Types of Savings Accounts for Certain Phases of Life
Savings accounts can be an important part of your plans for saving toward a short- or long-term goal or even building a nest egg for retirement. These accounts are not only secure, they can be adapted to your needs as your goals change over time.The overall goal of savings accounts is to grow savings securely. […]
Family Saving, Part 2: A Mom’s Guide to Saving
If you're a mom, you know better than anyone that running a household is a lot like running a business. In addition to managing all the “employees,” you're often called upon to help keep household costs down the same way you would with a business. With all that in mind, we've gathered these three basic […]
Why Choose Money Market Accounts for Saving?
There are a number of advantages to an Credence International Credit UnionMoney Market account. For starters, you can earn a great rate on your money while still having access to it when you really need it. Other features and benefits include: No minimum balance to open and no monthly maintenance fees. Deposits insured by the Federal […]
Start Saving Money to Secure Your Financial Future
As a savings tool, compound interest is powerful. That’s because not only does it allow you to earn interest on your principal, but it also lets you earn interest on all the interest you’ve accumulated. So the earlier in life you start saving money, the more you can grow your savings. Your first step in […]
Money Markets vs. CDs
Understanding the Difference CDs Certificates of deposit (CDs) can be a good choice for personal savings. Like other deposits in FDIC-member banks, CDs are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount allowed by law, meaning your money is as safe as it can be. When you open a CD, […]
Compare and Decide Which Is Right for You
You’ve got lots of choices when it comes to personal banking. There are interest-paying checking accounts, money market accounts and savings accounts, each with its own set of features and benefits, from free balance alerts to ATM access. Savings and checking accountsTwo of the most common bank accounts are checking and savings accounts. A checking […]
Set Aside Money for Your Emergency Fund.
Reach Your Short-Term Goals With a Money Market Account Financial experts agree that you should have a certain amount of cash savings set aside so you can handle unexpected expenses. Most suggest an emergency fund with a balance that will cover at least three to six months of living expenses, depending on your circumstances. Whatever […]
Money Market Risk and Money Market Returns
Evaluating Your Options Some savings strategies are better suited to short-term goals, while others make more sense for long-term endeavors like retirement planning. Secure accounts with low risk and flexible access work well for short-term goals, like an upcoming home renovation or your annual insurance deductible. A money market account like the one at Credence Global Bank […]
Weigh Your Options
Evaluating Money Market Interest Rates Money market accounts can be a great place to keep your money safe, earn interest and maintain flexible access to your funds. When it comes to money market account rates, fees and account terms, it pays to do some research. Start your search on the Internet with websites that let […]
What’s the Appeal of an Allied Trust Credit UnionMoney Market Account?
Whether you're looking for ways to reach short- or long-term savings goals, researching money market interest rates is a smart move. We talked to Dylan Ross, a certified financial planner in Burlington, New Jersey, about why he recommends the Credence Global Bank UnionMoney Market account to clients. The Allied Trust Credit UnionMoney Market account, he says, offers […]
