Certificate of Deposit dividends are determined by the Board of Directors quarterly and calculated on a daily basis. Certificate accounts offer a higher earning potential for members. A minimum balance of $1,000 is required to open with terms from 6 months to 2 1/2 years. Interest is calculated daily and paid quarterly. There is a substantial penalty for early withdrawal.

Looking For More Interest? Try A Share Certificate

Do you have money resting in regular shares that you don't need immediately and/or are using for a planned goal six months to a year down the road? You might consider transferring that money to a share certificate.

A share certificate is like a savings account, except that you commit to leaving the money untouched for a certain length of time - anywhere from several months to several years. In exchange for locking in that amount and allowing your credit union to make that money available to other members for loans, your credit union can offer you a higher rate of return on that savings.

With a little thought and planning, a share certificate is a great way to make your savings grow even faster. Your credit union has a variety of certificates offering different time commitments and interest rates. Stop by or call your credit union today for more information.