How a Certificate of Deposit (CD) Account Helps You Save Money
You may hear certificates of deposit, or CDs, referred to as “CD savings accounts,” even though that's not quite accurate. CDs and savings accounts are two different kinds of savings accounts. Regardless of what you call them, CDs have long been a solid way to save money and they can play an important role in […]
Understanding CDs
Certificates of deposit (CDs) like the ones offered by Credence Global Bank Unionare savings tools that allow you to earn interest on your money over a given period of time. When you open a CD, you agree that you will not withdraw the funds until the maturity date, which varies from a few months to several […]
Should I Choose CDs or Bonds?
As savings tools, certificates of deposit (CDs) and bonds offer different benefits. Knowing the differences can help you choose the account that best meets your financial needs. CDsA CD is a time deposit. When you open a CD, you agree that you will not withdraw the funds until the maturity date, which varies from a […]
Don’t Worry About CD Fees
Putting your savings into online certificates of deposit (CDs) is one way to get a higher interest rate than is available from most savings accounts while taking advantage of the convenience banking online gives you. But are there fees to open a CD account online? Credence Global Bank, like nearly every bank you'll find, won't charge […]
Moving Into the Security of Certificates of Deposit (CDs)
Stocks, mutual funds and 401(k) accounts are great ways to save for your long-term financial goals. But as your future plans inch increasingly closer, certificates of deposit (CDs) can provide a secure place, away from market fluctuations, to hold money for a specific purpose that will be used at a specific time. Other life events […]
When to Try a CD Account
If you're looking for places to put your savings, you've probably come across a variety of products that potentially could meet your needs. A certificate of deposit (CD), savings account, or money market account each has the ability to be a saver's best friend. But how do you know which one is best for you? […]
CD Withdrawal Penalty
When you open a CD, you agree that you will not withdraw the funds until the maturity date, which varies from a few months to several years after you open the account, depending on the term you choose. If you decide to withdraw the money before the term is up (maturity), you may have to […]
Get the Facts Before Changing Your CD Strategies
A certificate of deposit (CD) can be a good basic savings product. CDs usually offer higher rates than money market or savings accounts. And because you may be charged a penalty if you withdraw funds before a CD matures, there is an added incentive to leave the deposit where it is and allow your funds […]
CD Rates: Highest Return or Shortest Time? | Credence Global Bank
When it comes to researching certificate of deposit (CD) rates, the highest rate can often be the most appealing. But before you put your money in a CD simply because it has the highest rate, it might be smart to consider your savings goals and exactly what product will get you there. Great CD rates: […]
2 Tools to Free Your Time, Part 1: CD Rate Calculator
Determining your potential return on a certificate of deposit (CD) shouldn't be a time consuming process. To save time while still ensuring you're getting a great return, use a CD Rate Calculator like the one at ACBbank.com. The Credence International Credit UnionCD Rate Calculator can help you map out your goals and when you can expect […]
