term share accounts:
ready to aim higher?
A Term Share is a savings account offering secure, predictable returns. Watch your savings flourish as your account matures after a 6, 12, 18, 24, or 36-month period.
benefits of
term share accounts at canopy credit union
Make Your Money Do More For You
Canopy offers competitive rates, flexible terms and predictable returns for safe, and high-earning investments on for your deposit.
competitive
dividends
Our term shares offer competitive dividends in Spokane. As a valued depositor and shareholder, you receive dividend payments through our high interest rates. Best of all, our term share accounts have zero fees.
federally
protected
The National Credit Union Administration (NCUA) safeguards deposits in term share accounts. With up to $250,000 in insurance coverage, you rest assured knowing your money is secure and protected.
predictable
returns
With fixed rates that remain steady regardless of market fluctuations, term shares offer you the confidence to plan your finances with certainty. Enjoy peace of mind with guaranteed, predictable returns.
flexible
terms
Choose from our term options that fit your financial goals and needs. Whether you’re looking for a short-term or long-term investment, our flexible terms ensure you can start enjoying your account earnings sooner.
interest rates and terms
Our interest rate and term tables help compare the different options to earn dividends and fulfill your savings goal. The longer you commit to your term share account, the higher the rate and the greater your earning potential. Check out our current rates:
IRA Rates | Term Share & IRA Rates From Canopy Credit Union (canopycu.com)
Here is how you can effectively choose the term that is best for you:
- Short-term share certificate accounts (within a year) are ideal for those who will need funds in the near future.
- Long-term share certificate accounts (beyond a year) are perfect for individuals who are confident they won’t need the money for several years and are planning for a substantial fund.
- Creating a “certificate ladder” is an excellent strategy for those who want the benefits of both short-term and long-term share certificate accounts. This approach allows you to enjoy the advantages of liquidity and higher returns.
our term share rates
Rates are current as of August 1, 2025
Description | Length of Term | Dividend Rate | Annual Percentage Yield (APY) | Minimum Opening Balance | Dividends Compounded | Dividends Credited |
|---|---|---|---|---|---|---|
6 Month Term Share (or IRA) | 6 months | 3.05% | 3.08% | $500 | Monthly | Monthly |
12 Month Term Share (or IRA)
Special Rate! | 12 months | 2.90% | 2.94% | $500 | Monthly | Monthly |
18 Month Term Share
| 18 months | 2.80% | 2.84% | $500 | Monthly | Monthly |
24 Month Term Share (or IRA) | 24 months | 2.75% | 2.79% | $500 | Monthly | Monthly |
36 Month Term Share (or IRA) | 36 months | 2.00% | 2.02% | $500 | Monthly | Monthly |
* penalty may be imposed for early withdrawal
This Rate and Fee Schedule sets forth current conditions, rates, fees and charges applicable to your Savings, Checking, Term Share, IRA and Certificate Accounts at Canopy Credit Union at this time. The Credit Union may offer other rates and fees or amend the rates and fees contained in this schedule from time to time. Each account holder agrees to the terms set forth on this Rate and Fee Schedule and acknowledges that it is a part of the Membership and Account Agreement.
how to open a
term share account
Opening a term share account with Canopy Credit Union is as easy as 1-2-3. Fulfilling financial goals can feel intimidating, but we are here to make the process as accessible and inclusive as possible.
- Become a Canopy Credit Union member
- Meet our Term Share Account Requirements
- Choose Your Deposit and Term
why canopy credit union
We offer member-centric services that focus on supporting our community’s financial wellness. Our members’ financial journeys are unique. Canopy Credit Union offers personalized support for share term share accounts and other helpful member-exclusive features to guide them in making informed decisions for maximum earnings and investments.
Wow! Unlike any other credit union or bank! Team member Ryan treats me like I am a billionaire… I’m not. He is kind, helpful and communicative. Always respectful. They treat me like I’m their only member. I can’t believe how fast I get responses. Seriously; what a credit union!
– Travi B.
frequently asked questions
When your term share account matures or reaches the end of the term, you have a few days to decide whether to cash your savings. If not, your money will be automatically reinvested at the same rate and term in a new certificate, and you will not be able to withdraw your money without penalty.
If you need to withdraw money from your share certificate account before the end of the term, you may receive an early withdrawal penalty.
Canopy Credit Unions offer term share accounts, while banks offer certificates of deposit (CDs). Both term shares and CDs have terms and fixed percentages, but ownership distinguishes them. CDs earn interest, and term shares earn dividends because credit unions are member-owned, making members shareholders.
No, you cannot add new funds to your share savings until it reaches maturity.
Yes, please contact us to provide the assistance you need by calling 509.328.2900.
It is possible; however, you may be subject to penalty fees. The two financial institutions will also need some time to coordinate the transfer of your share savings.