What is a certificate-secured loan?

A certificate-secured loan is a loan that is secured by the money in your certificate account. If you are unable to make your loan payments, the lender may take the money from your certificate account to cover the amount you still owe on your loan.

When you use your Certificate Account as security for a loan, you continue to earn dividends. And because secured loans usually offer better rates than unsecured loans, you will typically get a better loan rate as well.