Skip navigation and go to page content
It's always wise to save money for an emergency or future plans and with an ALEC certificate of deposit, you can put that money to work. But if you're keeping a high balance in a savings account, you may earn a better rate of return with an ALEC Certificate.
Earn a fixed dividend rate for a better rate of return and get the peace of mind that comes from insured security. An ALEC Certificate assures you a fixed Annual Percentage Yield (APY) for a specified period of time.*
ALEC Variable Rate Certificates offer highly competitive rates, currently at variable-rate-certificate APY* and vary on a monthly basis with the 13-week U.S. Treasury Bill (Index + 0.15%)**. Variable rate certificates can benefit from rising interest rates, even if there’s a chance that rates could also go down. But compared to traditional savings and money market accounts, ALEC Variable Rate Certificates typically offer a higher rate of return.
$500 Minimum Balance
| Terms | 6 months |
| Rewards Rate+ | N/A |
| Rewards APY* | N/A |
| Fixed Rate | 0.995% |
| Fixed APY* | 1.00% |
| Variable Rate** | N/A |
| Variable APY* | N/A |
| Terms | 12 months |
| Rewards Rate+ | 1.500% |
| Rewards APY* | 1.50% |
| Fixed Rate | 1.490% |
| Fixed APY* | 1.50% |
| Variable Rate** | N/A |
| Variable APY* | N/A |
| Terms | 24 months |
| Rewards Rate+ | 1.756% |
| Rewards APY* | 1.77% |
| Fixed Rate | 1.736% |
| Fixed APY* | 1.75% |
| Variable Rate** | 3.368% |
| Variable APY* | 3.42% |
| Terms | 36 Months |
| Rewards Rate+ | 3.928% |
| Rewards APY* | 4.00% |
| Fixed Rate | 3.928% |
| Fixed APY* | 4.00% |
| Variable Rate** | N/A |
| Variable APY* | N/A |
| Terms | 48 Months |
| Rewards Rate+ | 2.266% |
| Rewards APY* | 2.29% |
| Fixed Rate | 2.227% |
| Fixed APY* | 2.25% |
| Variable Rate** | N/A |
| Variable APY* | N/A |
| Terms | 60 Months |
| Rewards Rate+ | 2.521% |
| Rewards APY* | 2.55% |
| Fixed Rate | 2.472% |
| Fixed APY* | 2.50% |
| Variable Rate** | N/A |
| Variable APY* | N/A |
A penalty may be imposed on an early withdrawal of a Share Certificate. View our fee schedule.
The Annual Percentage Yield is the rate that is earned if the funds are left to compound for one year. All dividends are paid monthly based on the daily average balance. Rates subject to change monthly. The nominal rate is the rate used to calculate the monthly dividend.
The "Index" is the 13-week Treasury Bill rate posted in the Money rates section of the Wall Street Journal on the last business day of the previous month. As of September 30, 2022, the rate is 3.27%. The rate floor is 0% APY.
Rewards Checking account holders can receive up to 0.05% bonus on certificate terms 12 to 60 months. New accounts only. Not valid on renewals. Not valid on HSA, IRA, or Variable Rate Certificates.
We are here to help! Contact us if you need assistance.