Share Certificates and IRAs

If you have short or long-term savings goals in mind, a First New York Share Certificate offers several opportunities for investments of any size. First New York offers competitive rates. Select a term and rate that is right for you!

  • Only $500 needed to open and earn dividends
  • Terms between 3 months and 5 years are available
  • Competitive dividend rates respond weekly to the market
  • Rate at opening is in effect for the entire term
  • Dividends are compounded and posted monthly
  • Certificate automatically renews at maturity
  • Dividends may be withdrawn at any time without penalty
  • Your aggregate funds are insured by the NCUA to at least $250,000
  • Penalty may be imposed for early withdrawal

Rates Effective as of February 1, 2017

Rates are set weekly. Dividends are compounded monthly. Minimum balance of $500 on Share Certificates. Minimum balance of $25 on Lucky Savers Share Certificates. Minimum balance of $250 on IRA Certificates.  All certificate terms are eligible for IRAs except for the 3 month term. A penalty for early withdrawal may be imposed.The Annual Percentage Yield (APY) offered is subject to change without notice.
 

Lucky Savers Share Certificate

This special Share Certificate at First New York Federal Credit Union helps you build your savings while giving you a chance to win monthly and quarterly cash prizes! Every $25 deposit (up to $250 per month) into this account gets you a chance to win - up to 10 chances every month. Plus, all the money deposited into your Lucky Savers Share Certificate is still yours and helps to build your savings. It's a win-win situation!

How do I open a Lucky Savers Share Certificate?

Simply request a 12-month Lucky Savers Share Certificate and make an opening deposit of $25. Your initial deposit is your first step to saving and is your first entry into the monthly and quarterly prize drawings. You can open a Lucky Savers Share Certificate at any of our convenient branch locations.

What are the prizes?

  • Each $25 deposit gives you a chance to win a quarterly prize of up to $5,000
  • Each $25 deposit gives you a chance to win a monthly prize of up to $100

What are the requirements to open a Lucky Savers Share Certificate?

  • Must be 18 years of age or older
  • A First New York Credit Union member with accounts in good standing
  • Business and Trust accounts, as well as employee accounts from any participating institution, are not eligible to win prizes

Rates Effective as of February 1, 2017

Lucky Savers Share Certificate requires an initial deposit of $25 to open and additional deposits can be made throughout the term. The initial deposit and all subsequent deposits mature 12 months after the date that the initial deposit was made. A penalty for early withdrawal may apply. The annual percentage yield (APY) is subject to change without notice.

Why should I open a Lucky Savers Share Certificate?

It pays to save! You can win monthly and quarterly prizes! With regular deposits into your Lucky Savers Share Certificate you are guaranteed to have money saved at the end of the year. See official rules here. For more information, please visit www.nycua.org.