Have an expense you want to purchase but don’t feel comfortable emptying your savings for it? A share certificate secured loan is secured by the funds in your share certificate The funds will be “frozen” from use and made available as the loan payments are made. For example, if you borrow US $2,000 from your Savings Certificate, this amount would be “restricted” or “frozen” from use.
- 2% above the rate of certificate
- loan rate may adjust at certificate’s maturity