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AFCU & You Blog

Tis the Season for Member Deposits

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Happy holidays to one and all. In addition to settling into the sights and sounds of the holiday season, AFCU is ringing in the season with two deposit opportunities that can make this holiday season extra special.

The first opportunity is a new money only deposit initiative which is designed to welcome back some of your funds that you may have stashed away at another financial institution. This Share Certificate offer features a 4.00% APR, 13-month term, and a $10,000 minimum deposit. We’ve seen other financial institutions attempt to offer this type of yield but normally with a much longer term. We believe our rate is competitive with most offers that are out there, but the shorter term makes all the difference in the world in this topsy-turvy interest rate environment.

Our second member deposit opportunity is what we refer to as a Liquid Cash Share Certificate. It features a 3.00% APR, 9-month term, and only requires a $1,000 minimum deposit to establish this account. We believe the feature that sets this offer apart from the rest is that you can make additional deposits to and withdrawals from this share certificate during the term*. Once again, in this interest rate environment, it is nice to have options and we believe this deposit opportunity gives members the tools to achieve that objective.

As the saying goes, all good things come to an end, and these two Share Certificate deposit opportunities are available for a limited time only and are effective December 1, 2022, through December 31, 2022.

Apply now!

*Additional deposits in increments of $500 are allowed during the term. Up to 50% of the account balance can be withdrawn without penalty provided the account balance does not fall below the account minimum ($1,000).  Other restrictions may apply.

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The information provided by Aerospace Federal Credit Union is for informational purposes only and does not constitute personal financial, investment, or tax advice. For advice on your particular financial situation, you should consult with your personal financial, investment, and/or tax advisors. The opinions and statements of authors and commenters on this Blog are not the opinions or statements of the Credit Union or the Board of Directors, and the Credit Union takes no responsibility for their content.

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