Second Quarter 2020
BRIGHT HORIZONS 2
A Message From Our President & CEO
Enhancing Your Member Experience
Weighing Your Options as a Homeowner
Congratulations 2020 Scholarship Winners
7 Key Takeaways of the SECURE Act
3 WAYS TO SAVE in a
FLUCTUATING MARKET Here are a few tips to earn a competitive return on your money with a volatile market. 1. Dare to Compare The first step is finding a financial institution offering high returns for your money—good news, you’re already here! We continually offer competitive rates on certificates and high-yield savings accounts, without hoops to jump through and excessive fees, so your earnings stay where they belong—in your account. If you are comparing rates from others, don’t just look at the rates alone. Pay attention to penalties and fees associated with the account. At first glance, it may offer a better return, but come with excessive fees. 2. Consider Laddering Certificates are a great option in an unsteady market as they provide a higher return than traditional savings accounts. Establishing a laddering strategy with your certificates is an efficient way to not only earn a higher return, but reduce the amount of funds tied up at one time. With competitive rates and terms ranging from 6 months to 5 years, our certificate options provide you with the right mix for no-hassle savings growth. Bankrate: “4 Ways Savers Should Handle Falling Interest Rates.” Amanda Dixon, 3.3.2020.
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3. Stay the Course According to Bankrate’s CFA, Greg McBride, “Whether rates are rising or falling, it doesn’t change your need for emergency savings, or when you need access to cash.”* Instead of making changes based on market trends, stay the course and choose accounts right for your current financial situation and personal goals. Take a look at where you stand right now, then choose a combination of accounts that meet your needs. Lucky for you, this is where we shine! We offer a wide range of savings products, from certificates to high-yield savings accounts, so you have options to choose from. Plus, we’re federally insured so your money is always protected.
We’ve got you covered. Visit a branch to speak with a team member about your best savings options, or view our rates to see how we compare at: gecreditunion.org/deposit-rates.