If you’re looking for a safe and reliable way to grow your savings, a share certificate might be the perfect fit.
A share certificate is a savings product that lets you earn a fixed interest rate over a specific period of time—called a term. In exchange for locking your money in the account for the full term, you typically receive a higher rate than you would with a regular savings account.
Here’s how it works:
- You choose a term length (e.g., 180 days, 1 year, 3 years)
- You deposit a set amount of money
- You agree not to withdraw the funds until the term ends (maturity date)
- You earn guaranteed dividends (interest) over that time
At the end of the term, you can either withdraw your funds (plus the interest earned) or roll them into a new certificate.
Why Consider a Share Certificate?
- Higher Returns: Share certificates typically offer better rates than standard savings accounts.
- Low Risk: Your money is federally insured through the NCUA, making it a safe option.
- Fixed Earnings: Know exactly how much you’ll earn—no market surprises.
- Flexible Terms: Choose from a variety of term lengths to suit your savings goals.
If you’re just getting started with saving, our Balance Builder 1-Year Share Certificate is designed especially for you.
- Just $100 to open – our lowest minimum opening deposit
- 1-year term – perfect for beginners and short-term goals
- Add money any time during the term – up to a total balance of $500
It’s a flexible, low-risk way to build healthy savings habits and watch your money grow without feeling overwhelmed. Whether you’re saving for an emergency fund, a holiday, or your first big purchase, the Balance Builder gives you a great head start.
Is a Share Certificate Right for You?
A share certificate might be a great fit if you:
- Have extra savings you won’t need for a while
- Want a guaranteed return without market risk
- Are saving for a specific goal with a set timeline
However, if you need access to your funds at any time, or want to contribute unlimited amounts, other savings options might suit you better.
At Fond du Lac Credit Union, we offer a variety of share certificates tailored to different financial goals.
Ready to take the first step toward a stronger financial future?
Stop in, call us, or visit Share Certificates – Fond du Lac Credit Union to learn more and open your certificate today.