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3.55% APY* 18-24 Month Special Certificate

Earn More Interest With This Limited Time Offer.

Don’t delay. This incredible 18-24 Month 3.55% APY* Certificate Special Rate won’t last long, so take advantage now.

If you are looking for a great way to earn even more on your money, you’ve come to the right place. Check out our limited-time offer on 18-24 month Special Certificate Accounts. At TEG, we have great rates that help you meet your financial goals faster.

Ask us how to grab this great rate!

Visit a branch or click here to let us help you get started.

Discover the TEG Difference.

TEG is more than a bank – we’re your partner and a resource you can trust for solid financial information. We’re committed to helping every one of our members get to a better place financially. Membership is open to all those who live, work, worship or attend school in the New York Counties of Dutchess, Orange, Rockland, Putnam, Sullivan, Ulster and Westchester.

What is a Certificate Account?

Think of a vault where your deposited money stays safe for a specific period of time but can also earn interest while it’s protected.  With a share certificate account, you can save money for a fixed amount of time, called a term. In return for leaving your money in the account you earn a fixed interest rate—unlike traditional savings accounts, which have variable interest rates that are subject to change.

Low Minimum

Get started with an initial deposit as low as $500. You decided what’s best for you.

NCUA Insured

Your Savings is federally insured to at least $250,000.

No Market Risk

Increase your savings in a secure and predictable way with a fixed interest rate for the term you choose.

Frequently Asked Questions About Certificates

What is the difference between a Certificate of Deposit (CD) and a Share Certificate?

Certificates of deposit are mainly offered by banks whereas Share Certificates (or certificate accounts) are offered by Credit Unions like TEGFCU. Another difference is that while CDs pay interest, share certificates pay the holder dividends. Lastly is the insurance tied to each of these types of savings; a CD from a bank is insured by the Federal Deposit Insurance Company (FDIC) while a Share Certificate from a credit union is insured by the National Credit Union Administration (NCUA).


Is There An Early Withdrawal Penalty For CDs?

We may assess an early withdrawal penalty if you withdraw funds from the principal before the CD maturity date. The penalty is applied to the amount of principal withdrawn. There’s no penalty on interest.


Are TEG Federal Credit Union CDs Insured?

Yes. TEG Federal Credit Union is a member of the NCUA so your deposits with us are insured up to $250,00.


Watch Your Savings Grow Faster at TEG!

*APY = Annual Percentage Yield. Special APY is only for new money not currently on deposit at TEG. Terms and conditions apply, inquire for details. Special APY is available at TEG’s discretion and may be changed or discontinued at any time without advance notice. Other rates and terms available. $500 initial minimum deposit required. APY assumes principal and interest remain on deposit for the term of the certificate. Penalty for early withdrawal and fees may reduce earnings. Automatic renewal to a 24-month term fixed rate certificate at the then current rate. Contact the credit union for details.