Service Credit Union

A Share Certificate is just the credit union version of a CD ("Certificate of Deposit"). You deposit money up front, then it earns a fixed rate for a pre-specified amount of time. You get all your money back with earnings at the end. The interest rates on Share Certificates or CDs are usually higher than the equivalent savings accounts to compensate you for the lack of flexibility, but if you need to pull your money early you will pay a penalty, often canceling out your interest earned. Service Credit Union has the best rate on their 12-month term. Slightly lower rates available at 6- or 9-month terms.

$250 minimum deposit.

Fixed rate on a 12-month share certificate. Early withdrawal costs a penalty.