A share certificate is a federally insured savings account with a fixed dividend rate and a fixed date of maturity. The dividend rates of these accounts tend to be higher than those on savings accounts and there is generally no monthly fee to keep the certificate open.
Aside from the higher dividend rate, share certificates differ from savings accounts in the more limited accessibility of the funds within the account. A typical certificate will not allow you to add any money to the certificate after you’ve made your initial deposit.
Everyone needs a way to kick back and relax, but entertainment can get expensive. Between pricey tickets to movies and sporting events, specialty hobby equipment that costs a bundle, and entertainment services that may seem to charge more than they’re worth, it’s hard to have fun, and stick to your budget, too.