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In this video, Chris Peach from One Easy Credit Union explains credit union share certificates, a type of savings account that offers fixed dividends or interest rates in exchange for keeping your money deposited for a set term, typically ranging from three months to five years. This commitment allows account holders to earn significantly higher interest rates compared to traditional savings accounts. The concept is similar to certificates of deposit (CDs), with the main distinction being the institution providing the account. Share certificates are an attractive option for those looking to save with high rewards and minimal risk.