What are Share Certificates?

A Share certificate (certificate) is a type of savings vehicle offered by credit unions that allows you to deposit a sum of money for a fixed period, in return for a fixed interest rate. Credit Unions also offer variable rates. They are like savings accounts and can be a great way to earn a higher return on your investment.

Certificates can be a great way to earn a higher return on your investment. They are safe, federally insured, and offer a fixed return on your investment, making them a great option for those looking for a low-risk investment. Before investing your money, make sure to understand the terms and penalties associated with your certificate and consult with a credit union representative to see if it’s the right investment tool for you.