Savings & Investments
A share savings account is a basic account at a Credit Union. These accounts pay interest on your savings, providing a safe place for you to store cash. Opening a share account establishes your membership (or ownership) in the credit union, and makes you eligible to use other products like loans, checking accounts and more.
Whether you just need to place a stash of cash short term or you're looking for long-term investment vehicles, your Credit Union has what you need.
All share certificates earn dividends and are on a fixed "term", which is the number of months or years it will take to reach maturity. During that term, you typically can not take your money out - at least not without paying significantly for the privilege.
Share certificates from your Credit Union are an excellent investment opportunity if you do not need immediate access to your funds and want to invest for longer periods to obtain higher rates of return.