Certificates

High dividend, low commitment saving.

Why should you open a Certificate Account?

One step on the path to financial success is understanding how to save your money and the best ways to do so.

Build Your Emergency Fund

Are you prepared to cover an unexpected expense? According to CNBC, some 56% of Americans are unable to cover an unexpected $1,000 bill with savings.

An emergency saving is usually defined as 3-6 months’ worth of living expenses for the purpose of covering unforeseen situations like medical emergencies or car repairs.

Certificate Accounts are a great way to start building an emergency savings because of their high dividend rates and because the funds are inaccessible for a set term, so you won’t have the temptation to spend it.

If you think you might need the money sooner rather than later, choose a certificate that better suits your time frame. Share certificates may be part of your long-term savings strategy, but with terms from 3 to 60 months, you can access funds in the short term too.

Low-Risk Investment

Unlike stocks or other volatile investments, share certificate rates are fixed throughout the term. The U.S. Securities and Exchange Commission considers them one of the safest investments to make. You also don’t risk losing what you invest and the dividends earned on a certificate are yours to keep. Additionally, certificate accounts at WEOKIE are federally insured by the NCUA.