What Your Certificate Test Score Means
Find Out What Certificate Is Right For You
If you’re looking for an investment that protects your principle while giving you a higher return than traditional savings accounts, Share Certificates are a smart option. They are NCUSIF insured which means that your money is protected by the US Government up to $250,000. To help you decide whether a short-, medium- or long-term certificate is right for you, compare your test score to the chart below.
SHARE CERTIFICATE CHART
If Your Certificate Test Score is…
Under 70 points:
You need a lot of liquidity, so a certificate may not be right for you. Keep accumulating money in an investment savings account.
70 to 80 points:
You need some liquidity, but you can afford to lock your money in for a short period of time. Choose a short-term certificate that matures in 7 days to 12 months, and match the maturity date to your needs.
85 to 95 points:
You will probably require access to your funds within the next 12 to 24 months. Select a medium-term certificate that matures in 1 to 2 years, and match the maturity date to your needs.
100 points or more:
You can afford to take advantage of the higher interest rates a long-term certificate yields. Consider a certificate that matures in 2 to 10 years, and match the maturity date to your needs.
The above chart is for your information only. Be sure to consult a member service representative before opening a share certificate. ©2014 The Forms Group, All Rights Reserved.