2% Sure Saver Certificate (25-Month Term)

It looks like an installment savings account.

 

Terms: $100 initial deposit, $50 minimum monthly allotment

 

"A Sure Saver Certificate can be established with as little as $100 for a term of 25 months. A payroll allotment or direct deposit from another one of your Justice FCU accounts must be established so that a minimum of $50 per month is automatically transferred to this account. At maturity, the certificate may be renewed or transferred to a Justice FCU account. "

 

I'm unclear from the text above if you can open it with MORE than $100. If so, you could almost think of it as a 2-year CD and open it with as much as you want, and keep adding the required $50 each month.