Savings Certificates–which are similar to CDs (certificates of deposit) at other financial institutions–allow you to save a set amount of money for a specified term. You can pick the term, which can be for any amount of time between 6 months and 5 years. Savings Certificate Rates Product Minimum Opening Deposit Minimum to Earn APY Rate Annual Percentage Yield (APY)* Compounding Frequency 6 month certificate** $500 $500 0.45% 0.45% Quarterly 6 month certificate $5000 $5000 0.45% 0.45% Monthly 6 month certificate $50000 $50000 0.60% 0.60% Monthly 6 month certificate $100000 $100000 0.75% 0.75% Monthly 12 month certificate*** $500 $500 1.00% 1.00% Quarterly 12 month certificate $5000 $5000 1.00% 1.00% Monthly 12 month certificate $50000 $50000 1.15% 1.15% Monthly 12 month certificate $100000 $100000 1.30% 1.30% Monthly 24 Month Certificate $500 $500 1.05% 1.05% Quarterly 24 Month Certificate $5000 $5000 1.05% 1.05% Monthly 24 Month Certificate $50000 $50000 1.20% 1.20% Monthly 24 Month Certificate $100000 $100000 1.35% 1.35% Monthly 36 month certificate $500 $500 1.20% 1.20% Quarterly 36 month certificate $5000 $5000 1.20% 1.20% Monthly 36 month certificate $50000 $50000 1.35% 1.35% Monthly 36 month certificate $100000 $100000 1.49% 1.51% Monthly 48 month certificate $500 $500 1.29% 1.30% Quarterly 48 month certificate $5000 $5000 1.29% 1.30% Monthly 48 month certificate $50000 $50000 1.44% 1.45% Monthly 48 month certificate $100000 $100000 1.59% 1.61% Monthly 60 month certificate $500 $500 1.34% 1.35% Quarterly 60 month certificate $5000 $5000 1.34% 1.35% Monthly 60 month certificate $50000 $50000 1.49% 1.50% Monthly 60 month certificate $100000 $100000 1.64% 1.66% Monthly Savings Certificate Rates Footnotes * A penalty may be imposed for early withdrawals. Fees may reduce earnings on your account. For more information, contact us. **If you desire an add-on feature for certificates of $50,000 or more, to make additional deposits to the certificate during its term, please contact us for rates. ***If you desire an add-on feature for certificates of $50,000 or more, to make additional deposits to the certificate during its term, please contact us for rates. Save for a designated time or event. Open a savings certificate to earn returns on your savings for up to 5 years. Become a credit union member today to get started. Already a member? Visit a branch or call (804) 323-6800 to open an account. Join VACU Savings Resources See More Resources Savings FAQs Frequently asked questions about savings. How much will I need to save for a major purchase? This calculator computes how much money you will need to save monthly in order to reach a desired savings goal. How much could I save over time? Use this calculator to compute the total amount you would be able to save with monthly deposits.
Savings Certificate Rates Product Minimum Opening Deposit Minimum to Earn APY Rate Annual Percentage Yield (APY)* Compounding Frequency 6 month certificate** $500 $500 0.45% 0.45% Quarterly 6 month certificate $5000 $5000 0.45% 0.45% Monthly 6 month certificate $50000 $50000 0.60% 0.60% Monthly 6 month certificate $100000 $100000 0.75% 0.75% Monthly 12 month certificate*** $500 $500 1.00% 1.00% Quarterly 12 month certificate $5000 $5000 1.00% 1.00% Monthly 12 month certificate $50000 $50000 1.15% 1.15% Monthly 12 month certificate $100000 $100000 1.30% 1.30% Monthly 24 Month Certificate $500 $500 1.05% 1.05% Quarterly 24 Month Certificate $5000 $5000 1.05% 1.05% Monthly 24 Month Certificate $50000 $50000 1.20% 1.20% Monthly 24 Month Certificate $100000 $100000 1.35% 1.35% Monthly 36 month certificate $500 $500 1.20% 1.20% Quarterly 36 month certificate $5000 $5000 1.20% 1.20% Monthly 36 month certificate $50000 $50000 1.35% 1.35% Monthly 36 month certificate $100000 $100000 1.49% 1.51% Monthly 48 month certificate $500 $500 1.29% 1.30% Quarterly 48 month certificate $5000 $5000 1.29% 1.30% Monthly 48 month certificate $50000 $50000 1.44% 1.45% Monthly 48 month certificate $100000 $100000 1.59% 1.61% Monthly 60 month certificate $500 $500 1.34% 1.35% Quarterly 60 month certificate $5000 $5000 1.34% 1.35% Monthly 60 month certificate $50000 $50000 1.49% 1.50% Monthly 60 month certificate $100000 $100000 1.64% 1.66% Monthly Savings Certificate Rates Footnotes * A penalty may be imposed for early withdrawals. Fees may reduce earnings on your account. For more information, contact us. **If you desire an add-on feature for certificates of $50,000 or more, to make additional deposits to the certificate during its term, please contact us for rates. ***If you desire an add-on feature for certificates of $50,000 or more, to make additional deposits to the certificate during its term, please contact us for rates.
How much will I need to save for a major purchase? This calculator computes how much money you will need to save monthly in order to reach a desired savings goal.
How much could I save over time? Use this calculator to compute the total amount you would be able to save with monthly deposits.