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In this tutorial, Chris Peach from One Easy Credit Union explains credit union share certificates. A share certificate is a type of savings account that offers a fixed dividend or interest rate in exchange for committing to leave your money saved for a designated period, which typically ranges from three months to five years. This commitment allows you to earn a significantly higher dividend rate compared to a traditional savings account. While share certificates may seem similar to certificates of deposit (CDs), the main distinction lies in the institutions that offer them.