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Give Your Savings A Boost: Discover the Benefits of Saving with a Share Certificate

Published: April 28, 2023

Give Your Savings A Boost: Discover the Benefits of Saving with a Share Certificate

What are the Benefits of Share Certificates?

1. Guaranteed Rate of Return

Conventional wisdom suggests that there’s no such thing as a sure thing. But in the world of investments, share certificates are as close as you can get. Before you invest your money in a share certificate, you choose the amount, term, and rate. Once you deposit the funds, the deal is set. As long as you don’t withdraw your money before the agreed-upon term, you can count on receiving the full dividend when your certificate matures.

2. Multiple Term Options

Share certificates at USSFCU offer terms ranging from 3 to 60 months. When you agree to a specific term, you essentially give up the ability to access that money for a set period. In exchange, the credit union guarantees a dividend rate that is usually higher than what you can get from a basic savings account. In most cases, the longer your term, the higher your return on investment.

3. Low Deposit Requirements

While many investment products or accounts require substantial initial deposits, share certificates at USSFCU can be opened with as little as $1,000. By offering a more accessible point of entry, share certificates stand out as an excellent option for new investors who may not be able to commit large amounts of money to their initial investments. Additionally, seasoned stockholders can use share certificates to diversify and stabilize more aggressive investment strategies.

4. Federally Insured

When you place your money in a share certificate, you can rest assured that your money is safe. In fact, the US government guarantees it. Just like the Federal Deposit Insurance Corporation (FDIC) insures CDs from banks, the National Credit Union Administration (NCUA) insures share certificates for up to $250,000. Since share certificates are backed by the full faith and credit of the United States government, you can make your investment with confidence.

Saving for the future is a good idea for anyone, but everyone’s goals and needs are different. USSFCU share certificates come with a variety of different terms and features. With a diversified strategy, you can balance earnings and flexibility in a way that makes sense for you.

Explore Our Suite of Certificates

TRAD

Avoid the ups and downs of the market with a traditional certificate. Yields are paying out at record highs.

IRA

Looking for long-term security without the headache of a fluctuating market? Our IRA certificate is the solution.

BUMP

Secure a great rate now with the one-time option to bump it up to an even better rate during the term of your certificate.

BIZ

Our business certificates offer your business secure and stable solutions for both short and long-term goals.

Need a little guidance or would like to open up a certificate now?

800.374.2758  |  [email protected]  |  my.ussfcu.org

 APY = Annual Percentage Yield. The APY assumes dividends will remain on deposit until maturity. The dividend period on your account begins from the date that your account is opened and ends on the maturity date unless renewed. The minimum balance required to open a share certificate is $1,000. You will earn dividends for every day during the period that your account equals or exceeds the minimum daily balance requirement. Early withdrawal penalties may reduce earnings. Changes without penalty are allowed ten days from the maturity date. See Fee Schedule at ussfcu.org/fees for more details.

Membership eligibility is required. All deposits are Federally insured by NCUA up to $250,000.

Article for educational purposes. Written by Spero Financial.

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Members' Voice Testimonials

This credit union is the best, I love the customer service and you can't beat the interest rates. I'm happy to be a member of this great credit union.

- James · Locust Grove, GA

The branch manager introduced herself and was extremely helpful. She stated that if there is anything we ever need to please let her know. Very positive experience!

- Larry · Cumberland, MD

Greta was absolutely amazing - as always. She makes me and my parents feel valued and supported. We are forever grateful. [The Credit Union] has been hugely supportive over many years. And we feel known and cared for.

- Eliza · Washington, DC

Long as I have been with the credit union, I haven't had any problems. I also like the protection on my account.

- Charles · Upper Marlboro, MD

My overall experience at the credit union was exceptional. The staff was hospitable offering water, my service was timely and professional and the office was well lit and clean.

- Denise · Washington, DC

As a member for more than 40 years, i have always had great service from the USSFCU and know that they stand behind their great reputation.

- David · Silver Spring, MD

A top rate Credit Union, [I'm] privileged to be part of! Thank you for all you do for our family! USSFCU Credit Union was able to resolve our financial situation - vehicle, personal loans, customer service/recommendations, within 6 months. We belonged to another credit union for over 20 years, with results not even close to comparison. We switched ...

- Manuel · Bowie, MD

Your people and products are amazing. The recent [online banking] overhaul is phenomenal. [I've] been electronic banking since Tele action phone banking - paying bills with my push button landline decades ago. USSFCU is light years ahead of everyone else in terms of ease of use and client experience!

- Misty · Brookings, OR

I have been a member for more than 30 years. I no longer reside in the DC area but continue to bank with USSFCU because of the ease and the customer service.

- Tamra · Denver, CO

I have been a member for over 50 years, and I have always gotten good service with loans, when I had to have service at a branch, and when I needed to have money sent to me from my savings account. The personnel have always been friendly and treated me with respect.

- John · Fort Washington, MD

I especially appreciate being able to quickly speak with someone (not a robot) and that person has always been knowledgeable and helpful.

- Bernard · Richmond, VA

Excellent customer service streamlined and transparent process. The representatives are efficient, knowledgeable, and understanding of the type of loans offered by Credit Union.

- Erwin · Ellicott City, MD

The USSFCU behaves as a credit union ought to behave. The staff works with and for the members, not for a corporate board. Interest rates for a car loan, a home improvement loan, and a mortgage are low and terms are transparent.

- Ruth · Takoma Park, MD

Staff are courteous and friendly to work with. Very knowledgeable about services and products offered or available. Excellent follow-up with customers.

- Jacquelyn · Sanford, FL

I have appreciated USSFCU services for many years since I left my work on Capitol Hill. I have appreciated the occasional webinars on purchasing a home or retirement planning.

- Jamie · Washington, DC

I have been a member since 2006, and have always appreciated the customer service response to any concern or query. In addition, as I have traveled extensively, USSFCU has provided support and access.

- Kathleen · Ukiah, CA

I've had a credit union account for decades, even though I no longer work on Capitol Hill. I now have two accounts. I've been able to do all of our banking remotely, by app or by phone.

- Richard · Washington, DC

I have been a USSFCU member for almost 20 years. There is nowhere else I want my money to be. I always receive excellent service.

- Nicole · Alexandria, VA

I deeply appreciate the stellar service, the proficiency, the professionalism, and the kindness. I am truly honored and grateful to bank with a financial institution that treats customers like family.

- Angela · Alexandria, VA

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