Shopping around for the best savings account can make a significant impact on your financial well-being. With inflation nibbling at our budgets, finding an account that offers decent returns has become more crucial than ever. Certificates of Deposit (CDs) and money market accounts are two alternatives to traditional savings accounts that offer higher interest rates with minimal risk. But how do you choose between them? Let’s explore the factors to consider and help you decide which option best suits your needs.
Maximizing Your Savings: The Premier Money Market Account
In the world of personal finance, there’s a wide array of options to grow and safeguard your hard-earned money.
Competitive Rates
Our Premier Money Market Account takes this concept to the next level with a tiered system designed to reward your commitment to saving. Here’s a breakdown of the tiers:
Minimum
Balance
$50,000-$74,999
$75,000-$99,999
$100,000 +
Rate
3.50%
3.75%
4.00%
APY*
3.56%
3.82%
4.07%
**Compounded monthly. Rates accurate as of 01/17/2024. APY = Annual Percentage Yield - Rates subject to change
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Term
7
APR*
4.64%
APY*
4.75%
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APY=Annual Percentage Yield. If automatic renewal is selected, 7-month certificate of deposit will renew at a 6-month term and interest rate in effect at that time. Minimum Deposit $1,000. Certificate dividends are paid monthly. Rates are accurate as of 10/01/2024 Limited-time rate. AGCU reserves the right to change rates at any time. For additional terms of agreement, refer to AGCU Credit Union Membership Agreement and Truth in Savings Disclosure or call 866-508-AGCU (2428).
Term
13 month
APR*
4.45%
APY*
4.55%
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Give it a try today! Video Banking Hours (CST): Mon – Fri: 9:00 a.m.- 5:00 p.m.
APY=Annual Percentage Yield. Annual Percentage Rate 4.79%. If automatic renewal is selected, 13-month certificate of deposit will renew at a 12-month term and interest rate in effect at that time. Rates accurate as of 10/1/2024 and are subject to change without notice. Penalty may apply for early withdrawal. $1,000.00 Minimum deposit.
AGCU reserves the right to change rates at any time. For additional terms of agreement, refer to AGCU Credit Union Membership Agreement and Truth in Savings Disclosure or call 866-508-AGCU (2428). Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
Term
18 month
APR*
4.16%
APY*
4.25%
Speak face-to-face with an AGCU Video Banking Representative from anywhere.
Give it a try today! Video Banking Hours (CST): Mon – Fri: 9:00 a.m.- 5:00 p.m.
CD *Minimum Deposit $1,000. Certificate dividends paid monthly. Rates accurate as of 10/01/2024.
APR = Annual Percentage Rate
APY = Annual Percentage Yield
Penalty may apply for early withdrawal. Rates subject to change.
Your Deposits Are Federally Insured
Federally insured credit unions offer a safe place for you to save your money, with deposits insured up to at least $250,000 per individual depositor, and not one penny of insured savings has ever been lost by a member of a federally insured credit union.
