A certificate of deposit (or share certificate) is a short- or medium-term, interest-bearing, NCUA-insured debt instrument offered by credit unions. A CD/share certificate typically offers a higher rate of interest than a regular savings or checking account. CDs/share certificates can't lose their value and are insured up to $250,000. Investors searching for low-risk investments that can easily be converted into cash should consider a CD/share certificate.

NCUA: National Credit Union Administration.

For more information about CDs/share certificates offered by Connection, please select the link below.

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