A woman watches her Flex CD balance grow.

Flex Certificates

Enjoy great Certificate rates with flexible deposits and quarterly withdrawals.

 

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THE FLEXIBLE WAY TO SAVE

Our Flex Certificate only needs a $50 deposit to get you started, allows deposits anytime, and offers withdrawals at the beginning of each quarter. It is a great way to establish regular saving habits. Once your balance grows, you can move your money into a Certificate offering higher rates or explore more ways to achieve your goals.

A happy family builds savings with a Flexible Certificate of Deposit.

 

BENEFITS OF FLEX CDS

A Flexible Certificate of Deposit (CD) offers higher rates than a Savings or Money Market account and greater flexibility than a regular Certificate.

  • The minimum opening deposit is just $50 for a 12-month term.
  • Interest is computed daily and paid monthly.
  • You can make extra deposits anytime.
  • You can withdraw funds in the first three business days of January, April, July, and October.
  • When your term ends, you can withdraw all your funds or reinvest in another Certificate.

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Certificate Rates

Term
APY
Dividend
Minimum
Paid
1 Year Flex
5.00%
4.89%
$50
Monthly

Our Flex Certificate In a Nutshell

A Flexible Certificate of Deposit offers high rates with more liquidity than regular Certificate accounts.

Allows withdrawals the first three business days of each quarter (January/April/July/October).

The maximum limit of a Flex Certificate is $100,000 with a maximum deposit of $10,000 per month.

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A flexible certificate of deposit account concept with a watch and piggy bank.

 

HOW TO OPEN A FLEX CD ACCOUNT

Step

1

Join Wasatch Peaks

Check you meet our membership criteria and open a savings account with a deposit of just $5.

Step

2

Open Your Flex CD

Now you're a member, you need a deposit of just $50 to open your Flex Certificate account.

 

GET STARTED

Step

3

Start Saving!

Make deposits any time you like, earn great rates, and even withdraw funds if you need to.

Always super helpful and nice when I walk in. Amazing customer service.
Jeremiah G., Ogden, Utah

Why Choose Wasatch Peaks Credit Union?

When you open an account with Wasatch Peaks, you become a member of our cooperative and get a say in how we run things.

We're here to serve the people of Weber, Morgan, and Davis Counties, Utah  – not spin a profit for outside shareholders.

We give our revenue back to you through low fees, competitive rates on loans, and generous yields on savings tools like our IRA Certificates. Above all, we care about the members of our community and are proud to support our youth by partnering with local schools, organizations, and events.

JOIN US TODAY

A community thrives together.

 

FLEX CERTIFICATES FAQ

  • How is a Flexible Certificate of Deposit (CD) different from a regular Certificate?

    As the name suggests, Flex CDs let you access your money more easily while still earning high Certificate rates.

    • You can deposit funds anytime (up to $10,000 each time with a total balance of up to $100,000).
    • Regular Certificates do not usually let you deposit any funds after your opening deposit.
    • You can withdraw funds in the first three days of each quarter (January, April, July, October).
    • Regular Certificates do not usually let you withdraw any funds before the end of your CD term unless you pay a penalty.
  • What is a CD term, and what do I do when it ends?

    The CD term is how long you agree to keep your account open and active. With regular CDs, you agree to leave your funds untouched for your chosen term, which can be from three months up to 60 months. Longer terms tend to earn higher rates, but some special terms may also earn higher rates.

    he end of your CD term is known as the maturity date. At that time, you may withdraw all your funds or transfer your money to a checking account to spend however you want. Another great option is to reinvest your Flex CD funds into another Certificate account offering a higher rate.

    You could also place your funds into another type of savings or investment account, like a Money Market account or an IRA.

  • Do I need to join Wasatch Peaks Credit Union to open a Flex CD?

    Yes, you need to join the credit union, and becoming a member is easy! You simply need to meet these criteria:

    • You are an immediate family member of an existing member-owner, such as a parent, child, brother, sister, spouse, or surviving spouse.
    • You live, work, worship or attend school in Weber, Morgan, or Davis Counties in Utah.

OPEN YOUR ACCOUNT OR CONTACT US FOR MORE INFORMATION

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Call: 801-627-8700

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MORE GREAT WAYS TO SAVE AND INVEST

IRA Certificates

An individual retirement account is a great tool to add to your financial strategy. Choose a Certificate term and earn excellent returns!

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Saving Certificates

Choose the certificate term to match your goals and use automatic transfer or payroll deduction to save for your pre-planned expenses quickly.

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Money Market Accounts

Earn higher rates than regular savings with more accessibility than a certificate. Best of all, your rates increase as your balance reaches milestone amounts.

Learn More