Since your money is insured by NCUA up to $250,000, the only risk you are assuming is the potential of foregoing a higher rate of return if interest rates increase.  When money is placed into a fixed rate Certificate, it's locked in a particular rate of return until maturity. Typically, the longer it takes for the Certificate to reach maturity, the higher the dividend rate paid, because you are assuming risk by being locked into a certain rate over a longer time.

For example, suppose you purchase a three-year certificate paying 3 percent interest, the prevailing market interest rate for certificates of similar maturity.  But suppose the interest rate crept up to 4 percent after you purchased the Certificate.  Your Certificate would be paying less than the newly issued Certificates now paying 4 percent.  However, on the other side of the coin, if rates went down to 2%, your investment would continue to pay 3%.
For more information on our Certificates select the link below or to purchase a Certificate from Progressions, please Contact Us today!