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Share Certificates Vs. Certificates Of Deposit (CDs): Which One Will Make Your Savings Work Harder?

May 30, 2024

Confused young woman in a yellow shirt stands against a pink background while holding a pink phone. She is confused about the difference between share certificates and certificates of deposit and is unsure which is the best option for her to grow her savings.

Thinking about growing your hard-earned cash but confused by terms like “share certificate” and “certificate of deposit” (CD)? Both offer ways to boost your savings, but there are key differences to consider. Here at Fibre Federal Credit Union, we want to make sure you choose the right option for your financial goals. So, let’s break down Share Certificates vs. CDs, highlighting why a Credit Union Share Certificate might be the perfect fit for you.


Certificates of Deposit (CDs)

Offered by traditional banks, CDs lock away your money for a set period in exchange for a guaranteed interest rate. While secure, CDs often come with penalties for early withdrawal.

Credit Union Share Certificates

Similar to CDs, Fibre Federal’s Share Certificates offer competitive rates and terms. But, there’s a key difference! As a member-owned cooperative, Fibre FCU pays dividends on Share Certificates, which have the potential to yield higher returns than traditional bank CDs. Additionally, Fibre Federal may offer more flexible terms with lower early withdrawal penalties compared to some CDs.


  • Maximize Your Earnings: Gain potentially higher returns on your savings with Fibre Federal’s competitive Share Certificate rates and dividends compared to traditional bank CDs.
  • Flexible Options: Choose a Share Certificate term that aligns with your savings goals, from 6 to 60 months. Plus, Fibre FCU may offer more flexibility regarding early withdrawals than some CDs.
  • The Member-Owner Advantage: Fibre Federal prioritizes your financial well-being because you’re not just a customer, you’re a member-owner! You have a say in how the credit union operates.
  • Security and Peace of Mind: Your deposits are federally insured by the National Credit Union Share Insurance Fund (NCUSIF) up to $250,000.


In conclusion, while both Share Certificates and CDs offer a path to grow your savings, Fibre Federal Credit Union’s Share Certificates provide distinct advantages. With potentially higher returns through dividends, flexible terms, and the member-owned cooperative spirit, Fibre FCU positions you for financial success. Take control of your savings journey and unlock your earning potential. Open a Fibre Share Certificate today! Contact us, visit a financial services center, or quickly and easily open your Share Certificate account online

Let Fibre Federal Credit Union be your partner in achieving your financial goals. With us, your savings are secure and have the potential to grow faster.

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