Are you looking for a way to invest some of your savings to earn more money?
A Share Certificate could be right for you.
Share Certificates offer guaranteed returns on your money and they usually pay higher interest rates than regular savings accounts.
How They Are Different
Certificates differ from a regular savings account because they are timed deposits. With a certificate, you can select from a variety of options and agree to leave your money in the certificate for a fixed amount of time. During that period - which can range from a few months to a few years - your money will earn interest and keep growing until your certificate reaches maturity.
At maturity, you’ll have the option to let your certificate automatically renew for a new term, using the money to open a new certificate for a different amount of time, or move the money to one of your other accounts.
It’s also good to know that your money is federally insured to the maximum allowable limits.
Learn more about BCEFCU Share Certificates
Be Sure You Won't Need The Funds
The amount you put into a certificate should be money you likely won’t have to withdraw until the term ends. Often, the longer the term you choose, the higher your interest rate will be, and the more you can earn on your investment.
You can withdraw your money before the investment term ends, but there is a penalty for early withdrawal.
Certificates can be a sound way to save for future needs without putting your money in other risky investments that don’t offer this type of guaranteed return which could actually lose value during difficult times.
We’re here to help you find a savings plan that works best for you.
Stop in a branch or contact us at 410-828-4730, 800-234-4730, or memberservices@bcefcu.com to learn more about Share Certificates and how they help your money grow.