ADVANTAGES OF SHARE CERTIFICATES
- They're safe- your funds are insured up to $500,000 per member.
- They're affordable- Share Certificates can be opened for as little as $500.
- They're "low maintenance"- you just deposit your money, relax, and let the Certificate earn dividends.
HOW A SHARE CERTIFICATE WORKS
To open a Share Certificate, you agree to deposit your money for a specific time period. The Certificate earns dividends based on an established rate.
Terms range from 3 to 60 months. Usually, the longer the term, the higher the dividend rate. During the term, the funds cannot be withdrawn without a penalty.
Dividends are re-invested in the Certificate, deposited into another SRFCU account, or mailed to you.
When the term ends, you can withdraw the funds or roll them over into another Certificate.
Click here for current Share Certificate rates.