Certificate Accounts

Share certificates, called Certificate Accounts, can be obtained in terms from 6 months up to 60 months. Interest rates are based on a tiered system.

Share certificates are "time deposits" that pay a fixed rate for a specific term. PALCO currently has 6 months (minimum $1000.00) or 12, 18, 24, 36, 48, & 60 months (minimum $500.00) certificates available. Rates are very competitive and subject to change without notice.

Junior Certificates

PALCO has 12 month (minimum $250.00) or 18, 24, 36, 48, & 60 month Junior Share Certificates available for members under the age of 18. All Junior Share Certificates will be required to have a Joint Owner on the Certificate with them that is over the age of 18. After the member reaches the age of 19, a renewing Junior Share Certificate will be deposited into the savings account automatically (no automatic renewal). At that point they may roll the monies over into a Regular Share Certificate at the higher minimum deposit requirements.