23-Month Certificate Offer is One Sweet Deal

Are you looking for ways to manage your long-term finances other than for retirement?

There are several choices available to you. For a low-risk, straightforward savings approach, a certificate is a good choice. There are two pieces of information that should be considered when deciding if a certificate is right for you.

The money timeline

When will you need part or all of your cash? Do you have other cash resources to access in a pinch? If you have a sum of money and don’t expect you’ll need to use it for six months or longer, a certificate may be ideal.

Interest rates

The anticipated direction of interest rates will help you determine how long to tie up your money. When you’re ready, shop around for the best rate, which is known as the Annual Percent Yield or APY. The APY can vary greatly, depending on the financial institution.

Certificates are a great way to invest with low risk. Certificates give back the initial deposit plus the interest or dividend you’ve earned for the term. It’s an excellent way to put money away and earn interest for long-term goals, which may include a down payment for a home or a car.

Pros:

  • Among the safest investment
  • Low-risk
  • Better rate than a savings account
  • Easy to apply

Cons:

  • Locks money in for the term, making it unavailable
  • Relatively low-return, compared to more high-risk options
  • All gains are taxable as income unless they are in a tax-deferred (IRA) or tax-free (Roth IRA) account.*

Ready to save? Open a certificate today! Travis Credit Union is a local credit union that offers some of the best interest rates for our certificates.

Right now, we have a sweet deal for our 23-month Certificate. With a 2.00% APY and a minimum deposit of $1,000 in money not currently on deposit at Travis, this could be a great way to earn a little extra on your investment!

Hurry! Don't let one of the best certificate rates available melt away.

 

Open an Account

Travis Credit Union

Give us a call at
(707) 449-4000


*APY = Annual Percentage Yield. Minimum Initial Deposit $1,000; only New Money qualifies for the Promotional Rate (New Money is defined as funds not currently on deposit with Travis Credit Union). APY for a 23 month certificate is accurate as of May 29, 2018 and assumes principal and dividends will remain on deposit until maturity. Dividends compound monthly. Withdrawals may reduce earnings. Certificate will automatically renew on the maturity date at the standard 24-month term and dividend rate. Penalty for early withdrawal. We reserve the right to change or discontinue this program at any time. Rates and terms are subject to change without notice.