What's the difference between a Share Certificate and a Certificate of Deposit (CD)?
In short, not a lot!
Share Certificates are available at credit unions and Certificates of Deposit (CDs) are available at banks. They do the same thing! Both help you grow your money at a fixed rate for a pre-determined length of time, at a rate MUCH higher than traditional savings accounts.
A Share Certificate is a low-risk way to watch your money grow when you don't need immediate access to your funds.
First Northern Credit Union offers Share Certificates, Traditional IRA Share Certificates, Roth IRA Share Certificates, and Coverdell ESA Share Certificates.
OPEN Now What's the difference between a Share Certificate & a CD?
Share Certificates $2,500 - $24,999.99
Term |
APY* |
6 months |
1.30% |
12 months |
1.45% |
15 months (new money only. Click here for details.) |
4.70% |
18 months |
1.50% |
24 months |
1.50% |
30 months (new money only. Click here for details.) |
4.25% |
36 months |
2.25% |
60 months |
2.50% |
Share Certificates $25,000 - $49,999.99
Term |
APY* |
6 months |
1.60% |
12 months |
1.85% |
15 months (new money only. Click here for details.) |
4.70% |
18 months |
1.95% |
24 months |
2.00% |
30 months (new money only. Click here for details.) |
4.25% |
36 months |
2.50% |
60 months |
3.00% |
Share Certificates $50,000+
Term |
APY* |
6 months |
1.75% |
12 months |
2.00% |
15 months (new money only. Click here for details.) |
4.70% |
18 months |
2.10% |
24 months |
2.50% |
30 months (new money only. Click here for details.) |
4.25% |
36 months |
3.00% |
60 months |
3.50% |
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