Student Loans
Great Lakes Credit Union has everything you need to help manage your money and plan for the future.
Business Share Certificates
Earn a competitive deposit rate with GLCU’s business certificates.
We’ve been helping our members achieve their goals since 1938. Open a GLCU business share certificate and earn high returns without the risks of the market.
What Is a Share Certificate?
A share certificate is a specialized type of savings account offered by credit unions. It allows the account holder to earn a higher interest rate or dividend compared to regular savings accounts. However, account holder must agree to not withdraw the deposited funds for a certain period of time. If the holder withdraws the money earlier than the agreed-upon period, they might be subjected to a penalty.
Features:
- Terms up to 5 years
- Fixed rate of return
- Federally insured up to $250,000 by the NCUA
Your Local Banking Partner for Over 85 Years
As a GLCU member, you’re banking for a greater good and supporting the financial empowerment of your community.
- We believe in people helping people. GLCU invests in its members and communities through charitable efforts, scholarships, and more.
- We work for our members. As a not-for-profit credit union, we give back to you through reduced fees, better interest rates, and higher returns.
- We’re here for every step of your financial journey. We’re dedicated to promoting financial well-being for everyone through educational events, financial counseling, and our easy-to-use products and services.
Effective Date: Wednesday, April 30, 2025
| ACCOUNT TYPE | MINIMIUM DEPOSIT | DIVIDEND RATE | APY | HOW TO OPEN |
|---|---|---|---|---|
| Business 3 Month Certificate | $1,000 min | 3.198% | 3.25% | |
| Business 1 Yr Certificate 4 | $1,000 min | 0.995% | 1.00% | |
| Business 2 Yr Certificate4 | $1,000 min | 1.045% | 1.05% | |
| Business 3 Yr Certificate4 | $1,000 min | 1.242% | 1.25% | |
| Business 4 Yr Certificate4 | $1,000 min | 1.292% | 1.30% | |
| Business 5 Yr Certificate4 | $1,000 min | 1.390% | 1.40% | |
| Business Jumbo 1 yr | $100,000 min | 1.292% | 1.30% | |
| Business Jumbo 2 yr | $100,000 min | 1.341% | 1.35% | |
| Business Jumbo 3 yr | $100,000 min | 1.550% | 1.55% | |
| Business Jumbo 4 yr | $100,000 min | 1.587% | 1.60% | |
| Business Jumbo 5 yr | $100,000 min | 1.686% | 1.70% | |
| Business Super Jumbo 1 yr | $250,000 min | 1.489% | 1.50% | |
| Business Super Jumbo 2 yr | $250,000 min | 1.538% | 1.55% | |
| Business Super Jumbo 3 yr | $250,000 min | 1.735% | 1.75% | |
| Business Super Jumbo 4 yr | $250,000 min | 1.784% | 1.80% | |
| Business Super Jumbo 5 yr | $250,000 min | 1.882% | 1.90% |
*APY = Annual Percentage Yield. All dividend rates and APY may change at any time. The APYs shown above assume that all principal and dividends remain on deposit for the entire term. Fees could reduce earnings on the above accounts. Penalties apply for early withdrawal from Share Certificates. Additional account information is provided in separate Account Disclosures. Rates are subject to change weekly. Funds earn dividends from the first business day of deposit and are compounded daily and posted monthly. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings.
4 $1,000 Minimum to open account. Must maintain average daily balance of $1,000 to earn the above stated dividend.
*APY = Annual Percentage Yield. All dividend rates and APY may change at any time. The APYs shown above assume that all principal and dividends remain on deposit for the entire term. Fees could reduce earnings on the above accounts. Penalties apply for early withdrawal from Share Certificates. Additional account information is provided in separate Account Disclosures. Funds earn dividends from the first business day of deposit and are compounded daily and posted monthly. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings.