TERM CERTIFICATES

Maximize your yield with an account that puts your money first.

Why SF Fire Term Certificates?

What exactly is a Term Certificate? It's what banks call a certificate of deposit. We're different than a bank, so we use a different term.

Our Term Certificates generally earn higher dividends than Tiered Savings Accounts, so if you can afford to lock up your money for a little while, this might be the account for you. We'll keep it safe and sound, and, more importantly, make sure it grows.

How to Open and Fund a Term Certificate

Fill out this membership application to join SF Fire and open a Term Certificate with funds from your other financial institution.

By phone: Call (415) 674-4800, option 6, between 7 AM and 8 PM, Monday - Saturday. Stop by a branch Open a term certificate in person when you visit one of our branches. Online: Log in to Online & Mobile Banking and Open An Account, then select Savings/Certificates. If you have multiple membership IDs, choose the ID you want to open the certificate with. Click Open a new Term Certificate, and select the term. Choose the source account and the amount to deposit. Please note, you can only fund directly from your SF Fire Credit Union checking or savings account. To use funds from another bank or credit union: To add and/or use an external transfer account, see the instructions below. Or, wire funds from your external account to your SF Fire checking or savings account.

1. Log into you SF Fire Mobile Banking App
2. Go to Transfers and select Add Account (for Desktop click here)
3. ⁠You can add your account instantly by signing in with your online credentials for your external account

Once your external account has been added you will be able to use it as a transfer source or destination.

• Transfers made before 3 PM on a business day will typically post by the end of the day, but may not be fully available for 2-3 business days.
• Once funds are deposited and available, use Accounts > Open an Account to open and fund a Term Certificate.
• You have a daily limit of $10,000 and a monthly limit of $50,000 for both incoming and outgoing external transfers.

Term Certificate Rates

3 Month

6 Month

10 Month Promotional Offer

Rate applies only to accounts funded with money not currently held at SF Fire Credit Union.

1 Year

18-Month Bump Up 1

2 Year

3 Year

5 Year

Rates effective as of 3/14/2024. Rates are subject to change at any time.

Term Certificates have a required minimum deposit of $250.

*APY= Annual Percentage Yield. The APY is the effective annual rate of return and assumes that the funds will remain in the deposit account for a full 365 days. Interest rate for Term Certificates is fixed for the length of the term.

COMPOUNDING AND CREDITING OF DIVIDENDS
Dividends will be compounded daily and credited monthly and at maturity.

DIVIDEND COMPUTATION
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity. If a penalty is applied, it will be:

If the term of the account is less than one year, you will forfeit an amount equal to all dividends for 45 days on the amount withdrawn.

If the term of the account is one year or more, you will forfeit an amount equal to all dividends for 180 days on the amount withdrawn.

1 If the prevailing dividend rates for new 18-Month Bump Up Term Certificates go up during your 18-Month term, you may contact us once during the 18 months to increase your dividend rate to match that of new term certificates.