Share Certificates

Mills42 members are always on good terms.

One really great way to grow your assets with a guaranteed return is through Mills42 Share Certificates*. We have both short- and long-term certificates with a low minimum deposit so you can choose a level of commitment that you’re comfortable with, then grow from here.

The interest you’ll earn depends on the length of time you’re willing to obligate your investment. The longer you pledge that you will not withdraw your money, the better the rate of return. The great thing is, your money will be safe, secure and earning a fixed rate over the period you choose, which is a lot less complicated and less volatile than investing in the stock market.

This is different than a Share Savings account or a Super Saver account in that it is a true investment—you will not be able to withdraw from your Share Certificate account before the maturity date without being charged a penalty. But if you leave your certificate alone until its maturity date, you’ll earn competitive rates, and your money will be safe and secure the whole time.

  • Here are the different terms we offer:
    • 6-11 Months
    • 12-23 Months
    • 24-35 Months
    • 36-47 Months
    • 48-59 Months
    • 60 Months

One way to ensure that you’re receiving the highest rate you can without tying all your money up for several years is to do something called “laddering.” Here’s how it works. Suppose you have $2,500 to invest. You can “ladder” your total asset by breaking it into five equal pieces and investing in one 12-month, one 24-month, one 36-month, one 48-month and one 60-month certificate. This means you’ll have one certificate maturing each year for the next five years. To continue the cycle, you can reinvest each certificate each year to a 60-month certificate and you’ll earn the highest rate, while still having one certificate maturing each year.

If you’d like to learn more about our Share Certificates or the idea of laddering your investment, come in and talk with us. We can show you the numbers and how they work to your best advantage. Otherwise, you can apply online or by calling us.

Not a member yet? We’ll take care of that for you as you’re opening your account or taking out a loan. If you want to get a jump-start, enroll online or just give us a call at 978.328.5100. We’ll be happy to help you build from here.

*The Annual Percentage Yield listed for each term is highest dividend rate available. Highest dividend rates require eStatements and Direct Deposit into any Mills42 deposit account. If you have eStatements and Direct Deposit of your net pay, Social Security, or pension to a Mills42 Deposit Account when you open or renew a Mills42 Certificate, you'll automatically earn the highest published dividend rate for that certificate. Without eStatements and Direct Deposit, our lower standard rate will apply. Rates are subject to change without notice. But once a certificate is issued, the rate will remain in effect for the term of the certificate. Certificates earn dividends from the first business day of deposit through date of withdrawal. Dividends are compounded daily and posted monthly and at maturity date. Dividend penalties may apply for early withdrawals. Refer to the Mills42 FCU Fee Schedule and Certificate Account Disclosure and Agreement. Member eligibility is required.