Ready to grow your savings without the uncertainty of market fluctuations? Share Certificates, also known as Certificates of Deposit (CDs), offer a safe, predictable way to watch your money grow. Certificates are a smart choice if you want guaranteed returns and peace of mind.

What Are Share Certificates and How Do They Work?

A share certificate is the same as a certificate of deposit but offered by a credit union. You commit to leaving your money in the account for the length of the term, and in return, you earn a guaranteed return.

Unlike a regular savings account, share certificates offer higher rates in exchange for your commitment to a fixed term. Unlike the unpredictability of the stock market, share certificates are stable and provide predictable returns. You know exactly what your savings will earn, without worrying about fluctuations.

Offering better rates than traditional savings accounts, share certificates help you save for long-term goals with guaranteed growth and federally insured protection up to $250,000.*

Why Choose a Share Certificate Over a Traditional Savings Account?

When you open a share certificate with a credit union, you’ll likely get a better rate than at a traditional bank. Credit unions are not-for-profit institutions that pass savings onto members through higher rates and lower fees. Choosing a share certificate at Frontwave means more than just great rates—it comes with exclusive Frontwave membership benefits designed to help you save and grow your money:

• Higher Interest Rates: Credit unions typically offer better rates than banks, thanks to their not-for-profit model.
• Better Service: Credit unions focus on members, not shareholders, meaning lower fees and better rates for you.
• Federally Insured: Like banks, share certificates are federally insured by the NCUA up to $250,000, keeping your money safe.

Our Share Certificate Options: Tailored to Your Needs

Whether you have a lump sum to invest or want to save over time, we offer two types of share certificates designed to help you reach your savings goals.

Share Certificates (Traditional)

Best for those with a lump sum to invest and a longer-term savings strategy.

• Starting Deposit: $1,000
• Terms: 6 months to 5 years
• How It Works: Lock in a fixed interest rate and earn guaranteed returns over time. Dividends are paid monthly. You can withdraw dividends anytime, but early deposit withdrawals may be penalized.
• After Maturity: Once the term ends, withdraw your money without penalty or automatically renew your certificate at current rates.

Saver Certificates (Flexible Contributions)

Frontwave Saver Certificates are perfect if you want to save steadily over time with a low initial investment.

• Starting Deposit: As little as $100
• Terms: 6 months, 1 year, 2 years, or 3 years
• How It Works: Start with a small deposit and contribute $10–$500 monthly. Like share certificates, dividends are paid monthly and can be withdrawn. Early withdrawal of your initial deposit may result in a penalty.
• Special Military Offer: Active-duty and retired military members can take advantage of special Military Saver Certificates.

The Benefits of Share Certificates for All Ages

Share certificates are not just for long-term savers. They’re also a great way for teens and young adults to learn how to save and invest. By understanding how share certificates work, they can prepare for more advanced financial strategies later on. For anyone new to managing money, share certificates are an easy, low-risk way to grow savings and start learning about investment fundamentals.

Is there a catch? While share certificates are a safe way to grow your savings, there are some important things to consider:

• Early Withdrawal Penalties: Share certificates are designed for those who don’t need immediate access to their funds. You may face a penalty if you withdraw your money before the term ends.
• Fixed Returns: Once you lock in a rate, that’s the rate you’ll earn for the entire term. If interest rates rise, you may miss out on higher returns, but the stability of fixed returns makes certificates a reliable option for long-term saving.

Ready to Start Saving Smarter?

Share certificates are the way to go if you want guaranteed returns and peace of mind. Whether you're building savings for the future or simply want to secure your financial future, share certificates provide predictable growth with minimal risk.

Don’t wait. Rates can change!

• Have online banking? Login to Online Banking or the Frontwave Mobile App. Then click on “Quick Apply” in the “More” menu, and select “Add Account.”
• New to Frontwave? Choose what works best for you! Open an account online, stop by your local Frontwave branch, call us at 800.736.4500, or book an appointment with us.