Like a Certificate of Deposit (CD), Certificate Accounts (also known as Term Savings Accounts) give you high-yield savings rates for a fixed term.
Predictable, guaranteed, and there when you need it.
Like a Certificate of Deposit (CD), Certificate Accounts (also known as Term Savings Accounts) give you high-yield savings rates for a fixed term.
Predictable, guaranteed, and there when you need it.
Earn a higher dividend rate than you would with a liquid account. Just like a CD, your rate is guaranteed for the full term.
Open accounts in minutes, manage your term maturities in one easy platform.
Funds are federally insured up to $250,000.
Earn predictable returns, free from market risks.
As with any credit union, membership is required in order to take advantage of credit union products and services. Membership is free and included in the online application. We’ll guide you through this every step of the way.
You’ll need: A valid ID, your Social Security number, and your bank account information to fund your account during the application.
Once you're logged in, tap or select Open > Checking/Savings to start your application.
It takes less than five minutes to complete the application. Once you hit Submit, your account is ready to use!
Quorum is consistently selected as one of the top credit unions in America.
Best Credit Union for ATM Access
Buy Side from WSJ
Best Credit Union for Savings Accounts
CNBC
Best Credit Unions for Checking Accounts
Best ATM Network
CNBC
"Great rates and service. I recently opened a high-yield savings account with Quorum. The process was easy, online banking was comprehensive, and the rate and service were fantastic!"
"Quorum has been my primary bank for over 5 years, where they do NOT disappoint. Not only do they offer the best interest rates with the HighQ Savings and term CDs, they are also prompt to provide answers to any questions."
"We feel so much more secure with a federal credit union than a commercial bank. Great staff and the customer service is always patient and helpful. Rates on interest-bearing accounts are great, too. I’m glad we found Quorum."
A Certificate Account works the same way as a traditional CD (certificate of deposit): you choose a term, deposit your funds, and lock in a fixed APY for the full term.
The main difference is the label. Many banks call this a CD. At Quorum, it’s called a Certificate Account.
When you open a Term Savings account, your APY is locked for the full term, so you don’t have to worry about market swings or rate changes midstream.
The minimum deposit to open a Certificate Account is $100. Some terms offer a higher APY at higher balances, and certain terms may have specific funding requirements.
Your Quorum accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
Depending on how your accounts are owned and what types of accounts you have, you can potentially increase the total insurance on your funds to greater than $250,000.
Similar to a CD Maturity Notice, a Share Certificate Maturity Notice will be sent via mail or email for eStatement users 30 days prior to maturity. At maturity, you will have seven calendar days to decide whether to withdraw, re-invest, or roll over automatically for the same term, at the current dividend rate (penalties apply for early withdrawal).
You can manage your maturity settings online or via the mobile app. Once logged in, simply select Account Services from the main menu, then Term Maturity Settings to manage your accounts.
No. You fund your account upfront when you open it, and you can’t add additional funds after it’s opened. If you plan to keep contributing, a high-yield savings account might be a better fit.
Yes, you can withdraw early, but an early withdrawal penalty applies if you take funds out before maturity.
You’ll receive a maturity notice about 30 days before your term ends. At maturity, you have a seven-calendar-day grace period to decide what you want to do, such as withdraw, reinvest, or let it roll over. If you don’t choose, it will roll into a comparable term at the current rate.
If you have more than $250,00 in deposits and are concerned that your savings may not be fully insured by the NCUA, you can check the Share Insurance Estimator here to understand what is insured and what portion (if any) exceeds coverage limits.
Depending on how your accounts are owned and what types of accounts you have, you can potentially increase the total insurance on your funds to greater than $250,000 through multiple account owners or trusts with beneficiaries.
Certificate Account (similar to CDs) have a seven-calendar-day grace period from the maturity date.
1Annual percentage yield (APY) and rates are in effect as of 07/09/26. Certificate Accounts are fixed-rate accounts. Dividends are compounded and paid monthly. A minimum deposit of $100 is required to open and earn the APY. A penalty will be imposed if funds are withdrawn prior to maturity date. Fees could reduce earnings. Deposits of $100,000 or more earn an additional 0.10% APY to all Certificate Accounts except for the 7-, 11-, 48- and 60-Month Certificate Accounts. Certificate Accounts will automatically roll over into the same term at the current rate at maturity with the exception of the 7- and 11-Month Certificate Account. These will automatically renew into a 12-Month Certificate Account at the current rate.
The 7-Month and 11-Month Certificate Accounts are for NEW MONEY ONLY. New money is funds from outside Quorum or funds deposited at Quorum within the last 14 days. Existing Quorum funds held for 14 days or more do not qualify. At maturity, the 7-Month and 11-Month Certificate Accounts will automatically renew into a 12-Month Certificate Account at the current rate.