Choosing the right product for your investment dollars is a very important decision. How do you know what’s right for you? Well, first you have to know your needs.
Do you have at least $1,000 to invest? If so, you are eligible to open a MoneyFund account. If not, you should consider a Share Certificate - you can open one with as little as $250.
Is the money you’re looking to invest something you can live without for a few months, a year, even a couple of years? If you have funds that you probably won’t need to touch for a while, an SSFCU Share Certificate will help you make the most of your money.
If you are saving a large amount but might need it on short notice, a MoneyFund is right for you. Unlike Share Certificates, there are no penalties for withdrawing your funds exactly when you need them! With a MoneyFund Account, you can write up to three checks and make up to three transfers/withdrawals per month at no charge.
Choose the account that suits your needs. If you have any questions about which accounts are best for you, just visit a member service representative or call our Member Contact Center.
Better rates than checking, more flexible than a CD.
The rate you earn goes up as your balance increases.
Like to stay close to your cash? You can write up to three checks a month and make up to three other withdrawals a month on this account, making it more flexible than a CD.
This is a great account to have if you're shopping for a home and don't want to commit your down payment to a CD, but you still want high rates on your savings.
Read these helpful tips on how to choose between a Money Market account and a CD.
