Term Share Accounts offer you a guaranteed yield with flexible terms
where you pick from a selection of maturities, and typically earn
a higher yield for locking up your money for longer terms. They are
ideal for people who don't need the use of their funds for a set period
of time and who want to maximize the return on their investment.
On top of already competitive yields, Shell New Orleans FCU offers
many ways to further increase the yields you earn on share certificates
as follows:- Member Select participants earn a +.25% rate bonus over the
normal rate for the term chosen.
- Mini-jumbo Term Share Accounts with a balance over $50,000 earn
a rate bonus of +.05% over the member select rate for the term chosen
- Jumbo Term Share Accounts with a balance of $100,000 and greater
earn a .10% rate bonus over the member select rate for the term chosen
There are many other features that we have built into our Term
Share Accounts program to ensure that there is something for everyone,
such as....
Low Minimum Balance... we require only $500 to
open a Term Share Account to help those who are just starting to
save get a head start
Flexible Terms... available for 6, 12 and 18 months,
and 2, 3 and 5 years.
Avoid Withdrawal Penalties... if you need access
to the funds prior to maturity, you can make a Pledged Share Loan
for only 2% above the Term Share Account rate, avoiding the early
withdrawal penalty.
Flexible Dividend Structure... you choose whether
you want dividends to roll into the Term Share Account balance,
to transfer to a savings or checking account, or to be mailed to
you in a check each period.
Setting up a Term Share Certificate Account is easier than ever
with our new Open a Term Share
Account Online feature in Online
Home Banking. Simply log on and select the Other Services
menu, then select Open a Certificate Account. Then
all you have to do is specify a term and amount, and submit your
request to the credit union.
If you would like assistance with opening a Term Share Account or
have questions about the product, you can chat
live with an Online Service Representative, or call a Member
Service Representative at (504) 728-4853, or toll-free (866) FOR-MY-CU
(367-6928).
This credit
union is federally insured by the National Credit Union Administration.
Members are insured by the NCUA to the maximum of $100,000.00 each.
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