Savings Options for Any Milestone
Whatever your savings goals are—down payment on a house, emergency funds, retirement—Cyprus Credit Union offers accounts for every stage of life. Lock in competitive dividend rates on High-Yield Share Certificates and Dream Certificates, as well as the right IRA options for your retirement strategy.
How the Cyprus Certificate Account Works
Certificate Accounts
Secure competitive, high CD rates with flexible terms starting from six months to five years. The longer your term, the higher your earnings!
Dream Certificates
Open a Dream Certificate with as little as $20 and earn the same rates as a traditional certificate. Unlike traditional savings accounts, the Dream Certificate offers high dividend rates with the flexibility to make ongoing contributions, helping you build your savings faster. Plus, these great benefits:
- One-time rate bump- If rates increase during your certificate term, you can receive a new rate increase (upon your request).
- One-time early withdrawal - Withdraw up to 25% of your balance without penalties
- Traditional & Roth IRAs
Save for retirement with IRA options, tax-advantaged retirement savings plans and powerful tools in creating a balanced, long-term retirement savings strategy.
Traditional & Roth IRAs
With a traditional IRA, you can:
- Keep more - Accumulated earnings are tax-deferred
- Save money - Contributions are tax-deductible if you qualify
- Save more - The amount you can contribute is increasing
- Withdraw earlier - Normal withdrawals (without penalty) can begin at age 59½
Roth IRAs—Tax-Free Withdrawals
- Savings grow tax-free
- No required minimum distributions
- Earnings are tax-exempt if withdrawn after age 59½
Best For
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Best for [persona/stage]
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Best for [persona/stage]
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Best for [persona/stage]
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Why grow your savings with Cyprus Credit Union?
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Flexible Terms
Certificates terms range from six months to five years, providing a variety of options to fit your financial needs.
Secure Funds
Funds are federally secured by the NCUA for up to $250,000, ensuring your money remains safe while it grows.
Guaranteed Savings Growth
Our competitive dividend rates ensure you can meet your savings goals, with the flexibility to make ongoing contributions.
Regular & IRA Certificate Rates
| Balance or Term | Dividend Rate | APY as high as | Min. Opening Balance |
|---|---|---|---|
| 6 month | 3.784% | 3.85% | $500 |
| 12 month | 3.832% | 3.9% | $500 |
| 18 month | 3.88% | 3.95% | $500 |
| 24 month | 3.977% | 4.05% | $500 |
| 36 month | 3.928% | 4% | $500 |
| 48 month | 3.928% | 4% | $500 |
| 60 month | 3.928% | 4% | $500 |
Early withdrawal penalties may apply. Share Certificates require an initial deposit of at least $500.
Open your Dream CD with just $20 and add a $10 or more each month while earning regular CD rates. Your deposits will be automatically transferred to your Dream CD every month or every paycheck. $100,000 maximum deposit per individual member on Dream Certificates. Member cannot make additional deposits past $100,000 maximum across all Dream Certificate accounts. Promotional rates are not eligible for bump rate increases.
Provide clear access to disclosures, fee schedule, rates, account terms:
Dream Certificate Rates
| Balance or Term | Dividend Rate | APY as high as | Min. Opening Balance |
|---|---|---|---|
| 6 month | 3.784% | 3.85% | $20 |
| 12 month | 3.832% | 3.9% | $20 |
| 18 month | 3.88% | 3.95% | $20 |
| 24 month | 3.977% | 4.05% | $20 |
| 36 month | 3.928% | 4% | $20 |
| 48 month | 3.928% | 4% | $20 |
| 60 month | 3.928% | 4% | $20 |
Early withdrawal penalties may apply. Share Certificates require an initial deposit of at least $500.
Open your Dream CD with just $20 and add a $10 or more each month while earning regular CD rates. Your deposits will be automatically transferred to your Dream CD every month or every paycheck. $100,000 maximum deposit per individual member on Dream Certificates. Member cannot make additional deposits past $100,000 maximum across all Dream Certificate accounts. Promotional rates are not eligible for bump rate increases.
Provide clear access to disclosures, fee schedule, rates, account terms:
Track Your Savings Goals with Home & Mobile Banking
With Home Banking and the Cyprus CU Mobile Banking app, you can quickly and easily access your accounts 24/7, plus:
- Track payment history
- Analyze cash flow
- Review your budget
- Open new certificate accounts
- And more!
With Home Banking and the Cyprus CU Mobile Banking app, you can quickly and easily access your accounts 24/7, plus:
More Options for Your Savings Goals
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Savings Accounts
From Share Savings to Money Markets, find simple and secure savings solutions with no withdrawal penalties.
Dream Round Up Savings
Available with Dream Rewards Checking, automatically deposit spare change from every debit card transaction into a high-yield savings account.
Cash Back Visa Credit Card
Earn 1.5% cash back on every purchase to get rewarded from your everyday spending.
Link to Product-Related Info/Actions
We're Here to Help
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Certificates and IRAs FAQs
How does a high-yield savings account differ from a regular savings account?
High-yield savings accounts allow you to save even more since we offer higher interest rates than traditional accounts.
Can I access my certificate account funds at any time?
While you can withdraw from your account at any time, early withdrawal penalties may apply to each withdrawal.
How does a Dream Certificate work?
A Dream Certificate is a high-yield savings account that lets you save money at higher interest rates than traditional certificates, so your savings grow faster.
Can I withdraw money from my Dream Certificate before it matures?
A Dream Certificate allows a one-time early withdrawal of up to 25% of your balance without early withdrawal penalties.
What’s the difference between a Roth IRA and a Traditional IRA?
The difference is how they’re taxed; Roth IRAs are taxed upfront, while Traditional IRAs are taxed at retirement.
Can you have a Traditional and Roth IRA at the same time?
Yes! You can contribute to Traditional and Roth IRAs to maximize your retirement savings.
Start Earning Big Savings
Take control of your savings goals with flexible account options from Cyprus Credit Union. Open an account below or visit any of our branch locations to speak with a financial expert to find what works for you!
