Get a Certificate that rises to the occasion.

Introducing the Direct Federal Credit Union Rate-Riser Certificate. 

Created for today's unpredictable interest rate market.

CERTIFICATE

CERTIFICATE

%
APY**

%
APY*

AND INCREASES 0.25% EVERY QUARTER. GUARANTEED TO REACH 2.25% APY IN 2023.

AND INCREASES 0.25% EVERY QUARTER.  GUARANTEED TO REACH 1.25% APY IN 2023.

Anyone who ever said there are no guarantees in life has never heard of the Direct Federal Rate Riser Certificate. With today’s rollercoaster stock market, Direct is proud to introduce a safe and secure savings option that starts with an unbeatable rate and then INCREASES 0.25% every quarter! You won’t just get the best rate out of the gate; you will also get a guaranteed better rate every quarter. With two different term options available, you can open a 16-Month Certificate or an 8-Month Certificate. Both terms will provide you with a guaranteed return. 

PUT YOUR STOCK MARKET JITTERS TO BED. DON'T MISS OUT ON THIS LIMITED-TIME OFFERING. OPEN AN ACCOUNT TODAY.

When researching Savings options, you may have come across two similar products offered by Banks and Credit Unions: Certificates of Deposit (CDs) and Certificates. Both CDs and Share Certificates offer short and long-term solutions to saving your money. They have similar terms and are considered to be a safe way to help your money grow over a fixed period of time.

CD VS. CERTIFICATES: SIMILARITIES

• Both offer a solution to making the most of your money
• Both have similar terms
• Both are considered to be safe options for your money

CD VS. CERTIFICATE: DIFFERENCES

CDs and Certificates really only have one distinction between them:

• Certificates are offered by credit unions
• CDs are offered by banks

At Credit Unions, like Direct, you earn dividends on your money. At a bank, you earn interest. However, to make it less confusing for members, Direct uses the two terms interchangeably. In practice, credit unions also use the term Share Certificates.

*Annual Percentage Yield (APY). The APY and dividend rates are effective as of 10/1/2022 and may change at any time without notice. A minimum deposit of $250.00 is required to open and earn APY. The APY for all Share Certificates assumes the dividend will remain in the account until maturity. Withdrawal of dividends prior to maturity will reduce earnings. A penalty will be imposed for the withdrawal of the principal before maturity. 16-Month Share Certificate: the rate will increase by .25% on January 1, 2023, April 1, 2023, and July 1, 2023. During the term of this Share Certificate, the APY will not exceed 2.25%. At maturity, this Share Certificate will renew at the same term but will be at a fixed rate unless you inform us otherwise. The fixed-rate will be the prevailing rate at the time of maturity. Direct may cancel this promotion at any time.

** Annual Percentage Yield (APY). The APY and dividend rates are effective as of 10/1/2022 and may change at any time without notice. A minimum deposit of $250.00 is required to open and earn APY. The APY for all Share Certificates assumes the dividend will remain in the account until maturity. Withdrawal of dividends prior to maturity will reduce earnings. A penalty will be imposed for the withdrawal of the principal before maturity. 8-Month Share Certificate: the rate will increase by .25% on January 1, 2023. During the term of this Share Certificate, the APY will not exceed 1.25%. At maturity, this Share Certificate will renew at the same term but will be at a fixed rate, unless you inform us otherwise. The fixed-rate will be the prevailing rate at the time of maturity. Direct may cancel this promotion at any time.

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Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.

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