A Share Certificate to help you save and grow your money.

A share certificate is a great way to save money for an upcoming vacation, a wedding, or a special event.

We are offering some of the highest share certificate rates around. Click here to check out our rates

What is a share certificate?

A credit union offers a share certificate to save money at a fixed rate and term. It resembles a CD or certificate of deposit that banks offer. The difference is that it pays out dividends instead of interest. It usually has a minimum deposit amount.

How does it work?

With a share certificate, you select the duration. The dividend is compounded yearly and cannot be withdrawn until the term or maturity date is reached. At the end of the term, the money can be withdrawn or rolled over into a new one. If the instructions are not given, it will automatically be put into a new certificate at a new rate.

There are early withdrawal penalties if money is removed before maturity

What is the difference between a CD and a Share Certificate?

The main difference is that a share certificate is from a credit union, and a CD is from a bank. The CD will earn compounded interest earned over a set term, and the share certificate will earn a dividend. Credit Unions usually have better rates than a bank.

^{*Annual percentage yield (APY) assumes interest will remain on deposit until maturity. Early withdrawal will reduce earnings. A penalty may be imposed for early withdrawal. Minimum opening balance of $500 required. Rates current as of 1/09/2025 and are subject to change without notice. Certificate rates quoted are fixed for the term of the account. Certificates renew at the end of the quoted term with a 10-day grace period. **Subject to additional terms & conditions, contact us for more information.}