A Share Certificate is a time based savings account. The term "Certificate of Deposit" or "CD" is often applied to it. This type of account guarantees a specific dividend rate for a specific term such as 6 months, 12 months, or even as long as 5 years. Because of this and early withdrawal fees the dividends earned on Share Certificates are much higher than that of a Regular Share Savings.
- Dividends post monthly which can increases compound interest earnings.
- Automatic renewal.
- Insured by the National Credit Union Administration.