Looking for a simple way to grow your hard-earned money into high returns compared to your average savings account? With Camino’s share certificate promotion, saving for your future just got brighter. Here are the top 3 reasons to get a share certificate.
1. Guaranteed Rate of Return
In the betting world, there’s the common adage, “there’s no such thing as a sure thing.” But when it comes to investing in a share certificate is as close as you could get with a guaranteed rate of return. Share certificates offer fixed-rate guaranteed growth, with little risk and no stocks to watch, and are a secure way to get a good rate of return from your money.
The average annual percentage yield (or APY) on certificates is currently about 0.25%. At Camino, for our special promotion, we are offering 11-month share certificates with a .75% APY and 18-month certificates with a 1.25% APY. When you invest in a share certificate, you determine the amount, the term, and thereby the rate of return. As long as you don’t take out your money early or before the agreed-upon term, you’re guaranteed you will receive your full payout when your term ends.
2. Multiple Term Options
A share certificate allows you to earn a higher interest rate by agreeing to leave money in your credit union for a specified amount of time. Simply pick the amount of time you’re willing to deposit your funds, and you’re on your way. You receive a guaranteed, fixed-rate growth backed with federal insurance with terms from six months to five years.
Use a share certificate to diversify your investments and to save for exciting purchases in your future. The longer you keep your money in the account, the more it grows. Because you’re earning higher interest rates, with a share certificate there are penalties on earnings for early withdrawal.
3. Low Deposit Requirements
When it comes to investments and money market accounts, you’ll find there are a lot of investments that require large initial deposits, while a share certificate at Camino can be opened with as little as $2,500. By offering a lower cost of investing, share certificates could be a great option for new investors starting out and investors who may not have the finances to pay large amounts of money for their initial deposits.
Don’t just leave saving for the rainy days; save every day in between. When you open a share certificate with Camino, you’ll open the door to an abundance of opportunities and may reach your savings goals faster. With above-market rates and favorable terms, it’s a bright decision.
Ready to Get a Share Certificate with a Guaranteed Rate of Return? Meet with a Camino Member Advisor Today!
Let Camino help you with your financial future and help you better understand the benefits of share certificates and what it can do to help boost your finances. Camino offers a variety of ways to build your savings and financial future. Please go online at caminofcu.org, give us a call at 800-835-3400 to speak with one of our Member Advisors, or contact us for more information. We’re building bright financial futures through a combination of modern technology and community-aware service to our loyal members.
We invite you to browse our member benefits to see the advantages of joining us as a Camino member. Contact us at (800) 835-3400 to speak with a Member Advisor today, or visit us online at caminofcu.org for more information on our offerings.