11/19/2023 0 Comments Chartway livenow account![]() ![]() Rate shown with all applicable discounts and lowest term. Payment does not include applicable taxes and insurance. Auto debit discount of 0.25% APR and loan to value of less than 80% discount of 0.25% APR. Not all applicants will qualify for the lowest rate. Other rates subject to terms and are based on creditworthiness, therefore rates and terms may differ. *APR as low as = Annual Percentage Rate (APR). Consider whether the increased earnings offset locking away the money for the required time, and decide which one is right for you.įor information about our Share Certificates, contact us.Effective 08-05-2023 Recreational Vehicle Type Of the many savings products credit unions provide, share certificates offer a higher-yielding but still safe way to invest money for a set period of time. Each account is federally insured up to $250,000, so you know your funds are safe and sound. Share certificates are federally insured by the National Credit Union Administration (NCUA), a US government agency. If you are contacted unprompted, please call us at (800) 678-8765. Be aware of fraudulent text and phone scams and take extra precaution. ![]() For higher deposit amounts, jumbo accounts are available and they generally earn a higher rate. Chartway will NEVER contact you directly and ask for specific confidential information (login credentials, PIN, card number, etc.). You can open a share certificate with as little as $100, while a money market account often requires a larger deposit and doesn't earn as high a rate. Likewise, the shorter the term, the fewer dividends you earn. Keep in mind, the longer the term, the higher the rate. If you think rates will decline or remain the same, invest in a long-term share certificate. Chartway can help you discover retirement savings options that help you prepare for your retirement years. If you think rates will rise, invest in a shorter term. Personal Business Why Chartway Online Banking Login Individual Retirement Accounts (IRAs) Enjoy a Brighter Retirement Looking forward to retiring one day Maybe it's closer than you think. With terms as short as 6 months and up to 71 months, you have a wide range of investment options. As long as you don't withdraw the funds, you'll be able to calculate your dividends upon maturity at the onset of your investment. You pick the deposit amount, the term and the rate. There are no unknowns when you invest in a Share Certificate. For Chartway’s current share certificate rates, click here. Credit unions can choose to compound rates on a yearly, quarterly, monthly or even daily basis. ![]() This rate takes into account the compounding period, which is the frequency with which returns are added to the account. The dividends, or earnings, you can make on a share certificate are typically quoted in terms of the annual percentage yield, or APY. Here are a few more reasons why you may want to invest in a share certificate: Receive a total of 500 or more in qualifying direct deposits to your new checking account. Open a new Cash Back Checking account at Chartway using promo code HOLIDAY22. Chartway Federal Credit Union is offering a 200 when you open a new qualifying Savings account. While you cannot withdraw your funds during the pre-selected length of the term without penalty, you'll most likely earn a higher rate than any of the above-mentioned options. Chartway Federal Credit Union 200 Checking Bonus. Share certificates are a beneficial option to earn dividends and grow your savings. If you're fortunate enough to have some extra savings and want to earn higher dividends (a sum of money paid regularly by a company to its shareholders out of its profits) than a regular savings or money market account, you may want to consider a share certificate.Ī share certificate account is similar to a certificate of deposit (CD), but is issued by a credit union (like Chartway), rather than a bank. ![]()
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