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What is a share certificate?

Certificates provide a safe and secure way to save and grow your money.

How does a share certificate work? A share certificate works similar to a savings account. You deposit money and collect dividends, but you have a set opening deposit and need to keep the money in the account for a specified amount of time. Share certificates often earn a higher rate than savings accounts.

  • Choose from three, six, 12, 18, 24, 36, 48 and 60-month terms.
  • Minimum balance as low as $500.
  • Competitive rates with dividends paid monthly.
  • Jumbo rates available for balances of $100,000 or more.
  • Open a certificate online from six, 12, 24, 36, 48 and 60-month terms. For all other certificates, please visit any Interra office.

What is a share certificate?

A share certificate is a secure way to save and grow your money. It guarantees a specified dividend rate over a set period of time.

Is a share certificate the same as a CD?

The only difference between a share certificate and a CD is that a share certificate is issued by a credit union rather than a bank.

Should I get a share certificate?

Share certificates are an excellent way to earn extra money without having to do much work. It is also low risk.

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What Makes a Credit Union Different?

Interra Credit Union is a member-owned, not-for-profit financial cooperative (also called a co-op). This means that our members pool their savings, borrow, and obtain related financial services together. Members are therefore united by a common bond and democratically operate the credit union.

1APY (Annual Percentage Yield) effective March 4, 2020. Limited time offer only. Rates and terms subject to change without notice. 3-month penalty for early withdrawal. Fees could reduce earnings on this account. At maturity, share certificate automatically renews at then 6-month share certificate dividend rate. Dividend will compound and be credited to account monthly.