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Certificates
Sit Back and Watch Your Money Grow
Choose the rate and term that work best for you.
Current Certificate Specials
High-Yield Earnings
Once you enroll your Island Federal Cash Back Debit Mastercard at uchooserewards.com, you'll earn 1 point for every $2 spent. Whether you're shopping online or in person, you'll see the Cash Back start piling up. Check in on your totals under "My Cards" within the Island Mobile App and redeem points for cash back right into your account, discounts at the fuel pump, or gift cards to your favorite stores.
Say Goodbye to Fees
No monthly maintenance fees. No minimum balance requirements. Just a smarter way to manage your money.
Convenience You Deserve
You'll have 24/7 access to your money with Online and Mobile Banking. Add in our network of 125,000 fee-free ATM's and 5,600 courtesy banking locations across the globe and you'll be able to access your money wherever, whenever, and however you like.
Designed with One Goal:
Give Members Exactly What They Need
Choose the Term That Fits Your Financial Goals
Whether you're saving short-term or planning for the future, Island Federal offers certificate terms from 3 to 60 months providing flexible options for every goal.
Avoid the Ups-and-Downs of the Markets
You'll earn federally insured interest on your Certificate, so you can relax knowing your money will grow. 1
Access to your Banking Anytime, Anywhere
Track your balance and monitor interest on your Certificate anytime through Island Federal's secure Online & Mobile Banking.
We're With You Every Step of the Way
Not sure where to start? Our savings experts are here to help. Visit a branch or book a virtual appointment to create your personalized savings strategy.
Looking for a Safe & Reliable Way to Grow Your Savings?
Looking for a safe, reliable way to grow your savings? Island Federal Credit Union offers some of the most competitive fixed-rate share certificate (CD) options on Long Island, with flexible terms from 3 to 60 months. Whether you’re saving for a short-term goal or planning for the future, our fixed-rate certificates provide guaranteed returns and are federally insured 1 for peace of mind.
Plus, with online and mobile access and expert financial guidance available, Island Federal makes it easy to open a CD that fits your financial goals. Discover why more Long Islanders are turning to Island Federal for smarter, more secure savings options.
Hear From Our Proud Members
“We just love the Sayville branch. They’re always so helpful and smiley and upbeat. We especially like Matt. He’s our go to guy if we need to do anything with our CDs and other things. Everyone in that office is always trying to help us out.”
Joan M.
Sayville
“Recently I needed to renew my CD and could not get to the local Branch. I called one of the representatives, at the Selden location. He had been a huge help to me not long ago in person and knew who I was when I called. He was able to rollover the maturing CD into another one for me and mail me a receipt. Great service.”
Ted C.
Selden
Hear From Our Proud Members
Frequently Asked Questions
What is the minimum deposit required to open a certificate?
Open an Island Federal Share Certificate with as little as $500
What is the difference between a Certificate of Deposit (CD) and a Share Certificate?
A Certificate of Deposit (CD) and a Share Certificate are essentially the same type of savings product, offering a fixed interest rate over a set term in exchange for keeping your money on deposit. The key difference is where they’re offered: CDs are issued by banks while Share Certificates are offered by credit unions like Island Federal and insured by the NCUA. Share Certificates are safe, reliable ways to grow your savings, with federally insured protection up to $250,000. 1
What happens if I withdraw my funds before the maturity date?
If you wish to access your funds prior to the certificate maturity date, you may be subject to an early withdrawal fee (a percentage of the interest you have earned up to that point). Full terms for share certificates are available within our Account Disclosures.
What happens to my funds when my certificate matures?
Unless specified at account opening, your funds will roll over into the same term certificate. If the same term is not available, your funds will roll into the most similar term available at current certificate maturity date.
How can I open a certificate?
Click here to open your account online or visit your closest Island Federal branch.
Disclosures
*APY=Annual Percentage Yield. Rates and terms are subject to change without notice. Minimum balance of $500 required to open and earn interest. Fees and penalties may reduce earnings. View full product disclosure within the Deposit Account Disclosure. 1 Information regarding the NCUA Share Insurance Coverage can be found at ncua.gov. a Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.