SHARE CERTIFICATES
Share Certificate Accounts
A Share Certificate is one of the smartest, safest ways to grow your savings. Similar to a certificate of deposit, or CD for short, a Share Certificate allows you to deposit a fixed amount of money for a set period of time and in return, you earn a guaranteed rate of return that’s typically higher than a regular savings account.
At GHS Federal Credit Union, we make Share Certificates even more accessible with:
Low minimum deposit. Open a GHS certificate with as little as $500
Competitive dividend rates that reward your commitment
Flexible term lengths so you can save on your schedule
Share Certificates are a simple, secure way to grow your savings — and with GHS, you’ll enjoy extra perks that make saving even smarter.
Benefits:
Guaranteed Returns
You’ll lock in a fixed rate for the entire term, so you know exactly how much you’ll earn.Higher Dividends
Share Certificates typically offer higher rates than regular savings accounts, especially for longer terms or larger deposits.Low Risk
Your funds are federally insured by the NCUA up to $250,000, making Share Certificates a safe, stable option for savings.
Great for Members who:
Are Saving for a Short-Term Goal
Planning for holiday shopping, a vacation, or tuition in the next 6–12 months? A short-term Share Certificate helps you earn more while keeping that money safe and separate.Have Emergency Funds Already Set Aside
If you already have liquid savings and want to earn more on your extra cash, a Share Certificate is a smart way to grow it without the risk of investing.Want a Low-Stress Way to Build Wealth
Don’t want to worry about market ups and downs? Share Certificates are ideal for conservative savers who prefer guaranteed growth over time.
| Account Type | Min. Avg. Daily Balance | Dividend Rate | APY* |
|---|---|---|---|
| Share Certificate - 3 Month | $500.00 | ||
| Share Certificate - 6 Month | $500.00 | ||
| Share Certificate - 9 Month | $500.00 | ||
| Share Certificate - 12 Month | $500.00 | ||
| Share Certificate - 18 Month | $500.00 | ||
| Share Certificate - 24 Month | $500.00 | ||
| Share Certificate - 30 Month | $500.00 | ||
| Share Certificate - 36 Month | $500.00 | ||
| Share Certificate - 48 Month | $500.00 | ||
| Share Certificate - 60 Month | $500.00 |
Share Certificate FAQ
What is a share certificate?
A Share Certificate is a type of savings account that offers a guaranteed rate of return over a fixed period of time. Think of it like a certificate of deposit (CD), but from a credit union. You agree to leave your money in the account for a set term and in return, you’ll earn higher dividends than a regular savings account.
How is a Share Certificate different from a regular savings account?
Unlike a regular savings account, a Share Certificate typically requires you to keep your money on deposit for a specific term, such as 3 months, 12 months, or longer. Because you’re committing to that time frame, you’ll usually earn a higher interest rate. Just remember, if you withdraw early then there may be a penalty.
Are Share Certificates safe?
Yes. Share Certificates are a safe, low-risk way to grow your savings. At GHS Federal Credit Union, your deposits are federally insured by the NCUA (National Credit Union Administration) up to $250,000. That means your money is protected while it earns steady returns.
*APY = Annual Percentage Yield. Rates are subject to change at any time. For further information about rates, applicable fees and terms, please contact GHS at (800) 732-4447. Early withdrawal penalties may be imposed on Term Share Accounts. Credit Union Membership required with a $1.00 minimum deposit and $1.00 membership fee.
GHS Federal Credit Union may issue certificate of deposits with the following guidelines:
Length of term: 3 months through 60 months
Minimum amounts: $500.00 (Junior Certificates at a minimum of $200.)
Special featured products may require a higher minimum
All certificates will receive monthly interest. A member may choose to have the interest handled in one of the following ways:
Compounded monthly
Paid by check
Transferred to a different GHS FCU account
IRA certificate interest must be compounded or posted to an GHS FCU IRA account.
Interest penalties on early redemption of certificates will be 90 days of interest if the certificate has been opened for less than twelve months, or 180 days of interest if twelve or more months. The fee will be imposed whether or not the interest has been earned. There are certain circumstances, such as death or incompetence of the main certificate owner, where we may waive or reduce this penalty. If the account is part of an IRA or tax qualified plan, see your plan disclosure for additional information.
In order to earn a stated Annual Percentage Yield, or APY, the certificate must compound and interest must accrue in the certificate account.
Certificates will be retained by GHS Federal Credit Union.