Certificates and High Yield Savings

One of our savings option is the High Yield Savings account, a hybrid of a CD and a savings account. Like a CD, the funds you deposit into a High Yield Savings account are locked.  Like a savings account, you can add to those funds at any time, building up the account and earning even more.

Exisiting Members CLICK HERE to complete the High Yield Club account application.

New Members CLICK HERE to become a member first in order to open up a High Yield or Share Certificate account.

As a credit union, Brooklyn Coop offers “Share Certificates” instead of Certificate Deposits (CDs) because our member-owners earn dividends instead of interest.  Functionally the accounts operate the same.  We offer three (3), six (6) and twelve (12) month Share Certificates and the current rates are listed below.  There are no initial or monthly fees associated with the Share Certificates.  There is a minimum balance of $500 and an early withdrawal penalty.

CLICK HERE to complete the Share Certificate application.