This insured investment helps grow your savings, earning higher rates for longer investment cycles.
Certificate accounts offer better rates on longer terms. If you don’t need your money right away, you can also earn a higher rate1 when you invest for a longer term.
With a certificate account, you can increase your earnings by reinvesting dividends in the certificate and compounding monthly. Or, you can supplement your income by withdrawing the dividends each month for certificates that mature in one year or more.
Because certificate accounts can be insured up to $250,000, this is a low-risk way to invest your money. This can make certificate accounts a good option for balancing your investment portfolio.
If you're an Alaska USA member, you can easily open a certificate account through online account access—simply follow the steps outlined below. Not a member? Find out how to become a member.
Certificates are designed to hold your money for a set length of time in exchange for a set rate of return. However, there are ways to access the money earlier if you need it:
For certificates with terms of 12 months or more, dividends accrue monthly. You can receive your dividends at the end of each calendar month, or have them automatically reinvested back into your certificate to earn more.
For certificates with terms of less than 12 months, dividends are paid when your certificate matures.
When you open your certificate account, you can decide how you want to receive your dividends when the certificate matures—just specify the account where you want the money deposited or request a check. Or, you can automatically reinvest the money in another certificate. You can also change these options at any time during your certificate term.
Certificate laddering is a savings strategy that distributes your funds across multiple certificates with different rates and terms. This allows you to take advantage of the higher rates that are usually available for longer-term certificates, but it also allows you earlier access to the money that you place in shorter-term certificates.
Yes! Members using online account access may elect to receive eStatements, electronic versions of their statements, instead of paper statements in the mail.
By signing up for eStatements, you are agreeing to receive your statement and important disclosure and regulatory information electronically. Some communications may still be delivered via the mail as required.
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1Rates are subject to change at any time for any reason. Visit our rates page for full details.
2The disclosed Annual Percentage Yield (APY) is the prospective yield that Alaska USA anticipates paying for the applicable dividend period. Once the certificate is issued the APY will remain fixed until maturity. The dividend distribution method you select may affect certificate earnings. There is a penalty for early withdrawal from a certificate or tax-deferred IRA certificate. In the event an early withdrawal lowers the certificate balance below the required minimum, the certificate must be canceled or closed, and the forfeiture amount will be calculated using the full balance of the certificate.
3Minimum deposit required is $500. Maturity periods vary from 30 days to 60 months. Certificates are subject to early withdrawal penalties.
There are no qualification or eligibility criteria for members. For complete account information, refer to the Share Account Disclosure Statement. You will also receive one at the time an account is opened.
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