Let’s Count the Ways to Save: Certificate Accounts

It’s easy to save at a credit union like RBFCU. You can get started with as little as $1, and your money is insured up to $250,000 per individual depositor by the National Credit Union Administration (NCUA). It’s risk-free investing with guaranteed growth!

The next step is to build your available money — and take advantage of the higher return — with a certificate account. The rate of return on a certificate account can often be four times more than that of a savings account

While a certificate account offers a higher return (a higher annual percentage yield, or APY), there are more things to consider when trying to invest in one compared to a standard savings account, including:


The Growth of Money in a Certificate Account

The first image shows an example of an RBFCU Certificate account with $1,000 invested for 6 months with the example of a 0.91% APY.

The second image shows an example of an RBFCU Certificate account with $1,000 invested for 24 months with the example of a 1.62% APY.

Example of an RBFCU Certificate account with $1,000 invested for 6 months at 0.91% APY which would earn $4.45.
Example of an RBFCU Certificate account with $1,000 invested for 24 months at 1.62% APY which would earn $32.54.

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Information in this article is general in nature and for your consideration, not as financial advice. Please contact your own financial advisors regarding your specific needs before taking any action based upon this information.

Federally insured by NCUA. Membership eligibility required. Program subject to change without notice.