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Flex Rate Certificates (Variable Rate)

Higher APY compared to our Fixed-Rate 1- and 2-Year Certificates

Buy a Flex Rate Certificate

Or call 1-800-621-2105

Flex Rate Certificate (Variable Rate) Dividend Rate  APY 
12 Month Term 4.75% 4.92%
24 Month Term 4.75% 4.92%

Flex Rate Certificate (Variable Rate) Annual Percentage Yield (APY) effective as of November 8, 2024, and may change without notice. The dividend rate and APY are based on the current Prime Rate index as published in the Wall Street Journal minus a margin of 3.00%. The dividend rate and APY are variable and will adjust the next business day following a change in Prime Rate index. The minimum floor APY for the flex rate certificates is 0.00% and the maximum APY will never be greater than 17.00%. Minimum deposit of $1,000 to open certificate. Primary members under the age of 18 must have a $500 minimum deposit to open certificate. Minimum of $500 balance required to earn dividends. Health Savings account funds are not eligible. Fees may reduce earnings. Penalty for early withdrawal. Elements reserves the right to amend or discontinue offers at any time and to limit the balance of a certificate at any time.

More Disclosure

Flex Rate Certificates (Variable Rate)

Adjusts with Prime Rate minus a margin of 3.00%

KEY FEATURES

  • Achieve financial fitness with a 12- or 24-month Flex Rate Certificate (Variable Rate) at 4.92% APY1
  • Higher rate than most regular savings accounts
  • Available in 12- and 24-month terms
  • Higher APY compared to our Fixed Rate 1- and 2-Year Certificates
  • Dividend rates that keep pace with a changing rate environment by flexing when the Prime Rate changes, up or down
  • Available in amounts of $1,000 or more (as little as $500 if under age 18)

Buy a Flex Rate Certificate

MIGHT BE A GOOD CHOICE IF

  • You want to diversify beyond traditional savings accounts and other investments
  • Trade-off: Must wait to access funds until the Certificate term is up

Compare to Other Savings Options

  1. 1 Flex Rate Certificate (Variable Rate) Annual Percentage Yield (APY) effective as of November 8, 2024, and may change without notice. The dividend rate and APY are based on the current Prime Rate index as published in the Wall Street Journal minus a margin of 3.00%. The dividend rate and APY are variable and will adjust the next business day following a change in Prime Rate index. The minimum floor APY for the flex rate certificates is 0.00% and the maximum APY will never be greater than 17.00%. Minimum deposit of $1,000 to open certificate. Primary members under the age of 18 must have a $500 minimum deposit to open certificate. Minimum of $500 balance required to earn dividends. Health Savings account funds are not eligible. Fees may reduce earnings. Penalty for early withdrawal. Elements reserves the right to amend or discontinue offers at any time and to limit the balance of a certificate at any time.
  2. 2 Helium Savings Annual Percentage Yield (APY) effective as of November 1, 2024, and may change after account opening without notice. 0.10% APY on balances $0.01-$2,499.99; 1.00% APY on balances $2,500.00-$9,999.99; 1.00% APY on balances $10,000.00 and Above. $5 required minimum balance to open the account. No monthly Maintenance Service Charge. Fees may reduce earnings. 
  3. 3 Member Savings Annual Percentage Yield (APY) effective as of November 1, 2024, and may change after account opening without notice. 0.10% APY on balances $100.00-$2,499.99; 0.15% APY on balances $2,500.00-$49,999.99; 0.20% APY on balances $50,000.00 and Above. Minimum daily balance of $100 required to earn dividends. $5 required minimum balance to open the account. No monthly Maintenance Service Charge. Fees may reduce earnings. 
  4. 4 High Yield Savings Annual Percentage Yield (APY) accurate as of November 1, 2024. High Yield Savings is a tiered savings account paying a variable dividend rate, that may change at any time, on the entire balance in your account based on the rate for the tier corresponding to each day’s daily balance. The account is available for new money only which are funds not on deposit at Elements for 90 days prior to opening the High Yield Savings account. Existing Elements members with savings accounts must deposit $25,000.00 or more of new money within 10 days of opening the High Yield Savings account. Existing Elements members with savings accounts with combined daily balances of $2,500.00 or less for the 90 days prior to account opening are excluded from the new money requirement. Additional information for each tier: An APY of 0.10% applies to accounts with balances from $0.00 to $99.99; from $100.00 to $2,499.99; and from $2,500.00 to $9,999.99. An APY of 4.00% applies to accounts with balances from $10,000.00 to $24,999.99; from $25,000.00 to $49,999.99; from $50,000.00 to $99,999.99; from $100,000.00 to $249,999.99; and $250,000.00 and above. At least one account holder must be 18 years of age. Other qualifications may apply. Offer may be discontinued at any time. Fees may reduce earnings.
  5. 5 Based on asset size as of 12/31/2022.