A Share Certificate from Noble Credit Union is a safe way to watch your money grow. Choose fixed terms from three months to three years with as little as $500. Click here to see today's rates.
#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 accounts 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 3-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 up to 1%, make an additional deposit, and withdraw funds without penalty once during the 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.
*MINIMUM DEPOSIT TO OPEN A CERTIFICATE IS $500; Certificate rates are fixed for the term selected unless otherwise indicated. Total Noble CU deposits per member are limited to a maximum of $2,000,000. Total Noble CU deposits per member are limitied to a maximum of $2,000,000.
A penalty will be imposed for withdrawals before maturity. If you have any questions, or need current rate information on your accounts, please call (559) 252-5000. Rates subject to change.