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Certificate Rewards

The more you save with SELCO, the more value we can return to you—no rate chasing required. That’s the logic behind our Certificate Rewards, which automatically add up to 0.50% APY to all standard certificate rates when you qualify.  

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Earn rewards for saving with SELCO

If your household has a 9-month average daily savings balance of $25,000 or more with us, you’re eligible. Keep the savings going with any standard certificate and we’ll give it a boost! 

  • Average balances of $25,000-$99,999 earn an extra 0.25% APY (Tier 1). 
  • Average balances of $100,000+ earn an extra 0.50% APY (Tier 2). 
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Which accounts are included in the average daily savings balance?

When calculating your household’s average daily savings balance, we include all the following accounts: 

  • Membership Share, Simple Savings, Cultivate Savings, and Vault Savings 
  • Certificates
  • IRAs, premium IRAs, and HSAs 
  • Money market and Investor Plus 
  • Real estate escrow 

Only checking accounts and balances held through SELCO Investment & Retirement Services are excluded. 

How it works

  • When you open or renew a standard certificate*, we’ll calculate your household’s average daily savings balance over the last 9 months (270 days, to be exact). Your household includes all relatives sharing your address.
  • If that 9-month household average balance is $25,000 - $99,999, the Tier 1 reward dividend will automatically be added to your new certificate. If it’s $100,000 or more, the Tier 2 reward dividend will be added. Reward dividends are automatically applied at the end of the business day. It’s that simple! 
  • When an existing certificate nears maturity, we’ll send a maturity notice to let you know what’s set to happen with your funds and whether you’re on track to qualify for a reward. Then you can either let the funds mature as scheduled or contact us to make a change. Either way, we’ll automatically apply the reward dividend whenever you qualify. 

*The reward applies to all new standard certificates; IRA, college savings, and special offer certificates are not eligible.