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Chris Peach from Money Peach explains credit union share certificates, a type of savings account that offers a fixed dividend rate in exchange for committing your money for a set term, which can range from three months to five years. Share certificates typically provide higher dividend rates than traditional savings accounts due to this commitment. Many may wonder if share certificates are similar to certificates of deposit (CDs); indeed, they are nearly identical, with the primary difference being the institution that offers them. This investment option presents a high reward with minimal risk, making it an appealing choice for savers.