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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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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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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Teaching Your Child to Save – Teach a Habit

When it comes to financial literacy and teaching our children how to save, it is a task we should exercise frequently. We’re actually teaching a habit that can help them throughout their lives. And as we teach and help them practice these skills, even in the smallest of ways, we can learn or reinforce our own skills.

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