Share Certificates Tips, Info & FAQs
A saved deposit for a given period of time with a fixed rate of interest
Take advantage of the highest rates in years!
If you have the cash to set aside, a share certificate is one of the most reliable ways to watch it grow. Choose a time period between 6 and 60 months, and we will offer you a highly favorable, fixed interest rate.
For a limited time, our 6-month Certificate Special offers you 5.12% APY on your funds of $25,000 or more!
Is a Share Certificate Right for Me?
As you work toward building a secure future for yourself and your family, you’ll want to put some money aside for emergencies as well as begin to save for the things you dream of — a vacation, a larger house, your children’s education, and your retirement. These are serious concerns, and it’s important to set goals and devise strategies to help you attain them.
Saving is a habit to cultivate; while making prudent investments can help you increase your available nest egg for major purchases, it is also wise to keep some funds in risk-free savings that you can access either immediately or on a scheduled basis. A Share Certificate Account is a great way to save. But there are still pros and cons.
Advantages of a Share Certificate
- Certificates we issue are safe and privately insured by American Share Insurance for up to $250,000, with no limit on the number of accounts.
- A Certificate is issued in a specific amount and for a specific term (length of time). Generally, it earns a higher rate than a simple savings account.
- The rate remains constant for the term of the Certificate, regardless of variations in market rates.
- With multiple Certificates, you can control the availability of funds by selecting varying terms and staggering certificate maturity dates.
- Because the Certificate is locked in for a specific length of time, this helps save your money as you cannot easily access it.
Disadvantages of a Share Certificate
- In case of early withdrawal, you may pay a penalty. In most cases, you will forfeit some interest. Read the fine print.
- Inflation: A long-term Certificate will tie up your money. If interest rates rise substantially in the short term, you will not earn as much as the current rates.
How to Choose a Certificate
Even though they are safe and reliable, and pay a better return than other savings options, a Share Certificate is not the perfect savings tool for everyone. They are well-suited for individuals and families who have other savings accounts or liquid assets available for emergencies.
A long-term Share Certificate is a good way to put money aside for a planned vacation, a college fund, or even for retirement, but you might not want to tie up substantial funds, especially if interest rates are relatively low. Terms typically vary from as little as six months up to 5 years.
We’re Here to Help!
Be sure to weigh the benefits of higher rates against the loss of liquidity for the term of the Share Certificate. But also remember that Share Certificates are generally your best risk-free investment.
If you have questions on which savings options are best for your specific financial needs, please contact us.
What is the minimum amount I can invest in a Share Certificate?
($25,000 for our 6-month Certificate Special)
What is the most I can invest in one Share Certificate?
You may invest as much as you wish. However, your funds will only be insured up to $250,000 per certificate.
If your investment exceeds $250,000, you may open unlimited certificates for up to $250,000 each and have insurance coverage.
What is the longest term for a share certificate?
What is the shortest term for a share certificate?
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Share Certificates Rates & Calculator
Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Certificates & IRA Certificates
|3.82% APY*||6 months|
|5.12% APY*||6 months **|
|4.07% APY*||12 months|
|2.78% APY*||24 months|
|2.27% APY*||36 months|
|2.53% APY*||48 months|
|2.53% APY*||60 months|
*APY = Annual Percentage Yield. APY offered the period of September 1 - 30, 2023. A penalty will be imposed for early withdrawal. A withdrawal of all or any portion of the principal prior to maturity will cause automatic termination of the Certificate Account. For a Certificate with a term of one year or less, the penalty will be equal to 30 days' worth of dividends, whether earned or unearned, which could reduce the principal balance of the Certificate. For a Certificate with a term over one year but less than three years, the penalty will be equal to 60 days' worth of dividends, whether earned or unearned, which could reduce the principal balance of the Certificate. For a Certificate with a term of three years or more, the penalty will be equal to 90 days' worth of dividends, whether earned or unearned, which could reduce the principal balance of the Certificate.
**The minimum balance to earn the advertised APY is $25,000 for a 6-month term at the higher rate and $500 for all other Certificate terms.
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Share Certificates Why United Texas
- Fixed interest rates
- Funds insured up to $250,000
- No maximum investment caps
- Initial deposit of $500 required
- Terms between 6 and 60 months
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Share Certificates How it Works
Opening a Share Certificate with us is fast and simple.
Give us a call, contact us online, or come into any one of our branches.
Join United Texas Credit Union. All you need to do to become a member is to open a $5.00 minimum savings account.
Open your Share Certificate account. You will need to make a minimum deposit of $500. ($25,000 for a 9 or 15-month Share Certificate)
Start earning great interest rates!
Related Products & Services
Certificates are available for terms from 6 to 60 months. Dividend Rate and Annual Percentage Yield (APY) may vary depending on length of term.
A penalty will be imposed for early withdrawal. A withdrawal of all or any portion of the principal prior to maturity will cause automatic termination of the Certificate Account. For a Certificate with a term of one year or less, the penalty will be equal to 90 days worth of dividends, whether earned or unearned, which could reduce the principal balance of the Certificate. For a Certificate with a term exceeding one year, the penalty will be equal to 180 days worth of dividends, whether earned or unearned, which could reduce the principal balance of the Certificate.