CERTIFICATE ACCOUNTS

Grow your own way

Open a Certificate

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You can now open an account with us if you live, work, go to school or worship in 17 counties, from Mobile County, Alabama to Leon County, Florida.

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Open a New Account

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Higher dividends on your hard earned money

Certificates are ideal for those who don’t mind stowing and growing their money… for higher dividends, of course.

What's required?

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Minimum deposit

Requirements vary depending on term.

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Several terms to choose from

Terms range from 90 days to 5 years.

Ready, set, grow!

Give your money the boost it deserves with a PenAir Certificate account. Enjoy competitive rates and watch your funds grow effortlessly. Apply now and start maximizing your savings potential today.

Open a Certificate Account

Ready to join or add an account?

You can now open an account with us if you live, work, go to school or worship in 17 counties, from Mobile County, Alabama to Leon County, Florida.

Ready to join us?

Open a New Account

Currently a member?

Add an Account

Check out our rates

Certificate Account

Term

Dividend Rate

APY*

All annual percentage yields (APY) for share certificate accounts and certificate IRAs are accurate as of February 14, 2024.

*APY= Annual Percentage Yield. Penalties for early withdrawal on term share accounts. Rates on deposit accounts and specified accounts may change after account opening. PenAir reserves the right to discontinue or modify offers at any time. No minimum to open any PenAir checking account. Fees may reduce earnings.

**Not offered for IRAs

Term

90 Days** - Not offered for IRAs

Dividend Rate

3.696%

APY*

3.750%

Term

6 month

Dividend Rate

5.233%

APY*

5.360%

Term

12 month

Dividend Rate

4.506%

APY*

4.600%

Term

15 month Add-On

Dividend Rate

2.521%

APY*

2.550%

Term

18 month

Dividend Rate

2.765%

APY*

2.800%

Term

24 month

Dividend Rate

2.813%

APY*

2.850%

Term

36 month

Dividend Rate

2.862%

APY*

2.900%

Term

48 month

Dividend Rate

 2.911%

APY*

2.950%

Term

60 month

Dividend Rate

3.008%

APY*

3.050%

Term

Dividend Rate

APY*

Need a little more information?

You might find what you’re looking for here.

When a depositor purchases a certificate account, they agree to leave a certain amount of money on deposit at the bank for a certain period of time, such as one year. In exchange, the bank agrees to pay them a predetermined interest rate and guarantees the repayment of their principal at the end of the term.

When a certificate account matures, you get your money back without having to pay any early withdrawal penalties. The certificates term has ended, so there are no financial institution withdrawal restrictions at maturity. You can do what you want with the money, but if you buy another certificate, you won’t get the same interest rate.

Yes. If you open an Add-On Certificate Account. Unlike a traditional certificate, you’re able to add money to an add-on certificate before the certificate matures. If you don’t have a large deposit to make upfront, you can continuously deposit money. This add-on certificate feature could make it useful as part of a long-term savings strategy.

Stow and Grow Your Money

Add an Account
Let's Get Started Online

Ready to join or add an account?

You can now open an account with us if you live, work, go to school or worship in 17 counties, from Mobile County, Alabama to Leon County, Florida.

Ready to join us?

Open a New Account

Currently a member?

Add an Account
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