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At BHFCU, we have savings options to fit your financial planning
goals for today and tomorrow.
Share Certificates
A Share Certificate is a great way to earn higher annual percentage
yields. BHFCU Share Certifcates come with a variety of Terms.
Plus they provide a liquid and worry-free investment.
With only a Minimum Deposit of $500.00, you can choose
any term or combination of terms to "ladder" your rolled
over investments.
- 3 to 5 Months
- 6 to 11 Months
- 12 to 23 Months
- 24 to 35 Months
- 36 to 47 Months
- 48 to 59 Months
- 60 Months
Click here
to see what our rates are today!
TIP: Earn More When You
"Ladder" Your Certificates
You can increase your overall Share Certificate investment return
and retain liquidity with a technique called "laddering."
For example, instead of investing $5,000 into one certificate,
invest into 4 separate credit union certificates. Purchase 6-month,
12-month, 18-month, and 24-month certificates. As each certificate
comes due, roll it into a new, higher-yield certificate. When
you invest this way, you will have 1/4 of your funds coming due
every six months. By the end of 24-months, all of your certificates
will be receiving the highest dividend. You can also take advantage
of special periodic rate specials when available to maximize your
returns.
Consider the Benefits
Staggering maturity dates ensures that you will always have
access to part of your funds every six months.
Laddering the maturity dates gives you the opportunity to reinvest
at least some of your savings in higher yield certificates should
rates go up.
You can ladder your maturity dates to match the timing of your
financial goals, such as: college tuition, vacation plans, home
improvements, retirement, or anything else you are saving for.
Laddering Is the Safe Saving Strategy
Because your Bayer Heritage Federal Credit Union deposit accounts
are federally insured, Share Certificates offer the benefits of
a guaranteed fixed income with no risk to your principal. Call
or stop by the credit union office. We can help you establish
a regular savings plan that works for you.
U.S. Savings Bonds - For Education And More
Beginning with Bonds purchased in 1990, the interest earned
on Series EE Savings Bonds can be excluded from Federal Income
Tax if you pay tuition and fees at colleges, universities, and
qualified technical schools during the same year the Bonds are
cashed. The exclusion applies to the educational expenses
of yourself, your spouse, or any dependent.
Series EE Bonds also offer these savings incentives:
- When held for 5 years of longer earn market-based interest
or guaranteed rates, whichever is more.
- Can be purchased at most financial institutions and through
payroll savings plans.
- They are free from state or local income taxes.
- Can be replaced if lost, stolen, or destroyed, at no cost
to you.
For more information about U.S. Savings Bonds contact us for
a free brochure or write to the Office of public Affairs, U.S.
Savings Bonds Division, Washington, DC 20226.
To find out more about detailed education tax exclusion information,
ask your local Internal Revenue Office for "IRS Publication 550."
Share Accounts
Your Share Account is your "share" in Bayer Heritage Federal Credit Union, but it is also a good start for all your savings
goals. Open a Share Account for any purpose.
And remember, a Share Account can be used for overdraft protection
and as collateral on loans.
Dividends are compounded and credited monthly.
FREE Life Savings Insurance
Your Share Savings Account comes with FREE Life Savings insurance for a maximum of $5,000.00 per member.
Contact the Credit Union for more information.
Christmas Club Accounts
Holidays are a lot more fun when you know the money is ready
when you are for your holiday shopping or vacation needs. If you
didn't have a Christmas Club account for this year, don't make
that same mistake again.
Call or stop by to set up your Christmas Club account for next
year.
Dividends are compounded and credited monthly.
Vacation Club
You work hard all year. Your vacation is your time to relax and
refuel for next year's tough demands. Have you planned well for
that earned time off? Our Vacation Club is exactly what you need
to get the vacation you deserve.
So, stop by the credit union and open your Vacation Club today
and make next year's vacation the break you deserve!
Dividends are compounded and credited monthly.
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