What is a share savings certificate and why is it a good investment?
Like a certificate of deposit offered by banks, a share savings certificate is offered by credit unions and allows you to receive a guaranteed rate of return. In exchange, you agree to keep your money in the certificate without taking a withdrawal for a specified length of time. You'll receive monthly dividends and can easily manage your certificate in Digital Banking. As rates can change at any time, locking in a share savings certificate term could be a smart financial decision!
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|Term||Annual Percentage Yield||Dividend Rate†skip to disclosure||Potential Earnings1skip to disclosure|
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The Share Savings Certificate offers available terms ranging from 3 months to 60 months allowing for easy investing on your terms.
There are no monthly maintenance fees associated with a Share Savings Certificate. And, with available terms ranging from 3 months to 60 months, it’s easy investing on your terms.
There are several options for making deposits into your savings account. You can:
- ACH in initiated from your bank, credit union or PayPal/Venmo type service
- Wire transfer in
- Mail us a personal check, cashier’s check, or bill pay check
- Visit any of our 5,600 shared branching locations or 30,000 fee-free ATMs nationwide.
Must have a DuPage Credit Union membership established and be in good standing.
Share Savings Certificate APY = Annual Percentage Yield. Rates accurate as of 7/24/2023. Rates are subject to change without notice. The APY may change based on current dividend rates at the time of maturity. APY is accurate of the last dividend declaration date. The APY assumes that all funds will remain on deposit until maturity. Dividends are compounded monthly and paid monthly. A minimum investment of $1,000 is required to open. Early withdrawal penalties may apply.
We may impose a penalty if you withdraw funds from your account before the maturity date.
Dividends are compounded monthly and paid monthly. Rates are subject to change.