Bronco's Routing #: 251480592
If you want to grow your assets with a guaranteed yield, open a Bronco Share Certificate. We offer a low minimum deposit and a number of term lengths so you can choose a commitment level you’re comfortable with. Of course, longer terms equate to higher dividends, but if you use a "laddering" method to stagger your investments, you can maximize your yields without tying up all of your assets in one basket.
"Laddering" Share Certificates
"Laddering" is a term that refers to breaking your overall share certificate investment into equal parts and staggering the terms on each (like the rungs on a ladder) so you have a different certificate maturing every 12 months.
Suppose you have $50,000 to invest. Create your ladder by initially investing in five different $10,000 share certificates, each with a different term (Certificate One has a term of 12 months, Certificate Two has a term of 24 months, etc.). Using this method, you’ll have a certificate maturing every 12 months for the next five years.
To continue the process, at the maturity date, roll each back into a 60-month certificate. Keep doing this and you’ll be getting the highest yield rate on certificates that are maturing every 12 months. This is a terrific way to ensure that you’re earning a guaranteed rate without risk.
A Bronco Share Certificate offers you:
NOTE: Certificates will automatically renew after maturity. You will have 10 calendar days after the certificate matures to withdraw funds without being charged an early withdrawal penalty. An early withdrawal penalty will apply if a withdrawal is made prior to the maturity date. However, you only pay a penalty on the amount that you withdraw from the certificate.
$1,000 Minimum Deposit
Dividends are paid quarterly and posted to the account quarterly.
Dividends will be applied to the certificate or can be transferred to another account.
Certificate is set up as an automatic renewal certificate.
The member will have 10 calendar days after the certificate matures to withdraw funds without being charged an early withdrawal penalty.
An early withdrawal penalty will apply if a withdrawal is made before the maturity date.
The 6 and 12 month certificates will have an early withdrawal penalty of 91 days dividends.
The 24, 36, 48 and 60 month certificates will have an early withdrawal penalty of 180 days dividends.
Fees imposed on an account could reduce the earnings on the account.