Thinking about opening a certificate (the credit union equivalent of a bank CD)? Here are three questions to answer before you invest money in a certificate or CD.
a credit union certificate is that you can use the funds for just about anything. From planning for a down payment on a new home to contributing to a grandchild’s educational expenses, it’s a great way to grow your savings. However, to fully benefit from a certificate’s advertised rate, you’ll need to commit to leaving your money in the account for a set period of time (the term). What term is right for you will depend on how far in the future you’re planning to spend your savings.
When choosing a financial institution to open a certificate or CD with, you’ll also want to consider the other benefits that you could receive. For instance, if you join PSECU to open a certificate, you’ll unlock countless member benefits like a network of 70,000+ surcharge-free ATMs nationwide and attractive loan rates. Choosing a financial institution that offers great perks like this in addition to competitive certificate rates helps you keep saving even once your certificate matures.
Ready to start watching your money achieve more? When you open a certificate with us, you’ll be able to:
Access our competitive rates.
Choose from terms ranging from three to 60 months.
Easily estimate your savings with our fixed dividend rates.
Want more information? Read more about our certificate options and how PSECU membership could benefit you.