These days many financially conscious people are looking for the best ways to save money and earn some passive income with it. And while you may find financial institutions that are offering increased Certificate of Deposit Rates, they often come with fine print and yellow tape preventing many from getting that attractive advertised rate.
That’s why AFCU is introducing a new Term Share Certificate promotion we like to call “Transparent Savings.” Valid through March 31, 2023, new and existing members can open new Certificates for amounts between $1,000-$5,000 at a fixed rate of 0.50%APY and a term of 18 months. The only stipulation; it must be “new money,” meaning funds not currently in an account at Amherst Federal Credit Union.
That’s it. No fine print. No hidden terms. No special qualifications. One size fits all.
Once the 18 month term is up, members may decide whether they’d like to renew the Certificate with our standard 12 month rate or if they’d like to cash out. Contact the credit union for more information or if you’d like to get started.
Term share certificates are similar to certificates of deposit offered by other financial institutions. The interest rate is guaranteed for the term of the deposit. Like all Credit Union deposits, our Certificates are insured by NCUA through the NCUSIF, an agency of the federal government. There is a penalty for early withdrawals.
Become a member (and owner) by completing a brief membership form at the Amherst FCU office, 6470 Main Street, Suite 5, Amherst NY 14221. All you need is your photo ID & $6.00! Be sure to bring your most recent pay stubs to accompany your loan application.
*APR represents Annual Percentage Rate. Amherst FCU membership required to process application. All applications are subject to approval. Interest rates are based on loan term and credit qualifications. Promotion valid through March 31, 2023. Please call AFCU at 634-3881 for details.