early withdrawal penalty. The amount of the penalty depends upon the length of the Certificate.

You don't have to pay interest on the principal amount, but you do have to pay federal income tax on the interest accrued that year.

Certificates offer higher rates than checking and savings accounts, and so they make for a good investment. Certificates are typically not as profitable as other forms of investment (stock market), but they're much safer.

Certificates are considered one of the safest investments. In fact, the safety of a Certificate is comparable to the safety of cash in a checking account.

A Certificate is a fantastic way to save money and make money at the same time! The investment is safe and you'll earn easy interest with no hassle or worry. A Certificate is especially helpful if you're trying to practice fiscal responsibility. Standard savings accounts may be vulnerable because you're able to transfer funds into a checking account. Because the money in a Certificate cannot be transferred, it's much easier for you to put the amount away for saving.


IRAs (Individual Retirement Accounts)

Benefit from tax advantages when you save money for retirement or for education! Bellwether offers both IRA Certificates and IRA Savings Accounts. Choose between a tax-deferred Traditional IRA or a Roth IRA, which is not tax-deductible, but allows free tax withdrawals at any time. Consult your tax advisor to determine the best product for your individual needs.

Let Bellwether help you meet your savings and retirement planning goals! We offer:

  • A $500 minimum balance to open.
  • Various terms - from 3 months to 5 years.
  • Bonus dividend rates for members in our Loyalty Rewards program.


I Know What a Certificate is, but What's an IRA?

Traditional IRA

With a Traditional IRA, you may invest up to the amount allowed by the US government. Contributions may be partially or fully deductible, depending on your income and whether or not you're participating in an employer-sponsored plan. Withdrawals may not be made without penalty until age 59 1/2, unless they are for higher education expenses or for the purchase of a first home. Earnings are tax deferred until withdrawn. Distributions must occur at age 70 1/2.

Roth IRA

With a Roth IRA, you may contribute up to the amount allowed by the US government. Contributions may be withdrawn tax-free at any time, but are not tax-deductible. Dividend income is subject to taxation, unless it's used to buy a first home (after five years) or after the participant has reached 59 1/2. Contributions from earned income can be made after age 70 1/2 and mandatory distributions are not required. 

Coverdell Education Savings Account (CESA)

A CESA (Educational IRA) allows investments of up to $2,000 per year, per child under the age of 18. Funds may be withdrawn free of tax or IRS penalties when used for higher education purposes. Funds set aside for one child that go unused may be transferred to another child in the family.

IRAs
Effective Date: Thursday, November 14th, 2019
Account TypeDividend Rate*Annual Percentage Yield (APY)*Min Balance
IRA Savings 0.25% 0.25% APY $100.00
3 Month IRA Certificate 0.60% 0.60% APY $500.00
6 Month IRA Certificate 1.00% 1.00% APY $500.00
12 Month IRA Certificate 1.74% 1.75% APY $500.00
24 Month IRA Certificate 1.79% 1.80% APY $500.00
36 Month IRA Certificate 1.79% 1.80% APY $500.00
48 Month IRA Certificate 1.88% 1.90% APY $500.00
60 Month IRA Certificate 1.88% 1.90% APY $500.00
*Certificate rates quoted above are for members with Platinum Level Loyalty Rewards Checking, and include a .20% bonus added to the base rate. Members with Gold Level Loyalty Rewards Checking receive a .10% bonus added to the base rate, and Silver Level Loyalty Rewards Checking receives a .05% bonus added to the base rate. To determine the base rate, deduct .20% from the above quoted rates.
The IRA Savings minimum balance is required to earn dividends. The certificate minimum balances listed are required to open and obtain dividends. Early withdrawal will result in a loss of earnings penalty. Each member is federally insured to at least $250,000 by the NCUA, a U.S. Government Agency.
Click Here for Important Information About Share Accounts Including Terms and Conditions, Electronic Transfers, Funds Availability, and Truth in Savings

Related Blog Posts

*Early withdrawals from IRA certificate accounts will result in loss of earnings penalty except in certain circumstances. Please refer to disclosures for complete details on minimum opening balance and balance required to earn dividends.
Go to main navigation