Earn a great rate on your money

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.

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.