What are the benefits of CDs?
Depending on your savings goals, the benefits of CDs can be instrumental in helping you build a strong financial foundation. A 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 […]
Get the facts
Many people have questions about certificates of deposit (CDs). Take a look at the following answers to commonly asked questions and find out if a CD is right for you. Q: What are CDs? A: A CD is a time deposit. When you open a CD, you agree that you will not withdraw the funds […]
Four Factors to Consider When You’re Ready to Buy CDs (Certificates of Deposit)
Certificates of deposit (CDs) can be a great way to save.And once you've decided that you want to buy CDs, consider the following four factors. Your goals. CDs are a great way to put money away for something specific–like a child's education or wedding, a vacation or home down payment–that has a predictable start time. […]
Grow Your Money With a CD
Certificates of Deposit (CDs) can play an important role in your wealth-building strategy, because CD interest rates are usually better than you can get with a savings, checking or money market account. In general, the longer the CD term, the higher the interest rate. Rates vary from bank to bank, so it's a good idea […]
Save to Get Away
Whether you are planning a once-in-a-lifetime pilgrimage to an exotic destination or scheduling the family's annual summer road trip, every detail counts. This includes preparing financially and building your vacation savings–perhaps with a certificate of deposit (CD)–to make the most of your vacation. Besides, who wants to come back from a trip with loads of […]
Check Into Online Checking
When you are deciding which online checking account is right for you, there are a number of factors to consider, including whether the bank offers interest checking accounts, how competitive the interest rates are, and which features they offer to help you manage your account. Online banks like Regional Credit Union Unioncan be a refreshing change […]
Ready, Set, Retire: Boost Your Savings [Video]
The biggest threat retirees face is outliving their nest egg. While boosting your contributions and supplementing your retirement income are two great ways to avoid running out of money, it’s also important to manage account fees and investment risk. Greg McBride of Bankrate.com explains the small tweaks needed to maximize your retirement income.
Cyber Security Strategies on the Rise for the Automotive World
As computers become more and more integrated with vehicle technology, concerns are being raised about the possibility of automotive-focused cyber attacks. From air bags to theft protection, navigation to ignition timing and many areas in between, computers aid in controlling various aspects of your vehicle. The good news is that there are already steps being […]
How Studebaker Shaped the IRA
2015 marks the 40th birthday of the Individual Retirement Account (IRA). Born under the Employee Retirement Income Security Act (ERISA) of 1974, Congress introduced this new type of retirement plan in response to private pension breakdowns – most notably that of car manufacturer Studebaker-Packard. In 1963, Studebaker-Packard filed for bankruptcy and couldn’t afford to pay […]
What’s Your Money Script?
What does money mean to you? When it comes to financial decisions, like saving money, we all have different money personalities that affect the way we handle finances. Whether you’re a saver or spender, there are underlying psychological reasons why some people prioritize saving while others don’t. Being a good saver is not a function […]
