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- Certificates should be held until maturity, at which time the money and accrued interest may be withdrawn together.
- Certificates generally have higher interest rates than accounts from which money may be withdrawn on demand.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.
