Pros and Cons of Certificates of Deposit

Higher interest rates have sparked renewed interest in CDs. Let’s take a closer look at the pros and cons of a certificate of deposit and some of the types of certificate accounts now available. We’ll also consider how the advantages and disadvantages of certificates of deposit add up for different types of investors.

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Money Market vs. Savings Account | Which One Is Better?

Money market accounts and savings accounts are two types of popular investments you can use to grow your savings. There are some important differences, however, that may make one a better choice than the other for your needs.

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Types of Savings Accounts to Reach Your Goals

It’s never too early (or too late) to start saving, but putting away those first few dollars and sticking with it over time takes commitment, planning, and savings products that work for you.

Here we take a look at the full range of savings account options offered by Credit Union of America (CUA) and consider how best you can use each to reach your financial goals. 

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Credit Unions are Safe. Credit Union of America is Safe.

With the recent bank failures in the news some might wonder if their funds are safe in their local credit union. A most reassuring fact is that "no one has ever lost a single penny of insured share deposits within the credit union system," Todd Harper, the National Credit Union Administration (NCUA) Chairman, announced in a recently released statement.

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Where to Put Money During a Recession

With high interest rates, slowing growth, and large falls in stock values, many experts now expect the U.S. to enter a recession in the coming months. Do you know where to put money during a recession? We look at some safe places to stash your cash while still allowing it to grow.

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Types of CDs to Maximize Your Earnings

A certificate of deposit (CD) is a great way to invest your money. It typically offers a higher interest rate than a savings account, and some types allow you to add more money throughout the term.

Not all CDs are alike, however. Some offer important benefits and features that may make them a better choice for your needs. The following are five types of CDs that Credit Union of America offers.

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How to Build an Emergency Fund (Guide)

Many financial experts recommend building an emergency fund to stop unforeseen expenses from turning into debt or long-term financial difficulties. We break down how to build an emergency fund and take a look at some tremendous risk-free ways to turbo-charge your savings.

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Credit Union vs. Bank Mortgages: What's the Difference?

If you’re in the market for a mortgage, you may be wondering the differences between a credit union mortgage vs. bank mortgage. Click here to learn more!

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Save while you spend with Change Jar!

Have you heard about Credit Union of America's new Change Jar? Just like throwing pennies in a piggy bank, Change Jar makes saving easy. Sign up in digital banking, today! 

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Membership Share Account Minimum Balance

Effective January 3, 2022, CUA’s share balance requirement changed.  Previously a $25 deposit was required in the share/savings account for membership benefits.  Now it’s just $1. 

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