Share Certificates (CD Alternative)
You work hard for every dollar that comes in. Your money should return the favor. With a share certificate from River City FCU, it can!
An alternative to a traditional CD, our share certificates are a great way to make your money work harder. With our competitive dividend rates and flexible terms, we can help you turn your savings into a vehicle to fuel your future, whether you're putting away for retirement or a rainy day.
A share certificate is a smart way to ensure that your funds grow unencumbered by market fluctuations and earn you an attractive interest return rate, unheard of with a traditional savings account.
What exactly is a share certificate?
A term share certificate is the credit union alternative to a Certificate of Deposit. It is a low-risk investment account that offers a higher interest rate than a typical savings product. When you open a share certificate, you agree to keep the money in the account for a fixed term, typically anywhere from six months to five years, earning you interest while it's parked. You may withdraw or roll your funds into a new certificate once the term ends.
A Stable Option for Wealth Building
At River City Federal Credit Union, we're dedicated to helping you build long-term wealth for whatever you have in mind for the future. We're proud to offer this smart investment option to help you grow your savings and get the most out of your hard-earned dollars.
Our share certificates offer attractive benefits to our members.
You'll know your rates upfront, and they will stay locked in until your certificate matures. You'll never fret over market volatility with this conservative wealth-building product. Certificates are federally insured for up to $250k, so you can rest easy knowing your savings are protected.
We also offer various investment options, so you can tailor this product to suit your individual needs and comfort level. For as little as $500, you can open a certificate with flexible maturity rates. Higher dividends are available to share certificates with $100k or more.
This is a smart way to earn a predictable return while keeping your money safe, offering peace of mind while making the most of your invested dollars.
Please note the following:
Once opened, you may only make additions after the maturity date stated on the account.
Early withdrawals are subject to dividend penalties based on the qualifying period:
Less than 12 months – 90 days dividends
12 to less than 24 months – 180 days dividends
24 to less than 48 months – 365 days dividends
48 months and greater – 730 days dividends
| Share and IRA Certificate Terms for account balance up to $99,999.991 | Dividend Rate | APY** |
|---|---|---|
| Six months | ||
| 1 year | ||
| 2 years | ||
| 3 years | ||
| 4 years | ||
| 5 years | ||
| Share and IRA Certificate Terms for account balance $100,000.00 plus1 | Dividend Rate | APY* |
| Six months | ||
| 1 year | ||
| 2 years | ||
| 3 years | ||
| 4 years | ||
| 5 years |
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**APY stands for Annual Percentage Yield. Dividend rates are in effect as of August 8, 2023 and subject to change without prior notice.
1Any Share Certificate term and balance tier may be used to establish an Individual Retirement Account Certificate. Minimum balance is $500 for Share Certificates and IRA Certificates. IRA withdrawals before age 59 1/2 years of age are subject to certain IRS penalties.
Need something else?
River City FCU is a member-owned financial cooperative that has been serving the San Antonio community for nearly 90 years. We offer a wide range of services, including checking accounts, savings accounts and loans.
If you're interested in learning more about our term share certificates, please call us at (210)-225-0708 or visit us online at www.rivercityfcu.org.