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CDs Put Lazy Money to Work – Safely

Money is naturally lazy. It won’t do anything on its own. But you can put your money to work.

If you have some money that you can afford to put aside for a little while and not touch, opening a CD (Certificate of Deposit) is a great way to make your money grow.

PutLazyMoneyToWork_Blog

If you’re not familiar with CDs, here’s a brief overview:

With a CD, you put money (usually a minimum of $1,000, but not always) into an account and agree to leave it there for a predetermined amount of time (called the “term”). In exchange for leaving the money with the financial institution until the end of the term (when your CD “matures”), you’ll be paid a specified interest rate (the APY, or Annual Percentage Yield). Generally speaking, the longer the term, the higher the interest rate that you will earn.

But what if you need that money before the end of the term? You can get it back, but you’ll have to pay a fee to access it before your CD matures.

And here’s the kicker: Because Avadian Credit Union is federally insured by the National Credit Union Administration, your savings accounts are protected up to $250,000. But that’s not all, Avadian provides an additional $250,000 in insurance through Excess Share Insurance Corporation, a licensed insurance company.

Right now, Avadian is offering a 36-Month Fall Step-Up CD Special that pays 0.80% APY and allows you to step up your rate one time during your term to the rate currently in effect. Open one today and make your money stop being lazy. 

APY=Annual Percentage Yield. Rates shown are accurate as of {Oct. 6, 2021}. Rate subject to change without notice. Minimum to earn the stated APY is $1,000. Automatically renews into a 36-Month Step-Up CD at the rate in effect at that time. Penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. May not be combined with other specials or discounts. For consumer accounts only. This is a limited-time offer and may be discontinued at any time.

This credit union is federally insured by the National Credit Union Administration.
Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.



The credit union is federally insured by the NCUA. Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.
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