Share certificates: a safe way to save and grow your money

Learn about certificates and how they can fit your needs

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If you have a bit of extra cash that you wish to save and grow steadily, a share certificate is a safe investment that can help you reach your goals.

A share certificate – the credit union equivalent to a bank’s certificate of deposit or certificate – is a type of savings account with a fixed annual percentage yield (APY) for a fixed period of time. The APY on a share certificate is usually higher than that of a regular savings account, but you will be required to leave the deposited amount a period of time before you have access to it again. They are a great way to save for projects down the road.

Everence Federal Credit Union is running THREE special promotions on share certificates. For a limited time:

  1. Get a 7-month certificate at 4.25% APY1. This offer is available for new deposits only, and funds cannot be transferred from an existing Everence account.
  2. Get an 11-month certificate locked in at 4.20% APY1. Similar to the 11-month certificate, this offer is available for new deposits only and cannot be transferred from an existing Everence account.
  3. Get a 15-month certificate locked in at 3.90% APY1. Members can transfer funds from an existing Everence account for this certificate.

Want to know if a share certificate is right for you? Consider the following:

Higher APYs
Share certificates usually offer a higher APY, but you will be required to keep your money in the account for the period of time you agree to.

Fixed rates
While the APY of regular savings accounts can change from time to time, a share certificate locks the APY at the time of opening. This means that if you lock a higher APY, it will remain the same amount for the duration of your share certificate account terms. While there are withdrawal penalties for removing your money from a certificate before the stipulated date, paying the penalty could be worth it if you are reinvesting it at a higher rate.

Choose your term
You can set the amount of time you want your certificate to last, from as little as three months to several years if you prefer. Because all the terms are set when you open a certificate, you’ll know how much will be paid out at the end.

A safe investment
When you open a share certificate, you not only get a fixed APY, but funds of up to $250,000 are fully insured against loss.

About the Author


Sharon Hernandez, Editorial Content Specialist
Sharon Hernandez
Editorial Content Specialist

A safe investment

When you open a share certificate, you not only get a fixed APY, but funds of up to $250,000 are fully insured against loss.

Interested in opening a certificate or want to learn more? See our current certificate rates online and reach out to your local office or check out our certificates page for more information.

Disclosure

Rates current as of August 1, 2025.

1Annual Percentage Yield (APY) current as of 8/1/2025 and subject to change. APY applies throughout maturity. A 7-month certificate promo auto-renews at the current rate and term for a 6-month certificate. The 11 month and 15 month certificate promos auto-renew at the current rate and term for a 12-month certificate. Minimum deposit of $500 required, maximum deposit per certificate of $250,000. A maximum of three (3) special certificates (any term) may be opened per Tax ID. 7-month and 11-month special certificates must be funded with new money that is not currently on deposit with Everence as of 7/1/2025. 15-month special has no new money requirement. Penalty for early withdrawal. Fees may reduce earnings. Compounding quarterly. Funds must remain on deposit for life of the certificate to receive stated APY. Offer is subject to change without notice.

Everence Federal Credit Union is federally insured by NCUA.