A high-earning account, an E&G Share Certificate works like a certificate of deposit (CD) at other financial institutions. You’ll earn an excellent dividend with just a $500 minimum deposit.
Decide on the amount you want to invest and for how long. With a Share Certificate, funds will stay on deposit for the time period you choose — also called a certificate term. Terms range from six to 36 months, and the longer the term, the higher dividend you’ll earn.
Depending upon your individual needs, you can select a term that works for you.
Dividends are compounded and paid monthly, with earnings rolling into your certificate amount. If an emergency arises, you can access the funds but with a 10% penalty on the early withdrawal.
Accounts are federally insured for up to $250,000 per account by the NCUA, with an additional $250,000 for your IRA.
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