Tobyhanna Army Depot Federal Credit Union continues to add innovative products for our members. One of our goals at the Credit Union is to develop products that help our members build wealth. The newly added “Add to Me Certificate” is a product designed to do just that for you….build wealth!

The product offers a low starting balance (as low as $100) and gives you the option of earning a higher interest rate by agreeing to add to the CD periodically (at least $30.00 per month or $15.00 every two weeks).

By opening an Add to Me Certificate with at least $100 and agreeing to make at least $30 per month (or $15.00 every two weeks) deposits into the product for the 14 month term, you will earn a rate of 1.25% APY*.

When you open the product, the Credit Union Member Service Representative will ask if you are willing to make the minimum monthly deposit into the product and what share account the transfer should come from.

Once your certificate is set up, you will find that you can make bi-weekly transfers, monthly transfers, or bi-monthly transfers. Most of our members get their payroll biweekly, so we can line up the transfer to come out each time you are paid! You’ll never miss the money and it will build up over time! You can even make additional deposits on your own if you wish, in addition to your regularly scheduled transfer deposits to build your balance even faster!

Early Withdrawal Penalties apply to this product. We are here to help you save money. We realize that, from time to time, even the best plans can get messy. Before you withdraw the money you are trying to save, come in and talk to a loan officer about using your CD to secure a loan. You can continue to save, avoid early withdrawal penalties, and still use the money. Of course, you’ll pay a small interest rate to borrow the funds, but it is still better than disturbing your ‘habit of saving’!

* Annual Percentage Rate (APR) and Annual Percentage Yield (APY) are accurate as of date of posting
***RATES SUBJECT TO CHANGE WITHOUT NOTICE***