Unlocking the Benefits of Certificates

If you're looking for a safe and secure investment option that offers predictable returns, then it's time to explore certificates. Whether you're starting your financial journey or planning for the future, certificates present a range of benefits that can help you achieve your financial goals. Let’s delve into the key features and advantages of certificates and why you should consider adding them to your investment portfolio.

Safety and security: Protecting your hard-earned money

One of the primary reasons why individuals choose certificates is the safety and security they provide. Certificates are insured up to $250,000 for credit unions by the NCUA, and at banks by the FDIC. This means that even if your bank or credit union were to face financial difficulties, your investment is protected by the government provided insurance.

Higher interest rates: Growing your money faster

Compared to traditional savings accounts, certificates often offer higher dividend rates. As a result, your money can grow at a faster rate, allowing you to maximize your earnings over the fixed term of your certificate. By choosing a certificate, you can make your money work harder and enjoy the benefits of compounding dividends. Compounding dividends means that you earn dividends on not only the initial amount of the deposit into your certificate (the principal balance), but also on the dividends that that are earned each month.

Fixed term: Predictable returns and disciplined saving

Certificates come with a fixed term, which means you agree to keep your funds deposited for a specific duration, typically ranging from a few months to several years. This fixed term allows you to anticipate and plan for the returns on your investment. It also promotes disciplined saving habits, as early withdrawals from certificates may result in penalties. By committing to a fixed term, you ensure a reliable and predictable source of income while cultivating a savings mindset.

Saving for future goals: Achieving financial milestones

Whether you're saving for a down payment on a house, funding a dream vacation, or preparing for a major life event, certificates can help you reach your financial milestones. By setting aside funds, you're taking a proactive step towards achieving your goals and protecting those funds from unnecessary spending. The fixed term of the certificate encourages long-term planning and ensures that your money is working towards your goals.

Unlock the benefits of a certificate today! At Pacific Service CU, we offer certificates at competitive rates and terms. You choose the term, and we guarantee the return. 

For a limited time only, lock in a high-rate 5.18% APY certificate for 8 months! This great 8 certificate is also available as an IRA certificate and is perfect for saving up for retirement. To learn more or to open a certificate, click here or visit our website.