Climb A Ladder To Success
Wild fluctuations in the stock market understandably cause people to reconsider their investment options. But you don’t need to be a financial wizard to create a plan for your money.
PrimeWay Federal Credit Union’s Share Certificates, also known as certificates of deposit, offer a no-risk way to earn higher dividends than a traditional savings account. Our certificates feature maturity options ranging from six months to five years, meaning your money must be invested for a specific amount of time.
Creating Cash Flow
So what if you want to create a regular cash flow? That’s where laddering comes in. You can purchase a variety of certificates that will mature along each step (six months, one year, etc.) so that you can withdraw your earnings every few months or re-invest them into another certificate at the current rate of return.You can see the benefits by using our CD Ladder Calculator.
It’s a popular, and simple, investment strategy. Or you can invest in one Share Certificate. Either way, PrimeWay Federal Credit Union makes the process easier with these features:
- Minimum $500 deposit opening balance
- No monthly service charge
- Earn dividends that vary based on term of certificate**
Your savings federally insured to at least $250,000
by the National Credit Union Administration (NCUA), a U.S. Government
Agency, and backed by the full faith and credit of the United States
Certificate holders also can access these services:
- 24/7 account access through Online Banking, Telephone Banking or ATMs worldwide
- One monthly statement for all of your accounts
- Access to PrimeWay Federal Credit Union’s Investment Resources for financial management services
- More valuable Member Benefits here
Take control of your investments, and let PrimeWay Federal Credit Union help you along the way.
**Dividends are calculated on an average daily balance. Dividends are compounded and paid monthly or quarterly. Refer to your Rate Schedule for the current interest rate. If you close your account before the end of the month, you will not receive accrued dividends.