Forget generic plastic, go wild! Nicknames, teams, or just a sprinkle of you – personalize your Altura cards with a second line and make them truly yours.
Rake In The Savings with our 9 Month Term Share Certificate at 4.65% APY*. Take advantage of this special rate!
Learn more here.
Share certificates are similar to certificates of deposit (CDs) except they are exclusively offered by credit unions. They are low-risk, and you don’t need much money to start investing. Altura offers two main types.
They are actually the same kind of investment. The difference is that a bank can issue CDs, while only a credit union can offer share certificates. Because of this, these investments are also insured by different organizations. While certificates of deposit are insured by the Federal Deposit Insurance Corporation (FDIC), share certificates are insured by the National Credit Union Share Insurance Fund (NCUSIF).
Share certificates, just like any kind of investment, do carry some risk to the investor. However, they are very safe and, thus, they are usually considered one of the best investments you can make. They are insured by the National Credit Union Share Insurance Fund for up to $250,000.
Once your money is in a share certificate, you are committing not to use it for the length of your term. Thus, if you decide you want to withdraw your investment early, you will be penalized. The price of your penalty will depend on the length of the term.
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Early withdrawal penalties may apply. Fees may reduce earnings. See the Schedule of Fees for details. A one-time membership fee applies for non-members.