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