Share Certificates

Higher Interest, Guaranteed Growth

Looking for a safe and reliable way to grow your savings? Share Certificates are a great option for both short- and long-term goals. With a higher interest rate than a typical savings account, share certificates offer a secure way to watch your money grow over time.

How Share Certificates Work

A Share Certificate is similar to a Certificate of Deposit (CD), offering a fixed interest rate over a set term. You can choose the length of your term based on your savings goals—whether you need to lock in funds for a few months or several years.

·       Fixed Interest Rate: Earn a higher interest rate than a traditional savings account.

·       Automatic Renewal: When the term is up, you have the option to withdraw your funds or let the certificate automatically renew for the same term at the current rate.

Key Details:

·       Quarterly Dividends: Dividends are paid every three months, allowing your savings to grow over time.

·       Minimum Deposit: A minimum deposit is required to open a Share Certificate account.

·       Early Withdrawal Penalty: Be mindful that early withdrawals come with penalties, so it’s best to only invest funds you don’t need immediately.