A Short-Term Certificate

A Short-Term Certificate

Experts are now saying that with Federal interest rates on the rise, one of the best ways to get the most bang for your buck is to put your savings into a short-term CD or time rate option, usually for 6 to 12 month periods. Of course, the downside to choosing a certificate or time rate program is that there is often a penalty if you withdraw the money before the end of the term.

In addition, there are often minimum deposit amounts to participate – usually starting at about $500, but in some cases as high as $5,000; however, if you can afford to have your money in a certificate, you’ll be reaping much greater short-term rewards in terms of overall interest rates. And that’s a smart investment. One of the best ways to get the most out of a certificate or time rate account is through County Federal.

Not ready to make a long-term commitment? County Federal has a 3-Month Term Certificate option. For information on how we can help you make the most of your certificate rate, click or stop by your local branch.

Content Source: CUContent