Watch Your Money Grow with a Share Certificate!
Share Certificate: (noun) A federally insured investment available at your credit union. This is a low-risk investment.
Interested in investing, but want a guarantee amount to show for it? One of the major pros to opening a Share Certificate is the stability. For this type of account, the rate and term are fixed, and you are guaranteed to make money on your investment. This is a sensible approach to investing that gives you the opportunity to see your money grow at a rate higher than a normal share savings account.
One thing to keep in mind when deciding if a Share Certificate is right for you is the term. Once you put your money away, it must stay in that account until the term has been completed. (Taking out the money before the term is up would cause you to owe a penalty.) If this option seems like a good fit for you, check out our rates for share certificates!