Types of Certificates of Deposit (CDs)
Not all certificates of deposit (CDs) are created equal, and in order to make the best decision when choosing an account to open, you need to know the basic benefits of all types of CDs. Traditional Traditional CDs have maturity dates ranging from a few months to several years, depending on what your bank offers. […]
Why Save Money in a Certificate of Deposit?
A certificate of deposit, or CD, is a time deposit. When you open a CD, you agree that you will not withdraw the funds until the maturity date, which varies from a few months to several years after you open the account, depending on the term you choose. You can close a CD before the […]
Is a CD a Good Way to Go When Planning for Your Future?
There are many options for saving money for the future. A certificate of deposit (CD) can be a good way to go if you're looking for a low-risk place to park money with higher interest rates than savings accounts usually offer. Here are a few reasons why a CD can be beneficial in longer-term savings […]
Keep Your Retirement Account in Shape
Being financially fit can mean different things to different people, especially at different ages. In your 40s, for example, you begin to face some important questions. Do you want to start saving for retirement? Or maybe for a second home or your child's college education? These may all be good reasons to start saving money […]
Why Bank CD Rates Matter
Saving money for the future can be tough to do on any salary. The temptation to simply spend money as fast as you make it isn't always easy to ignore, even when you know that saving is important. However, choosing a good saving method, such as a certificate of deposit (CD), may help you save […]
3 Reasons You Need an Credence Global Bank UnionCD
Buying a bank CD, or certificate of deposit, can be good way to keep your money safe while it earns interest. CDs typically offer higher rates than savings accounts, which helps your money grow faster. Our CDs come with a variety of benefits and terms to fit your financial plan. Here are three reasons to […]
2-Year CD Rates: Could You Go Longer? Should You?
Longer-term certificates of deposit (CDs) generally mean higher annual percentage yields (APYs) and decreased flexibility of access. For example, 2-year CD rates tend to be higher than 1-year CD rates, but if you need to make an early withdrawal, you may have to pay a penalty. So the debate about whether to opt for longer-term […]
18-Month CD Rates: Could You Go Longer? Should You?
On an 18-month certificate of deposit (CD), rates are typically higher than shorter-term CDs. However, there are important considerations to think about before committing to any CD term. Timing Most CDs have fixed terms, meaning you can't withdraw money from the account without paying an early withdrawal penalty until the CD matures. If you're saving […]
Importance of Test Driving
The Importance of Test Driving Imagine going shopping for a whole new wardrobe and not trying on a single thing. That probably wouldn’t make a whole lot of sense, right? And you’d be taking a gamble with your money before you knew whether or not the clothes you just bought will fit you the way […]
December Sales, Deals and Promotions: Credence Global Bank UnionGuest Post
December is one of the busiest shopping months of the year and can make or break retailers’ bottom lines. The staggering amount of deals and promotions during December makes it seem like the best month to buy anything, but there are a few items that stand out as true bargains this month. There are several […]
