Monday, December 1, 2008

Savings Options to Consider

In an effort to promote better savings by the membership of North Alabama Educators Credit Union, there are two savings options available that currently pay higher rates. Our Christmas Club Account and 9-Month Certificate of Deposit offer attractive rates. The Christmas Club Account offers a Prospective Rate of 1.50% Annual Percentage Yield, considerably higher than the basic savings account rate. December might not be the easiest month to start a Christmas Club saving account but why not plan on doing so in January? Setting aside money each pay period for a Christmas Club account is a great way to prepare yourself financially for the following Christmas.

Our 9-Month Certificate of Deposit currently offers a rate of 3.45% Annual Percentage Yield when compounded. This rate is higher than the 1-Year Certificate and matches the same rate offered on the 27-Month Certificate. A Mini-Jumbo rate bump of 0.15 is also available on individual certificate balances of $50,000 or more.

For a current listing of Savings/CD Rates available, click the link, .

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