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Open a share certificate

Share certificates offer a secure opportunity to grow your money. We provide a range of options for you to choose from. 

Open a share certificate

  1. Sign into Digital Banking 

  2. Under Account Services, select Open Deposit Accounts. 

  3. Select the type of share certificate that you would like to open. 

  4. Follow the steps to open an account. 

Share certificate FAQs

Unlike what its name may imply, a share certificate has nothing to do with the stock market. At a credit union, a share is another term for deposits, since each member owns a share of the credit union. A share certificate is a type of savings account that offers a fixed dividend rate for specific terms. UNFCU offers terms ranging from three to 60 months. Share certificates typically offer higher dividend rates than traditional savings accounts. To earn the full dividend, you must keep your money in the account for the complete term of the certificate.

Share certificate dividends are compounded daily and credited monthly. You can withdraw all or a portion of the dividends earned each month without penalty.

Share certificates are very secure. You can earn a guaranteed rate of return and your money is insured up to $250,000.

The Simple Saver share certificate is the only share certificate that allows you to make deposits anytime during its 24-month term.

All UNFCU members enrolled in Digital Banking can open a Simple Saver share certificate. With Digital Banking, you can easily transfer money into the account whenever you like. Each member can have one Simple Saver share certificate, and the total balance at maturity cannot exceed $10,000.

You may have one joint account holder on your UNFCU share certificate account.

Early withdrawal penalties apply to the principal balance of your certificate. You can still withdraw earnings accrued on your account each month without penalty. 

View our fees and service charges for specific penalties based on the term of your certificate. 

For certificates closed within the first six days of funding, the early withdrawal penalty is seven days of simple dividends. This means we will calculate the dividends based only on the principal deposit amount. 

The penalties will be waived if:

  • Your share certificate has a term of 18 months or less, and 
  • You use the money for a new home financed by UNFCU. 

This waiver applies to share certificates that have been open and funded for at least six days. 

If you believe you qualify to have your fees waived, please contact us for assistance.

You may deposit dividends into another account that you own. If you are looking to transfer dividends to an account that is not yours, please contact us.

No, you cannot change the term of your certificate during its initial term. However, at maturity, UNFCU share certificates have a 10-day grace period, during which you may change the term.

Yes, your share certificate can be used as collateral for a UNFCU secured loan. You will earn dividends on the total balance in your account, including the amount being used as collateral. 

You will not have access to the amount being used as collateral until you repay the loan.

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