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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 3, 6, 12, 18, 24, 36, 48 and 60-month terms.
  • Minimum balance as low as $500.
  • Competitive rates with dividends paid monthly.
  • Open a certificate online from 6, 12, 24, 36, 48 and 60-month terms. For all other certificates, please visit any Interra office.
  • Hurry! Now offering an 11 month fixed rate or a 22 month Inflation Buster Variable Rate Share Certificate special. See below for details.

11 Month Share Certificate Special

A competitive fixed rate share certificate special available for a limited time.

Qualifications include1,2:

  • A fixed rate during the share certificate 11 month term
  • $500 minimum opening deposit; $5 million maximum deposit
  • See rate here
  • Opening deposit cannot be on deposit at Interra Credit Union
  • Open to consumer, business and public funds
  • Limited time offer

Inflation Buster - Variable Rate Option

With an Inflation Buster Variable Rate Option, you'll see your savings rate increase based on Fed rates. Qualifications include1,3:

  • 22 month term
  • Variable dividend rate APY increases as often as Fed rates increase during term of the certificate
  • Maximum 6.00% APY
  • $500 minimum opening deposit; $5 million maximum deposit
  • One (1) Inflation Buster Share Certificate available per member
  • See Inflation Buster Variable Rate Option rate here
  • Inflation Buster opening deposit cannot be on deposit at Interra Credit Union 
  • Open to consumer, business and public funds
  • Limited time offer

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.

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.

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.

Compare Two Certificates
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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.

1Annual Percentage Yield (APY). Share Certificate Special and Inflation Buster available to all members of Interra, including Public Funds. Minimum to open and earn dividends is $500; maximum is $5 million. New money only to open the share certificate; money from existing Interra accounts will not qualify. Penalties apply for early withdrawals. Fees may reduce earnings. Rates are expressed as an APY and are subject to change without notice. This offer may end at any time without notice. Must have an Interra membership account to purchase share certificates. Membership Qualifications apply. 2Upon maturity, this share certificate will automatically renew at a 12 month term at the then prevailing APY for that term. 3Upon maturity this share certificate will automatically renew at a 24 month term at the then prevailing APY for that term. The variable dividend rate and APY is tied to the high-end of the Federal Fund Targeted Rate as published by Wall Street Journal and will increase the same percentage and as often during the term of the certificate, up to a maximum 6.00% APY.