Certificates

There are two main differences: a Certificate can earn higher dividends, but you must wait a specified amount of time to get the money back out. See additional differences below:

Certificates

• Rate doesn't change during the term of the account
• Accurately estimate your earnings over time with a fixed rate
• Possibly get higher rates than savings accounts when you select longer terms
• Choose a term from 6 months to 5 years
• No fees when you hold your account to maturity, but there can be penalties for early withdrawal
• No access to your deposit through checks, ATM transactions, or electronic transfers

Savings Accounts

• Rate can adjust while you hold the account
• Typically lower rates than Certificates, but your funds are liquid and easily accessible
• The Elements Helium Savings Account has rates as high as APY for balances greater than $2,500
• Access to your deposits through ATMs and compatible with electronic transfers

Compare to Other Savings Options Buy a Certificate

Compare a Certificate to our other options below.

For each account, the dividend period is the account’s term. The dividend period begins on the first day of the term and ends on the maturity date. The compounding and crediting frequency of dividends are stated in the Certificate Truth-in-Savings Disclosure. 

The amount of the early withdrawal penalty is based on the term of your account. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. Get full details here. 

Like a Bank, Only Better!

Better Rates. Fewer Fees.

Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates and lower loan rates.

Trusted Advice. Fresh Approach.

We pride ourselves in being a trusted source for financial education. Your financial wellness expert will come to your workplace to answer questions and provide you with one-on-one assistance as you navigate the changes that come with each of life's stages.

Respected Locally. Accessed Globally.

Headquartered in Indianapolis since 1930, we rank among the top 4% of credit unions nationally⁵. We serve members in all 50 states and 50+ countries. You’ll have access to 5,000+ shared branches nationwide and 78,000+ surcharge-free ATMs globally.

High Tech. Human Touch.

Our technology makes banking with Elements easy. From quick digital applications to online and mobile banking, we’ll be by your side wherever you go. We’re here for you with member service available 24/7 and live chat during the workday.

Get Started

Getting started is as easy as 1-2-3!

1. Buy a Certificate online - Open a Certificate account online in as little as 10 minutes. Or call 1-800-621-2105 to get started. Have your government-issued ID (driver’s license, state ID, or passport) and your Social Security number ready.
2. Check your email - You will receive an email within one business day to notify you that your Certificate account is approved. That’s it! You now own an Elements Certificate.
3. Enroll in Online Banking - Easily check your balances, make loan payments, pay bills and transfer money between accounts from your smartphone, tablet, laptop or desktop. Learn more about Online Banking.

Buy a Certificate