Terms up to five years
We have terms available ranging from 90 days up to five years for those who want to optimize dividends.
Term Deposit Savings
We've got your best interest in mind.
UMassFive Term Deposits are a safe, effective way to save for any occasion. Term Deposit allow you to lock in a higher interest rate for a specific period of time.
Low initial deposit
With minimum balances starting at just $500, you can begin earning a higher rate sooner.
Choose your dividend payment method
You have the option to roll the interest you've earned back into the certificate.
Or, if you prefer, you may request that all dividends be transferred into any basic savings account on either a quarterly basis, or at the certificate's maturity.
Did You Know?
Term Deposits are one of the products you can get even more out of with Co-op Points!
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Term Deposit Savings Rates
| Duration | Dividend Rate | Annual Percentage Yield |
|---|---|---|
| 90 Days | 0.03% | 0.03% |
| 6 Month | 0.10% | 0.10% |
| 9 Month | 0.15% | 0.15% |
| 12 Month | 0.20% | 0.20% |
| 15 Month | 0.20% | 0.20% |
| 18 Month | 0.25% | 0.25% |
| 22 Month | 0.25% | 0.25% |
| 24 Month | 0.30% | 0.30% |
| 29 Month | 0.35% | 0.35% |
| 36 Month | 0.40% | 0.40% |
| 48 Month | 0.50% | 0.50% |
| 60 Month | 0.60% | 0.60% |
*There is a $500 minimum balance required to open any Term Deposit.
Start Saving Today!
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For disclosures and additional details, please visit here.
Financial Knowledge:
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