US Federal Credit Union is one of the largest and most respected credit unions in USA. It is one of the oldest financial cooperative which has received exceptional ratings for its financial stability and safety. It has launched various products and financial services to offer the best possible services. The below paragraphs will give you a brief on the opportunity of saving and earning through its certificates.
Savings Certificates is a secure and safe way to invest. It is a simple way to earn a competitive rate on your money. You can invest for short term or long term. Short term investment will give your funds maximum liquidity whereas long term investment will fetch highest possible rate of returns on your funds. Federally-insured certificates are compounded quarterly or upon maturity depending on the length of the certificate.
Another type of Certificate is Max Certificate. Comparatively it is flexible than other certificates. Its unique feature is that it allows you to adjust your rate at any one time during the duration of the investment. When rates go up, you can adjust your rates. For the remainder period your balance will be adjusted according to the new rates.
The above certificates can be purchased with a minimum balance of $500 locked in for a period of 18 months would fetch an APY of 4.75%, 24 months would fetch an APY of 4.75%, 36 months would fetch an APY of 4.81%, and 60 months would fetch an APY of 4.91%.
Alternatively you can keep a minimum balance of $1000 and earn an APY of 3.80% with a lock in period of 91 days, or an APY of 4.85% with a lock in period of 6-months, or an APY of 4.85% with a lock in period of 12 months.
IRA Certificates is another way to create your savings for tomorrow. The minimum opening deposit to start an IRA Certificate is $1,000 and you can choose terms between one and five years. Every IRA Certificate offers a fixed rate for the term you choose, compounds dividends quarterly and is automatically renewed.
You can apply for its membership today after checking your eligibility at this page: http://www.usfed.org/home/m.m_i.m_i_eligibility
*All the rates have been taken as on 12.11.07.