America Saves and Freedom Credit Union asks:
What are you saving for?
Every day is a super day for saving. Of course, we know making savings part of your financial plan can be difficult—which is why we love this week!
February 26–March 3 marks America Saves Week, the ideal inspiration for individuals, families, and businesses across the country to get serious about saving, reducing debt and building wealth over time. You might be surprised at just how easy it can be!
Take the pledge.
Kick off the week by pledging your commitment; the America Saves campaign has made it both convenient and official with its America Saves Pledge. Taking a few minutes to complete the online pledge makes you an honorary member of this important movement, ready to receive personal, helpful tips along your way.
The single most effective savings motivator is knowing what you’re saving for. Is it a home? A brand-new vehicle? An extended vacation to a dream destination? Perhaps you’re investing in your future—saving for education, your own business or a financially secure retirement. Whatever it is that drives you to save, the pledge also serves as an opportunity to set a goal and make a plan to achieve it.
Set yourself up.
Now that you’re determined to save, Freedom Credit Union cordially invites you to save with us! Not yet a member? Learn more and join us in minutes at freedom.coop. When you do, you’ll see setting up a Primary Share Savings account is among the first steps. The $5 minimum balance requirement provides the foundation for building a strong financial structure for Freedom and all its members while establishing your member-ownership.
From there, Freedom offers a range of options for saving, protecting and growing your hard-earned money. In honor of America Saves Week, we’d like to highlight our Club Accounts. Perfect for those who find saving a challenge, Holiday Club and Vacation Club accounts allow you to choose an amount to set aside, a term to save, and a transfer frequency—and let the savings begin.
For longer-term goals, Freedom offers high-yielding money market accounts, IRA investment accounts, and competitive certificates. Currently, you can take advantage of a special new 20-month certificate, featuring a 2.00% APY* dividend rate. Think of it as letting your money do the work!
For the ultimate strategy, consider dividing your deposits into a savings account(s) and an investment account(s).
Spread the word.
The America Saves Pledge states: “I will encourage my family and friends to do the same.” There’s a reason for that: you’re part of a national movement! In our institution’s own cooperative spirit, do what you can to help others to achieve their goals, big and small. After all, financial freedom loves company.
*APY = Annual Percentage Yield accurate as of February 1, 2018. Special promotional rate subject to end without notice. $1,000 minimum requirement to open and a minimum of $1,000 to earn the advertised APY. At maturity, the certificate will roll over to a 24-month term at the prevailing rate. Credit Union membership required by opening a $5 share savings account. Certificate special requires new money only and a checking account relationship with direct deposit. A penalty will be imposed for early withdrawal. Effective fees may reduce dividends earned. Other terms and conditions may apply. See your local Credit Union branch for more details. Federally insured by NCUA. Shares and deposits in excess of NCUA limits are fully insured by MSIC.