Invest your money the secure way with a share certificate
You’ve worked hard for your money. Your money should work just as hard for you. Our high yield share certificates offer competitive rates which help you earn the safe way.
Open My Certificate Find a BranchLimited time offer:
9 month term up to 5.23% APY**
15 month term up to 5.55% APY**
Earn even more with our limited time special. Open a high yield share certificate online or at your local branch today.
Why choose a share certificate
Earn more for your money
Earn higher rates than traditional savings accounts and even some money markets
Security you can trust
Share certificates are insured by NCUA up to $250,000, additional amounts insured by MSIC
Lock in your earnings
Rates are locked in at opening for the term of the certificate
Enjoy our award-winning service
2022 Winner: Best of Central Mass
Rated 5 Stars by Bauer
2021 Winner: Best of Central Mass
Current share certificate rates
| Type | Rate | APY1 | Min Balance |
|---|---|---|---|
| 3 Month | .75% | .76% | $1,000 |
| 6 Month | .85% | .85% | $1,000 |
| 9 Month Special² | 5.10% | 5.23% | $1,000 |
| 12 Month | 4.90% | 5.02% | $500 |
| 15 Month Special² | 5.40% | 5.55% | $1,000 |
| 24 Month | 1.50% | 1.51% | $500 |
| 36 Month | 1.50% | 1.51% | $500 |
| 48 Month | 1.50% | 1.51% | $500 |
| 60 Month | 1.50% | 1.51% | $500 |
2:Minimum balance to obtain these rates is $1,000 and cannot be transferred from an existing Webster First Federal Credit Union account. Limited time offer.
All rates subject to change without prior notice. Fees may reduce earnings.
FAQs
How does a share certificate work?
When you open a share certificate, your money is held securely for the duration of the term. You’ll earn dividends, which are compounded daily and posted monthly. Dividends can be transferred to another share account or mailed to you without penalty. Certificates are like savings accounts that earn higher rates because you agree to keep your money in the account for the selected term.
What is the difference between a share certificate and a certificate of deposit (CD)?
A share certificate is a similar product to a CD. The major difference is that they pay out dividends whereas CDs pay out interest. See our article Share Certificate vs. Certificate of Deposit (CD): What’s the difference? to learn more.
Can I withdraw before my term is up?
Share certificates help you earn such a high rate since the funds are “locked in” for the term. Early withdrawals may be made if needed, but a penalty will apply. Penalties are as follows:
- Certificates with terms of 1 year or less: 1 month’s dividends
- Certificates with terms of more than 1 year: 3 months’ dividends
What are the requirements to open?
- Must live, work, worship, or attend school in Essex, Middlesex, Suffolk, or Worcester County or be a current Webster First member
- Enrollment in Webster First Federal Credit Union membership required to complete certificate ownership
Learn more about saving with a share certificate
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**APY = Annual Percentage Yield. APY is accurate as of November 15, 2023. Penalty may be imposed for early withdrawal. Fees may reduce earnings. Minimum balance to obtain these rates is $1,000 and cannot be transferred from an existing Webster First Federal Credit Union account. Term of the advertised rates are 9 months and 15 months. Rates subject to change. Limited time offer.