Share Certificates from SunWest Federal Credit Union (Phoenix, AZ)

Share Certificate

If you’re looking for an opportunity to make more with your money but aren’t interested in the risk that normally comes with investment, a SunWest Share Certificate may be the perfect solution for you. These offer the highest dividend rates and are a great option for long-term saving that avoids the risk of stocks and other investments.

What is a Share Certificate?

A Share Certificate is a commitment to keep money on deposit for a specific, pre-determined period or term. In exchange, it earns dividends that can rival other investments like stocks. Additionally, a Share Certificate account is unique in that it requires the funds to be on deposit for a specified amount of time.

How do dividends help your Share Certificate grow?

Dividend rates for Share Certificates are written in both rate—or the amount of dividends you will be paid per year as the owner of the Share Certificate—and Annual Percentage Yield (APY). However, since dividends are paid multiple times a year, the actual percentage return you receive will be slightly higher than the advertised rate. That slightly higher amount is the APY.

When committing a large amount of money to Share Certificates, one option is to create a Share Certificate ladder. Instead of committing the entire amount to one Share Certificate, the sum can be divided among multiple Share Certificates—each with different maturity dates. While this strategy slightly decreases the overall dividends earned, portions of the total sum become available for reinvestment throughout the life of the ladder.

Example: You have $3,000 to commit to Share Certificate. An alternative to placing the entire amount into one Share Certificate is to divide the amount between three certificates:

  • $1,000 in a 12-month Share Certificate
  • $1,000 in a 24-month Share Certificate
  • $1,000 in a 36-month Share Certificate

When the first certificate matures, you have the option to withdraw the money, roll it over to another 12-month Share Certificate or reinvest it in a new 36-month certificate thereby keeping the Share Certificate ladder fully funded. A Share Certificate ladder can have almost any total balance.

Is a Share Certificate right for you?

A Share Certificate is the perfect option for those who want to grow their savings without taking on risk. Prior to investing, it is a good idea to ensure that you can do without the money for the duration of the term. It is possible to close a Share Certificate before the maturity date, but a penalty will be assessed*.

What are the key features of a Share Certificate with SunWest?

Some of the key features include:

  • No monthly service fee
  • A minimum deposit as low as $500.00
  • Competitive dividend rates that remain fixed for the entire term
  • Terms as short as six months to as long as five years
  • There is no limit to the number of Share Certificates you may own

A Share Certificate can be opened at any at any SunWest branch.

*See a representative or Share Certificate agreement for complete details.

Account Comparison Chart

Account Details Share AccountMoney Market

Share Certificate


Saving Strategy 

Best for short-term

Best for mid-term

Best for long-term

Best for post-career

Ease of Access

Easiest Easy with planning Limited Limited


Lowest Medium High Highest long-term

Key Advantage

Includes part-ownership

Best return based on access level

Highest dividend with range of terms

Tax advantages, best for retirement

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