Unity One CU informs: What is CD Laddering?

shutterstock_514951309 (2)Originally posted on the CUNA Financial Resource Center.

With interest rates so low, getting the most out of your savings can be a challenge. So how do you earn money from your savings without tying it up for years? Enter the magic of CD laddering.

What’s a CD?

Certificates of deposit, also known as share certificates, are like a savings account where you can’t withdraw the money for a certain period of time. In return for keeping your money in a CD for a period of time, your financial institution pays you a higher rate of return. 

What’s a CD ladder?

CD laddering is a simple concept: Divide the amount of money you have to save into separate certificates that mature at different intervals. For instance, put $500 in a 1-year certificate, another $500 in a 2-year certificate, another $500 in a 3-year certificate, and so on. The longer the term, the higher the interest rate you'll earn on it.

As each certificate matures, you can reinvest the money in a longer maturity certificate. At a certain point, the ladder will be made up entirely of long-term, high-yielding CDs. And since you have a CD maturing regularly, you can always cash it in if you need the money.

For help starting your CD laddering, contact your credit union.

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Unity One CU informs: 18-Month CD Special

SAFE INVESTMENT. GUARANTEED RETURN.

Now is the time to make your hard earned money work for you. Move your money into a higher earning account today!

  • $500 Minimum Deposit
  • 18-Month Term
  • Limited Time Offer

18-Mo CD @ 2.70% APR*

I want to move my money!

*Limited time offer. Membership eligibility required. APY = Annual Percentage Yield. Certificate of Deposit rates are dependent on term. Minimum opening balance of $500 required for 18-month CD. CD will automatically renew at the current rate and APY available at time of maturity. Other terms and conditions may apply. Rates subject to change without notice. Visit www.unityone.org/rates for more details. **Based on nationwide 18-month CD rates featured on BankRate.com as of January 15, 2019. Federally insured by NCUA.

Unity One CU informs: Looking for an unusual 🎁 this 🎄 season?

Looking for an unusual gift for the person who has everything? Consider opening a CD account for your loved one. This is an ideal gift for children, grandchildren, students - anyone who has a financial future!

Our Savings Certificates offer secure, long-term savings at very competitive rates. With all our options, there is sure to be a certificate that meets your needs!

Santa cash stockingPlus, we offer:

  • Flexible terms*
  • Bump-up your rate option*
  • Add to your balance option*

Open a CD with as little as $500!

Rates up to 2.35% APY*

View Our Rates

*Terms and conditions may apply. Certificate of Deposit rates are dependent on term. APY = Annual Percentage Yield. Rates subject to change without notice. Visitwww.unityone.org/rates for more details.

Unity One CU informs: The Dow may have dropped, but don't drop out!

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Bill Fairley -
WWK Wealth Advisors

 This week, the Dow Jones Industrial Average dropped in a way that it never had before. Monday, the benchmark fell 1,175 points, taking the greatest tumble in its long history. At one point, it was down 1,500 points during the trading day. While Monday’s Dow loss was indeed severe, it was not as catastrophic as certain headlines trumpeted.

The index fell 4.6%, which is today’s equivalent of a 652-point dive back in October 2007 when the Dow reached its pre-recession closing peak of 14,164.43. For some recent perspective, consider that the Dow took a 610-point dive the day after the United Kingdom voted for the Brexit in 2016 – and over the following 20 months, it ascended to record heights.

The Dow actually witnessed an intraday correction Monday. At the bottom of the plunge late in the trading session, it was at 23,923.88, which was 10.1% beneath its last record close of 26,616.71 on January 26. It finished Monday’s trading day off 8.5% from that January peak.

 

The S&P 500 finished Monday at 2,648.94, about 7% below its last record close of 2,872.87.

Corrections happen. It has been so long since the last one (early 2016), many investors have forgotten the frequency with which they normally occur. Corrections can counteract irrational exuberance, and bring some rationality back into the market, which can be good for Wall Street’s collective health.

Fundamental economic data is still strong: as an example, the Institute for Supply Management’s service sector purchasing manager index just came in at 59.9 for January, a 13-year high. Just one of many recent strong indicators.

Pullbacks and corrections will always occur on Wall Street, and sometimes the bulls turn tail and run. It is part of the long-term story of the market. This Dow pullback was extraordinary in its four-digit depth, which was to be expected someday with the index above 26,000.

This is a moment in stock market history – and thankfully, not the norm in that long history, as any glance at stock market cycles will reveal. At times like these it’s a good idea to avoid making hasty decisions, keep the long term in perspective, and realize that corrections are part and parcel of stock market investing.

If you're apprehensive about getting or staying in the market, check out Unity One's 15-month CD Special going on now for a limited time! It's an easy way to increase your savings with no extra work on your part.

Invest Today!

About Unity One Credit Union

Established in 1927, Unity One Credit Union is the oldest credit union in Texas. A member-driven and not-for-profit cooperative, Unity One CU served the employees and families of the BNSF Railway for 70 years. However, after transferring its corporate headquarters to Fort Worth in 1998, the credit union expanded its field of membership to include other non-railroad companies, organizations and individuals. 

Today, anyone who lives, works, worships or attends school in Fort Worth, Blue Mound, Saginaw, Haslet, Keller, Colleyville, Bedford, North Richland Hills, Southlake, St. Paul, MN and Kansas City, KS may apply for membership. Unity One CU has nine branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™

Unity One CU informs: Hurry! This rate won't last long!

INCREASE YOUR SAVINGS. NO EXTRA WORK NECESSARY.

We've increased the savings rate on our 15-month savings certificate or certificate of deposit (CD)!

15 MOS CD Special PLASMA FINAL.jpg

Move your money into a higher-earning savings certificate today! 

  • $500 minimum investment
  • For a limited time only
  • Federally insured

Hurry, this offer won't last long.

Invest Today!

*APY=Annual Percentage Yield. Rate subject to change without notice. Visit www.unityone.org for more details.

About Unity One Credit Union

Established in 1927, Unity One Credit Union is the oldest credit union in Texas. A member-driven and not-for-profit cooperative, Unity One CU served the employees and families of the BNSF Railway for 70 years. However, after transferring its corporate headquarters to Fort Worth in 1998, the credit union expanded its field of membership to include other non-railroad companies, organizations and individuals. 

Today, anyone who lives, works, worships or attends school in Fort Worth, Blue Mound, Saginaw, Haslet, Keller, Colleyville, Bedford, North Richland Hills, Southlake, St. Paul, MN and Kansas City, KS may apply for membership. Unity One CU has nine branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™

Unity One CU informs: 18-month CD rate increase

New location, new rate for everyone!

Beginning today, Unity One has raised our 18-month CD rates to 1.27% APY* for a limited time!

  • $500 minimum investment
  • For a limited time

Inver_Grove_Heights_move_2_plus_CD_promoPLASMA.jpg

*APY = Annual Percentage Yield. Rate subject to change without notice. Visit www.unityone.org for more details. 

Unity One CU informs: Sweet new CD rates!

Blog_-_February_CD.jpgUnity One members have a lot to love this Valentine's Day. 

Join Unity One at one of our branch locations this Friday, February 12, to celebrate our higher CD rates. Each branch has a different, fun activity planned just for our members!

Celebrations include:

  • The North Tarrant branch will be spicing up people's day with "nacho" average CD rates. They will be pouring "liquid gold" from 11 a.m. until they run out of tortilla chips.
  • Surprise your valentine with a "love"ly night-in compliments of our Keller branch. Enter to win a prize package* featuring: two movie tickets to the Movie House & Eatery, two romantic movies (The Notebook and He's Just Not That Into You), two coffee mugs, a book of poetry, candy and chocolate. 
  • Plus, many other "sweetheart" treats (like candy, cupcakes and ice cream) and giveaways* (like gas gift cards) at all of our other branches!

*Prize drawings to occur on February 29, 2016. No purchase necessary to enter. 


Find a Unity One Branch

ABOUT UNITY ONE CREDIT UNION

Established in 1927, Unity One Credit Union is the oldest credit union in Texas. A member-driven and not-for-profit cooperative, Unity One CU served the employees and families of the BNSF Railway for 70 years. However, after transferring its corporate headquarters to Fort Worth in 1998, the credit union expanded its field of membership to include other non-railroad companies, organizations and individuals. 

Today, anyone who lives, works, worships or attends school in Fort Worth, Blue Mound, Saginaw, Haslet, Keller, Colleyville, Bedford, North Richland Hills, Southlake, St. Paul, MN and Kansas City, KS may apply for membership. Unity One CU has seven branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™ www.unityone.org

Unity One CU informs: 15-Month CD Special

shutterstock_120776140-cropped.jpgTake your saving to the next level!

You can invest $500 or more in a Unity One Credit Union Certificate of Deposit. In fact, for a limited time only, earn 1.10% APY* on a 15-month CD. Open a CD now. Make sure that your hard-earned money works for you, and safely stash your cash.

  • $500 minimum deposit
  • Quarterly dividend period
  • Risk-free and safe
  • Federally insured
Open a CD now!

*APY=Annual Percentage Yield. Rate subject to change without notice. Rate quoted above is effective January 22, 2016.

Credit union informs: Higher rates!

CD HYSA rate increasesWe've increased the deposit rates on two popular savings options - Certificates of Deposits and High Yield Savings accounts! 

  • 1.25% APY* on a 3 year Certificate of Deposit
  • 0.40% APY* on a High Yield Savings Account

Choosing the right type of account for saving is just as important as saving money. With many variations, how do you know which type of account is right for you?

Certificate of Deposit (CDs):
When you save with a CD, you'll put a certain amount of money into an account for a fixed amount of time. When your CD matures, you'll receive your initial deposit as well as the earned interest, assuming you haven't made an early withdrawal (which can come with an early penalty.) CDs can be opened with as little as a $500 deposit. 

High Yield Savings Account:
A high yield savings account allows you to earn interest on the money deposited into the account. Unlike a CD, these funds remain liquid allowing you to make a withdrawal if needed. A high yield savings account can be opened with a $10,000 minimum deposit.  

Find a Unity One Branch 

*APY = Annual Percentage Yield. Rate subject to change without notice. Federally insured by the NCUA.

ABOUT UNITY ONE CREDIT UNION

Established in 1927, Unity One Credit Union is the oldest credit union in Texas. A member-driven and not-for-profit cooperative, Unity One CU served the employees and families of the BNSF Railway for 70 years. However, after transferring its corporate headquarters to Fort Worth in 1998, the credit union expanded its field of membership to include other non-railroad companies, organizations and individuals.

Today, anyone who lives, works, worships or attends school in Fort Worth, Blue Mound, Saginaw, Haslet, Keller, Colleyville, Bedford, North Richland Hills, Southlake, St. Paul, MN and Kansas City, KS may apply for membership. Unity One CU has seven branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™ www.unityone.org

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