Share Certificates

Mills42 members are always on good terms.

Build your savings with confidence.

Don’t risk your hard-earned savings in a volatile stock market or allow it to make way less interest in a savings account. For a limited time, we’re offering an aggressive 6-Month Share Certificate Special. And your money will be doubly insured by the NCUA and the MSIC to the full amount you have on deposit.

6-Month Certificate | 5.15% APY*

Open your certificate today

One risk-free, guaranteed way to grow your savings is through Mills42 Share Certificates**. We have many different terms available—all of them can be opened with a minimum of just $500. So, choose the level or levels of commitment you’re comfortable with, then grow from here.

The interest you’ll earn depends on the term you choose. The great thing is, your money will be safe, secure and earning a fixed rate of interest, which is a lot less complicated and less risky than investing in the stock market. And if you do need to access the money you have in one of our Share Certificates, you’ll only forfeit the interest you’ve earned to that point—no penalties or fees.

  • In addition to our current 6-Month Certificate Special, we also offer these terms:
    • 6 Months
    • 12 Months
    • 24 Months
    • 36 Months
    • 48 Months
    • 60 Months

One smart way to ensure you’re receiving the highest rates 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 $5,000 to invest. You can "ladder" this amount by breaking it into five equal pieces and investing in one 6-month, one 25-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 savings, 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.

*Minimum balance of $500 is required to open account and earn dividends.

**APY Is The Annual Percentage Yield. The Annual Percentage Yield is the highest dividend rate available. Highest dividend rates require eStatements. If you have eStatements when you open or renew a Mills42 Certificate, you'll automatically earn the highest published dividend rate for that certificate. Without eStatements, our lower standard rate will apply, inquire within for other rates. Rates are subject to change without notice. Once a certificate is issued, the rate will remain in effect for the term of the certificate. 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.