What is a Share Certificate?
A Share Certificate is a deposit made for a specified time period which may earn a higher rate of dividends than a savings account. A share certificate has a maturity date, a specified fixed dividend rate and can be issued in any denomination of $1,000 or more. If you cash in a certificate before its maturity date, you would pay a penalty. Link to Share Certificates
This answer has been viewed 122421 times.
Related Questions
- What dividend rate do you pay on a Share Certificate?
- Will I earn dividends on my money if I put it into a Roth IRA?