Credit Union CDs - Term Share Accounts

A term share certificate is a credit union’s version of a CD. You deposit a minimum amount of money for a set period and earn interest.

The time during which you invest your money can vary from 6 to 60 months. This flexibility lets you choose a term that fits your financial goals and timeline.

Open a term share certificate today and experience reliable financial growth on your terms.

Open AccountSee Rates

Benefits of Bowater Term Share Accounts

Grow your savings and achieve your financial goals with our term share accounts. Take advantage of the following benefits:

Competitive Rates

Boost your savings with higher interest rates— peace of mind included!

Fixed Returns

Enjoy the security of a locked-in rate that won’t change during the term.

Flexible Terms

Choose the length of your CD based on your financial goals.

Federally Insured

The NCUA provides insurance of up to $250,000 per account.

Everything to Know About Our Term Share Account:

Our term share accounts provide a straightforward way to grow your hard-earned money over time.
Save up for future needs or accumulate funds for long-term goals.

Key features include:

  • Terms from 6 to 60 months
  • Low $500 minimum deposit
  • No fees except potential early withdrawal penalties
  • Interest rates higher than regular savings
  • Federal insurance up to $250,000 by the NCUA
  • Funds remain in the account for the full chosen term
  • Automatic renewal at maturity or option to withdraw without penalty
A retired couple smiling as they check the progress of their term share account on their laptop.

How to Open a Term Share Account



Visit a branch to start your Term Share Account application.


Add Fund

Deposit at least $500 to open a Term Share Account.


Start Saving!

Kick your feet up and relax as you watch your money steadily grow over time!


“Amy Rackl is always very helpful and always goes the extra mile for her clients. I really appreciate her professionalism. She follows through with what she says she is going to do! Everyone at Bowater is always very nice as well :-).”

– Austin C., Calhoun, TN

FAQ About Term Share Accounts

Q: How does a term share certificate account differ from a certificate of deposit?

A: A term share certificate allows you to earn money at a fixed rate for a set time, much like a certificate of deposit (CD). But you hold a term share at a credit union rather than a bank.

Q: What is the interest rate paid on term share accounts?

A: You can find our rates here. The interest rate for term share accounts is often expressed using the term “annual percentage yield” (APY). This refers to the annual percentage growth your money can achieve, assuming the interest remains in the account.

Q: Can I withdraw funds before my term ends?

A: You can withdraw funds before expiration but may need to pay a penalty. Typically, the penalty consists of 3 months of interest on the withdrawn amount.

Q: What happens after the term share account matures?

A: At maturity, term share accounts automatically roll into a new equal term unless you withdraw them.

Q: When will Bowater Credit Union pay interest on my credit union CD?

A: We calculate interest monthly and pay it at the end of your selected term length. This payment schedule provides higher returns than a traditional savings account.

Other Quality Checking Options

Premium Checking

Put your money to work for you and enjoy higher rates and no monthly fee with a minimum $500 balance.

Gold Checking

Enjoy golden freedom with our free 50+ senior checking account. No minimums, free services, and a chance to win $500 in the annual draw!

DBA Checking Account

Unleash small business success with no minimums, free services, interest earnings, and unlimited check writing!