Share Certificates and IRA Certificates

Love to watch it grow?  Parting is such sweet sorrow?  Put your money away in a certificate from 3 months to 5 years…sure you might miss it a little, but you’re helping it grow to do bigger and better things.

What is a Certificate?

Certificates are similar to savings accounts in that they are insured and thus virtually risk free. Here are some other great things about them:

  • They are insured by the National Credit Union Administration (NCUA) for credit unions.
  • They differ from savings accounts in that they have a specific, fixed term (monthly/yearly), and a fixed interest rate.
  • Certificates should be held until maturity, at which time the money and accrued interest may be withdrawn together.  
  • Certificates generally have higher interest rates than accounts from which money may be withdrawn on demand.

Click here to view our great rates.