Share Certificates

Considered to be one of the safest investments, a share certificate provides a handful of unique benefits unto itself.

#1   Higher Returns
While a Share Certificate is as easy to get started as a savings account, one of the biggest differences is that it offers better interest rates for greater earnings.

#2  Laddering Ability
One common drawback that savers refer to when discussing share certificates is the fact that it offers less liquidity.  However, by implementing a laddering strategy wherein separate certificates of varying maturities (e.g. 6 months, 1 year, 2 years, etc.) are activated, you'll always maintain some level of liquidity as each account matures.

#3  Low Risk
Share Certificates are insured by the federal government; for credit unions, it's the National Credit Union Administration (NCUA) that regulates funds and provides deposit insurance for up to $250,000 per depositor.

#4  Share Certificate Varieties
There are many different types of Share Certificate products available that can suit your needs.  The Credit Union offers a variety of term duration options from 6 months if you don't necessarily want to commit your funds for the long term to a 2-year certificate of deposit that keeps funds growing year over year. 

Another option includes the Three Wishes Share Certificate which enables you to bump up the rate, make an additional deposit and withdraw funds without penalty during the account term.

#5  Locked-In Funds
It may seem like locking savings into a deposit account is a bad idea, however, with so many Americans still struggling to get a starter reserve savings fund up and going, keeping money in the hands-off account, like a  Share Certificate may pose a huge benefit to those who need an account that cannot be accessed.

Overall, Share Certificates are relatively simple and straightforward way to invest and save.