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You Can Build Your Nest Egg The Way That Works For You With CD Rates Minot ND

CDs are unique savings tools that yield higher returns in exchange for a commitment to leave your money on deposit for a specified period of time. Certificates of deposit should be part of any diversified savings strategy. The professionals at Aspire can explain the various CD options available and assist you in finding the best CD rates Minot ND to help meet your savings goals. Contact us for more queries: https://aspire.creditunion/share-certificate/<br>

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You Can Build Your Nest Egg The Way That Works For You With CD Rates Minot ND

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  1. You Can Build Your Nest Egg The Way That Works For You With CD Rates Minot ND

  2. It’s one thing to save for a car, or a down payment on your home, but saving for retirement, or your child’s college costs, is a much longer commitment. It takes a slow and steady approach, and we have plans to help you sock money away for those long-term goals that won’t stress you out along the way. Veteran savers know that time makes a difference; we offer investment plans that put time on your side. • Do you know that putting your money in a certificate of deposit (CD) gives a higher return in exchange for locking the money away? Savers want a financial strategy that yields maximum return with minimum risk. That’s why more savers are purchasing CDs (also called “share certificates” at credit unions). Ask us for CD rates Minot ND and be surprised.

  3. What are certificates of deposit? CDs are unique savings tools that yield higher returns in exchange for a commitment to leave your money on deposit for a specified period of time. If you are willing to put your money away, you can get 10 to 20 times the interest rate of the average savings account.

  4. How do certificates of deposit work? Typically, the interest rate paid for CDs is locked, so CD rates Minot ND can’t change and you have a guaranteed rate of return. The terms for CDs vary from three months up to five years. On the maturity date of the CD, you get your original deposit back, plus the interest accrued. There are also penalties for early withdrawal.

  5. What are some considerations you need to make about CDs? When considering whether a CD is suitable for your investment strategy, you need to consider the following: • Will you need to access the money before the CD matures? • What is your appetite for investment risk? Does CD differ from savings account? CDs differ from savings accounts in several ways: • The money isn’t liquid, so you need to leave it on deposit for the life of the CD. • Typically, the longer you keep the money on deposit, the higher the interest rate. • CDs are secure and federally insured up to $250,000. • CDs can be a hedge against inflation since they have fixed interest rates.

  6. Certificates of deposit should be part of any diversified savings strategy. The professionals at Aspire can explain the various CD options available and assist you in finding the best CD rates Minot ND to help meet your savings goals.

  7. 701-837-5353 https://www.facebook.com/aspirecu Address Website Contact Details 1430 South Broadway, Minot, ND 58702 Contact Details Support@aspire.creditunion Facebook https://aspire.creditunion/ Email https://www.linkedin.com/company/aspirecu/ LinkedIn

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