Share Certificate Guide: Grow Your Savings Safely with Raiz

If you’re looking for a safe, simple way to grow your money, a Share Certificate might be the perfect fit. This guide will walk you through what it is, why it’s helpful, and how you can use it to boost your savings with confidence.

What is a Share Certificate?

A Share Certificate is a secure savings tool offered by credit unions, like Raiz Federal Credit Union. It works similarly to a traditional savings account; however, it typically offers higher dividends and guaranteed growth. When you open a Share Certificate, you will need to choose which term, rate*, and minimum deposit amount is right for you.

Because Share Certificates come with a locked term, your funds must remain in the certificate until the maturity date. While you can withdraw early, doing so may incur a penalty fee*.

These factors will help determine how much money you will receive at the end of your certificate’s term. Try our Share Certificate Calculator to find out how much your savings can grow over time.

At Raiz Federal Credit Union, your funds are federally insured by the NCUA up to $250,000, so you can grow your savings without taking on unnecessary risk. Share Certificates are especially helpful if you are saving for a specific goal or simply want a low-maintenance way to increase your savings.

Why Open a Share Certificate with Raiz?

Earn More

Share Certificates typically offer higher dividends than standard savings accounts. As a result, your money earns more without any added effort.

Safe and Secure

Your deposits are federally insured by the NCUA, which means you can save with confidence knowing your funds are protected.

Flexible Terms

Whether you need a short-term boost or a long-term growth plan, you can choose a term that aligns with your goals.

Save for Your Goals

A Share Certificate can support a variety of goals, such as saving for a trip, planning upcoming home expenses, or preparing for the new year.

 Who Should Consider a Share Certificate?

You might benefit from a Share Certificate if you:

• Have savings you won’t need right away
• Want higher earnings with low-risk
• Are planning for short-term or long-term financial goals
• Prefer federally insured and predictable growth

Share Certificates can complement your broader savings strategy, especially when used alongside Raiz accounts.

Tips to Make the Most of Your Share Certificate

To ensure your Share Certificate supports your goals effectively, consider the following tips:

1. Match your term to your timeline – Longer terms often earn higher dividends; however, shorter terms may offer more flexibility.
2. Use certificates as part of a balanced strategy – Combine Share Certificates with your checking or savings accounts for stable, well-rounded growth.
3. Try laddering – By opening multiple certificates with staggered maturities, you can balance higher earnings with regular access to your funds.

Ready to Get Started?

Take control of your financial goals and give yourself a strong start heading into the new year.

Start saving today!

*Rates are subject to change at any time without notice. Share certificate dividends are paid and compounded monthly. We may impose a penalty if you withdraw any of the principal before the maturity date. The early withdrawal penalty amount is based on the terms of your account.