At one point or another, we've all asked ourselves, “How can I get serious about my savings?” Maybe you're gearing up for your next vacation or building a nest egg for longer-term goals like buying a home or retiring. When you want to grow your money and ensure it's protected from inflation, a certificate is a dependable option.
When you're exploring savings options, it's worth checking the current rates and terms for a Bonus Certificate. You may find something that fits your timeline at a premium rate!
Here's What a Bonus Certificate Is
A Bonus Certificate offers exclusive dividend rates that are typically higher than a standard certificate or savings account. Keep in mind that these higher yields are only available for a short amount of time, depending on how the market changes. So if you see a rate that you like, it's better to open the Certificate sooner rather than later.
Bonus Certificates require a minimum deposit, which can be over $2,000 at some financial institutions. To open a Bonus Certificate with Apple FCU, all you need is $500.
Once you open the Bonus Certificate and make your deposit, your premium rate is guaranteed for the full term, giving you peace of mind even as the market shifts.
What are the Benefits of a Bonus Certificate?
All Apple FCU Bonus Certificates offer:
- Competitive dividend rates
- Guaranteed returns
- Monthly dividends
- And insurance by the National Credit Union Administration.
Other Important Factors to Consider
The money you place in a Bonus Certificate won't be accessible until the maturity date. If you need to withdraw early, a fee will apply. This may help reduce the temptation to dip into savings and make it easier to stay on track.
Is a Bonus Certificate Right for Me?
A Bonus Certificate may be the right fit for you if:
- You need a predictable, insured return
- You're saving for a short- or mid-term financial goal
- You've received a lump sum of money, like a bonus from work or a tax return, that you want to invest
- You need to be disciplined with your savings and put them somewhere you can't access without penalty.
Open a Bonus Certificate with Apple FCU
Opening a Bonus Certificate is quick and simple through Apple FCU Online or Mobile App. Check out our current rates and act fast if you see one you like—they won't last forever!
