For a limited time, Alero members can take advantage of our 18-Month Share Certificate rate special of 3.75% APY*. Save more when you move at least $500 from another financial institution.*
We have other terms with great rates as well! Scroll down to the bottom of this page to view all the terms and their current rates.
With all Alero share certificates, you'll enjoy no maintenance fees, competitive rates, and the safety of NCUA insurance up to $250,000.
How to Open a Share Certificate
Want to take advantage of one of our low-risk, high-reward share certificates? We're here to help. As a mid-size credit union with an emphasis on high quality service and personal attention, the process will take a bit longer than what you will find at big banks and fintechs. But we promise, it will be worth the wait.
Here are the ways members can open a share certificate at Alero:
Call our Member Center Monday through Friday from 7 a.m. to 5:30 p.m. at 1-800-359-1939 (¡Hablamos español!). Don't have time to wait on the line? Request a callback and someone will get back to you!
Schedule an appointment with our Onboarding Team: Book a phone or Teams meeting at a time that works best for you during the hours of 9 a.m. and 4:30 p.m. CT Monday through Friday. This is a great option if you are not a member and want to join and open a share certificate at the same time.
No worries! You don't need to be a current member to take advantage of this offer. Join our credit union family and then you can open your share certificate!
Not sure if you qualify for membership? The good news is that anyone, anywhere in the United States can qualify for membership with our credit union. Learn more by visiting our Join page.
Move your money to Alero and earn more
Alero offers several share certificate terms with higher-than-average rates to help you save for the future. Choose a topic below to learn more. Or, scroll down to view current rates on all our share certificate terms.
Frequently Asked Questions
YES, you can if you join our credit union! Start your membership application now at alero.org/join.
Once you've submitted your online application and your app is approved, you should receive an answer by email within 24 business hours.
You can then open your share certificate account by:
You can also join our credit union and open a share certificate at your local branch. Find a Alero branch now.
You can open a share certificate with as little as $1,000. Here's how:
Log into Alero's digital banking app and send us a secure message to request a new share certificate account. Please specify the term length and amount you would like to invest. [Don't have our mobile app yet? Download it nowto get started!]
Call our Member Center at 1-800-359-1939 Monday - Friday from 7 a.m. to 5:30 p.m. CST.
If you are a member and you are registered with digital banking, you can request an account opening by sending us a secure message while logged into our digital banking app. When you do, someone will get back to you within normal business hours to help you get started.
You can also call our Member Center Monday - Thursday 9 a.m. - 5:00 p.m. | Friday 8 a.m. -6:00 p.m. | Saturday 9 a.m. - 12:00 p.m. CST at 1-800-359-1939 to open an account or stop by a local Alero branch.
View our current share certificate rates by scrolling down on this page or going to alero.org/rates.
There are several ways to open a Alero share certificate with money from another financial institution:
Wire yourself the money from another financial institution. Incoming wire transfers to Alero are free!
Write a check and deposit it through Alero's mobile banking app (be aware of limits).
Deposit cash or a check at a local branch.
Deposit cash or a check at a shared branch location.
Arrange a transfer of funds from a connected bank in our mobile app (note that it takes 2-4 days to set up an external transfer. Click here to learn more about external transfers.
Use funds from a recent direct deposit! (Don't have direct deposit set up yet? Use this form to get started).
Similar to a certificate of deposit (CD) offered by a bank, credit union share certificates are a type of investment account designed to allow you to set aside money for specific periods of time (e.g. 6, 12, 24, or 36 months) at a higher savings rate. The longer the term of your certificate, the higher the annual percentage yield (APY) you'll typically receive.
Yes! The beauty of a share certificate is that it is a totally risk-free way to grow your money at a higher-than-average rate with the full protection of National Credit Union Administration (NCUA) insurance. So you can rest easy knowing your share certificate is protected up to $250,000.
Here's ahelpful resourceon NCUA insurance and how it compares to FDIC insurance.
Yes! Here's how:
From a desktop
Log in
Click on the email icon in the upper-right corner
Choose the blue compose button
Subject: Open or Renew Share Certificate.
Account: Choose your preferred account (i.e. 7 Month Certificate). If you are opening a new account, you can leave this field blank.
Compose your message with specific instructions on what you want to deposit into a new account and your source for the new funds.
Choose the blue "send message" button
From the mobile app
Log in
Tap on more on the bottom left
Choose Message Center under Utilities
tap Compose in the upper right
Select a subject: Open or Renew Share Certificate.
Choose the account: Choose your preferred account (i.e. 7 Month Certificate) If you are opening a new account, you can leave this field blank.
Compose your message with specific instructions on what you want to deposit into a new account and your source for the new funds.
Tap the blue “send” button
Someone will respond within 1-2 business days to confirm that your account has been opened.
To open a share certificate by phone, please call our Member Center at 1-800-359-1939 Monday - Thursday 9 a.m. - 5:00 p.m. | Friday 8 a.m. - 6:00 p.m. | Saturday 9 a.m. - 12:00 p.m. CST.
You can save time by choosing the option to receive a callback when you dial our 800 number. Simply provide your phone number when prompted and a Member Center representative will get back to you as soon as possible to help you open your certificate.
You can also send a direct message via digital banking to request a new share certificate.
If you are a current Alero member registered with digital banking, log into to your account and send a secure message to request an account opening. Our Member Center will reach out during normal business hours to help you get started.
The minimum balance required to open a Alero share certificate is $1,000 on all terms.
There are no account maintenance fees with a Alero share certificate account.
However, your account will be assessed a dividend penalty if you withdraw your funds before the term of your certificate is complete. This includes 60 days worth of dividends on a 6- or 12-month term and 150 days worth of dividends on a 24- or 36-month term.
Alero share certificate dividends are calculated daily and paid monthly.
As your maturity date approaches, you will receive a letter at least one month beforehand notifying you that your share certificate is about to mature. This letter will provide rate information and instructions about your options.
You can also set up an alert to remind yourself of your upcoming share certificate maturity.
To activate this feature:
Log into digital banking and go to More > Tools > Alerts > Accounts
Choose your share certificate account under Selected Account drop down
Tap the Certificate Maturity button option
Set the amount of days in advance that you want to receive a reminder by email and/or by push notification to your mobile device.
Save your selections
Opting out of autorenewal
If you do not want your certificate to automatically renew, you can call our Member Center at 1-847-359-1939 or stop by a Alero branch to indicate your preference before the certificate matures or within the 10-day grace period after the maturity date.
If the certificate automatically rolls over, it will renew at the current rate for that share certificate term at the time of maturity.
If your share certificate was opened through a special offer with an atypical term (i.e. 11 months or 7 months), it will renew at the nearest term length (e.g. an 11-month certificate will renew as a 12-month certificate).
You can view your share certificate activity when logged into digital banking. You can also view activity in our quarterly statements.
Statements are provided quarterly and are available by mail or, if you are signed up for eStatements, when logged in to digital banking.
¡Si! Si llama a nuestro Centro de Atención al Miembro al 1-800-359-1939, podemos encontrar a alguien que le ayude en español.
Current Share Certificate Rates and Terms
If you're looking for a high-yield investment with minimal risk, you came to the right place. We strive to keep our share certificate rates above the market average so our members can save more. Check out our current rates below.
*Penalties apply for early withdrawal of funds. See "Important Account Information for our Members" disclosure for
complete details. **APY = Annual Percentage Yield.
*APY = Annual Percentage Yield. Rates effective for a limited time and are subject to change any time without notice. Offer applies only to new deposits not currently on deposit at Alero. $500 minimum deposit required. At maturity, 18-month share certificates will automatically renew into a 12-month certificate at the standard rate then in effect. Penalties may apply for early withdrawal. Rates subject to change without notice. Federally insured by NCUA. Contact Alero for complete details.
