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Certificates

Retirement. Rainy day fund. Endless possibilities. Build your savings and your future with a high-yield certificate.

Boost Your Savings with a Step Up Certificate

Earn 2.50% APY* for the first six months. Then, at the halfway point, your rate automatically steps up to 5.00% APY* for another six months.

*APY = Annual Percentage Yield. Composite APY is 3.75%. Available 7/1/26 – 9/8/26. Not available for IRA Share Certificates. Minimum deposit is $1,000. The Promotional Step Up Certificate will revert to the non-promotional 12-month term upon maturity. A grace period of 7 days applies.

Earn more with your savings

A certificate allows you to build on your savings — similar to a traditional savings account and a money market account. The key difference is that you can’t withdraw money from a certificate before it matures without penalty, whereas with regular savings or money market savings account, you can withdraw money whenever you need. 

certificate-deposits-19x9

What are the benefits of a certificate?

Higher rates

Because you agree to keep your money in a certificate for a set amount of time, certificates can offer higher dividends on your deposit. The dividend depends on the certificate terms and current market.

Different options to fit your needs

Choose certificate terms and dividends that can help you achieve your financial goals.

Certificates are safe

Certificates are offered through NCUA-insured institutions like Peak. 

Certificate Calculators

Build a smarter savings strategy by comparing certificate rates and exploring laddering options. Use our calculators to see how different terms, APYs, and deposit amounts affect your total earnings—and find the combination that maximizes growth while keeping your money accessible.

Promotional Step-Up Certificate Rates

Rates as of:  07/01/26
Term Share Certificate APY* Composite APY
12-month Months 1–6 2.50% 3.75%
Months 7–12 5.00%
Term:
12-month
Share Certificate:
Months 1–6
Rate / APY:
2.50%
Share Certificate:
Months 7–12
Rate / APY:
5.00%
Composite APY:
3.75%

Promotional Certificate Rates

Rates as of: 07/01/26
Certificate Term
APY*
7 Month
3.35%
13 Month
3.35%
19 Month
3.35%
25 Month
3.35%
Certificate Term
APY*
7 Month
3.35%
13 Month
3.35%
19 Month
3.35%
25 Month
3.35%
Certificate
Certificate Term
APY*
7 Month
3.35%
13 Month
3.35%
19 Month
3.35%
25 Month
3.35%
IRA Certificate
Certificate Term
APY*
7 Month
3.35%
13 Month
3.35%
19 Month
3.35%
25 Month
3.35%

Certificate Rates

Rates as of: 07/01/26
Certificate Term
APY*
3 Month
1.00%
6 Month
3.25%
12 Month
3.15%
12 Month Youth Add-On
3.15%
18 Month
3.10%
24 Month
3.05%
36 Month
3.00%
48 Month
3.00%
60 Month
3.00%
12 Month Save to Win
2.40%
Certificate Term
APY*
3 Month
1.10%
6 Month
3.35%
12 Month
3.25%
12 Month Youth Add-On
3.25%
18 Month
3.20%
24 Month
3.15%
36 Month
3.10%
48 Month
3.10%
60 Month
3.10%
12-month Save to Win
Not applicable
Certificate
Certificate Term
APY*
3 Month
1.00%
6 Month
3.25%
12 Month
3.15%
12 Month Youth Add-On
3.15%
18 Month
3.10%
24 Month
3.05%
36 Month
3.00%
48 Month
3.00%
60 Month
3.00%
12 Month Save to Win
2.40%
IRA Certificates
Certificate Term
APY*
3 Month
1.10%
6 Month
3.35%
12 Month
3.25%
12 Month Youth Add-On
3.25%
18 Month
3.20%
24 Month
3.15%
36 Month
3.10%
48 Month
3.10%
60 Month
3.10%
12-month Save to Win
Not applicable

*APY = Annual Percentage Yield. Rates, terms, and conditions are subject to change. Fees may reduce earnings. The terms applicable to your Share Accounts at Peak are provided in the Membership and Account Agreement. Prime/Regular Savings requires $100 minimum daily balance to earn dividends. Other savings may not require a minimum balance to earn dividends. Minimum balance to open a certificate is $500. An adult must accompany a minor as a joint account owner on any minor accounts. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Dividends are compounded monthly and will be credited monthly. The Annual Percentage Yield on certificates assumes dividends will remain on deposit until maturity. A penalty may be imposed for early withdrawal and will impact earnings on the account. You must be a Peak member to qualify. Upon maturity, your certificate will automatically renew at the current rate if not closed. Save to win: 12-month term only, see Washington or Oregon Official Account and Price Entry Rules for full details. Must be 18 or over. A grace period of 7 days after maturity applies. Business certificates are available for all terms. Youth certificates available for terms 3-60 months with a minimum deposit of $100. IRA Certificates cannot be withdrawn and moved into a non-IRA product without potential penalties from the Internal Revenue Service. Check with your tax advisor for specific IRS rules, advice, and tax deductibility on your IRA. For details, please contact Peak Credit Union at (800) 258-3115. 

Promotional Share Certificates: The 7, 13, 19 and 25-month promotional rate terms will revert to the non-promotional 6, 12, 18 and 24-month terms, respectively, upon maturity. A grace period of 7 days applies. 

Promotional Step‑Up Certificate: Available 7/1/26 – 9/8/26. Not available for IRA Share Certificates. The Promotional Step‑Up Certificate will revert to the non‑promotional 12‑month term upon maturity. A grace period of 7 days applies.

Open a Certificate

Members may open a certificate with Peak online, by visiting your local branch, or calling (800) 258-3115. You’ll need a minimum deposit of $500 to open a certificate, or $25 for a Save To Win certificate. There is no monthly maintenance fee for certificates opened through Peak.

Frequently Asked Questions

What is a certificate of deposit (CD)?

A certificate of deposit, sometimes called a CD or share certificate, is a savings product that typically earns a higher dividend rate than a traditional savings account in exchange for keeping your money deposited for a set period of time.

How does a certificate of deposit work?

When you open a certificate of deposit, you choose a term and deposit your money. Your funds earn a fixed dividend rate during that term, and you can access your money when the certificate reaches maturity.

What is the minimum deposit required to open a certificate?

Minimum opening deposit requirements vary by certificate type. Check current rates and promotions for specific requirements.

Are certificates safe?

Yes. Certificates offered by federally insured credit unions are insured by the National Credit Union Administration (NCUA) up to applicable limits, making them a low-risk savings option.

Can I withdraw money from a certificate before it matures?

You can generally withdraw money before maturity, but an early withdrawal penalty may apply. Certificates are best suited for money you do not expect to need during the term.

What happens when a certificate matures?

When your certificate reaches maturity, you can typically withdraw your funds, transfer the money to another account, or renew into a new certificate term. A grace period may apply after maturity.

Are certificate rates fixed?

Most certificate rates are fixed for the entire term, helping you earn a predictable return. Some promotional certificates like a Step Up certificate may include scheduled rate changes during the term.

Is a certificate better than a savings account?

A certificate may offer a higher dividend rate than a traditional savings account, but it requires you to leave your money on deposit for a set period of time. The best option depends on your savings goals and liquidity needs.

What is a certificate ladder?

A certificate ladder is a savings strategy that divides your money among multiple certificates with different maturity dates. This approach can help you earn competitive rates while providing more regular access to your funds.

Can I open an IRA certificate?

Yes. Peak Credit Union offers IRA certificate options designed to help members save for retirement while earning competitive certificate rates.

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