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GPO’s Term Share Certificates are a secure and rewarding way to grow your savings. These products offer mixed terms and rate of return, making them a popular choice for those looking to maximize their earning.

What are Term Share Certificates?

Term share certificates, also known as certificates of deposit (CDs), are savings accounts that require you to deposit a specific amount of money for a fixed period of time, also known as a “term”. At GPO, our certificates come with various term lengths, typically ranging from a few months to several years. During this period, your funds earn interest at a predetermined rate, which is higher than standard savings accounts.

Benefits of Term Share Certificates:

1. Guaranteed Returns: One of the key benefits of term share certificates is the assurance of a fixed return on your investment. Unlike other savings accounts where interest rates can fluctuate, with term share certificates, you lock in a rate for the entire term, providing predictability and stability.
2. Higher Interest Rates: Term share certificates generally offer higher interest rates compared to a regular savings account. This means that your money can grow faster over time, helping you reach your financial goals sooner.
3. Diversification of Savings: By investing in term share certificates, you can diversify your savings portfolio and spread out your risk. This can be particularly beneficial for those looking to balance riskier investments with more secure options.
4. Discourages Impulse Spending: Since term share certificates have a fixed term and may incur penalties for early withdrawal, they can help you resist the temptation to dip into your savings for unnecessary expenses. This structure encourages disciplined saving habits and long-term financial planning.
5. NCUA Insured: GPO’s term share certificates are federally insured by the National Credit Union Administration (NCUA) up to a certain limit, providing an extra layer of security for your funds.

GPO’s term share certificates offer a reliable and lucrative way to grow your savings while minimizing risk. Whether you’re saving for a specific goal or looking to diversify your investment portfolio, term share certificates can be a valuable addition to your financial strategy.

Learn more about GPO's Term Share Certificates here