How do they work?
To open a share certificate, you choose the term, typically 3, 6, or 12-months, or up to 5 years, and make a deposit. Usually, the longer the term, the higher the return (quoted as “dividend rate” and the associated “Annual Percentage
Yield,” which includes the effect of compounding).
You can open our regular share certificates with a minimum of $1,000. Our share certificates compound monthly to form a new balance on which you earn the next month of interest.
Then, you watch your money grow.
At the end of the term, you can withdraw your money, plus the returns or “dividends” you have earned, or you can renew your certificate and keep earning.