Special Share Certificates
- Special, limited time offers
- Fixed-dividend rates
- Secure savings strategy
Another way to take aim at your financial goals
It's your money, your plans, your future. When it comes to setting savings strategies, we believe our members should have as many options as possible. At Purdue Federal, we often offer Special Share Certificates that feature different rates or terms than our regular certificates.
This low risk strategy is a great way to boost your savings while keeping your money secure.
Choose between 5-month, 15-month, and 29-month terms for your Share Certificate.
Add as much as 0.60% to your Special Share Certificate rate (depending on your status) through My Member Perks2.d(i)a
Special Share Certificate Terms
| Product / Term1 | Dividend Rate as high as22.b, 2.d(i) | APY as high as22.b, 2.d(i) | Min. Opening Balance | Dividends Compounded |
|---|---|---|---|---|
| 5-month Special | 4.22% | 4.31% | $5,000 | Daily |
| 15-month Special | 3.74% | 3.81% | $5,000 | Daily |
| 29-month Special | 3.70% | 3.77% | $5,000 | Daily |
Figure out exactly how much money you'll make
Become a Member
Unlike other financial institutions, credit unions are not-for-profit, membership-based organizations. The good news is that joining is easy. If you're connected to Purdue University, La Porte County, Indiana, or one of our Select Employee Groups, you're likely eligible.
See Membership EligibilityFAQs
My Member Perks is a program that continuously rewards you for your trust and loyalty to Purdue Federal Credit Union. Your entire relationship with the credit union qualifies you for a Bronze, Silver, Gold or Diamond Status based off the products and services you use. Each status offers a variety of perks designed for members at all stages of life. Perks include free checking, a monthly cash giveback, money saved on loan rates and more!
There are so many ways to boost your points!2.a(i) Here are a few tips:
- 5 points – Use Purdue Federal Digital Banking.
- 5 points – Set up a direct deposit.
- 4 points – Become a member of Investment Services.
- 3 points – Sign up to receive paperless statements.
- 2 points – Make a shared branch transaction.
- 1 point – Use Purdue Federal's Pay a Bill feature in digital banking.
Visit our How to Earn Points page for full details.
- Start by applying online, in the branch or by calling the Contact Center.
- Qualify for membership through one of our Select Employee Groups (SEGs) or if you
live, work, study or worship in LaPorte County, Indiana. - Open a savings account and deposit your $5 membership share deposit to purchase your share of the credit union.
APY (Annual Percentage Yield) reflects the total amount of interest earned on an account over a year, factoring in compounding interest. Meanwhile, a dividend rate is the percentage of interest paid to investors on their investments, typically in savings accounts or dividends from stocks.
A share certificate is a promise that you'll leave a certain amount of money in an account for a specified amount of time. In exchange for not accessing the money during that period, the bank or credit union will offer high interest rates on the deposited amount. See more information.
Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.
Helpful Resources
2.d(i)a Share Certificate rate bonus for Silver Status members earn a .10 percent bonus on share certificate terms less than two years, or a .20 percent bonus on share certificate terms two years or more; Gold Status members earn .20 percent bonus on terms less than two years, or .40 percent bonus on terms two years or more; and Diamond Status members earn .30 percent bonus on terms less than two years, or .60 percent bonus on terms two years or more. Rate Perk is based on My Member Perk status prior to opening a new Share Certificate. The new certificate will not count toward the members My Member Perks status used to determine Rate Perk for the new or renewed Share Certificate. Rate Perk valid on new or renewed Share Certificates. Member's accounts must be in good standing and enrolled in paperless statements in order to earn and receive Rate Perk.
22.b APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account, based on the dividend rate and frequency of compounding for an annual period. Share certificates offer a fixed rate that assumes the initial deposit remains in the account until maturity. For all Term Certificates and IRA Certificates, except Savers Certificates, the dividend rate and APY are fixed and will be in effect for the initial term of the account. Savers Certificate rates are variable and can change at any time without prior notice after the account is opened. Special Share Certificates are available for a limited time. Early withdrawal penalty applies, fees may reduce earnings. For full details refer to the Rate Sheet Truth-in-Savings Act Disclosure.
2.a(i) Points earned are subject to qualification. Qualifying standards are set internally, are confidential and are designed to be flexible in order to protect the security and integrity of the My Member Perks Program. If you have questions about your My Member Perks status, please contact us.