What Are STCS ? - Deepstash

What Are STCS ?

  • STCs stand for Share certificates
  • Fixed-rate term savings account
  • Another way to save
  • Issued only by credit unions, whereas CDs are only issued through banks

Pros:

  1. They are safe (low-risk), offer guaranteed returns, and are ideal for long-term savings.
  2. When you open a share certificate through a bank, you don't have to worry about losing your principal.
  3. Have higher interest rates than traditional savings accounts and are a safe place to keep your money. 

Cons:

  1. May pay a penalty to access funds before the certificate matures, and there are better options for long-term investing.

Pros > Cons

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Smart girl with a big heart. I talk about finances, personal growth, and the real stuff. Let’s win! I ♥️ Humanity 🤝🏾🫱🏾‍🫲🏻🫱🏾‍🫲🏽🫱🏾‍🫲🏿 🌎

Want to know how the rich get richer during inflation? This read includes insight on the strategies and investments of the wealthy vs the impoverished. Lastly, learn a little about U.S. security debts and the benefits of inflation.

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