2023年11月14日 • 3分钟
As you research different ways to grow your savings, you may have noticed that Patelco and other credit unions offer 股票. A 股票 lets you earn a higher interest rate with a guaranteed return for a set term (such as 11 months). Here’s how 股票证书工作 and why they might be a good investment strategy for you.
A 股票 is a type of savings account. When you have a 股票, it means that a credit union agrees to pay a fixed interest rate on your initial deposit, which is held for a set period of time (or term). At Patelco, terms range from three to 60 months. The deposit amount determines the fixed dividend rate and annual percentage yield (APY).
利息, 或者固定股息率, is used to calculate how much interest the 股票 earns each month. The APY is the effective annual rate of return based upon the interest rate and includes the effect of compounding interest.
And if you take money out before the end of the specified term, you’ll likely have to pay an early withdrawal penalty.
The key difference between 股票 and certificates of deposit (cd) is that 股票 are only issued by credit unions and cd are only issued by banks. Both accounts have fixed interest rates for set term lengths, and both have a potential early withdrawal penalty.
股票 and cd are both insured for up to $250,000 (up to $500,000 for joint accounts).
When a credit union member deposits a certain amount of money into a 股票 account, the account earns interest according to the terms of the agreement or contract. Dividends are compounded monthly and credited 到期 when the term is less than a year, or monthly when the term is one year or more.
For example, a hypothetical 股票 has a term of 3 months with 1.百分之百的利息(和1.年00%). If you opened the 股票 with $250, 到期, the account’s ending balance would be $250.63.
If there were a hypothetical 股票 with a 60-month term and a 2.96 percent interest rate (and 3.年00%), and you deposited $1,000 for that 股票, the account would earn $159.40 over its lifetime – for an ending balance of $1,159.40.
(我们的 利率页面 lists both the percentage rate and APY for our certificates.)
An 爱尔兰共和军股票证书 lets you invest a fixed amount for a fixed time period and earn a fixed rate of return, with all the tax benefits of a typical 爱尔兰共和军.”
An 爱尔兰共和军股票证书 combines an individual retirement account (爱尔兰共和军) 持有股票. It’s a tool to save for retirement when market volatility may be a concern, perhaps during uncertain economic times.
简单地说, an 爱尔兰共和军股票证书 lets you invest a fixed amount for a fixed time period and earn a fixed rate of return, with all the tax benefits of a typical 爱尔兰共和军.1
A 股票 offers a higher fixed interest rate than regular savings accounts, so it can be a good investment strategy if you have extra money for investing and don’t need to keep your money liquid.
A 股票 is considered a safe investment because it is 由NCUA投保, so there’s no risk of losing money unless you withdraw early.
If you’re wondering if a 股票 from Patelco is a good choice for you, get personalized financial advice or open a 股票 account 今天.
Considering opening a savings account? Get answers to what is a savings account and the different types you have to choose from.
如何 I decide whether to prioritize saving or paying off debt? The good news is that you can make progress in both areas of your financial health by making a financial plan that accounts for your goals.
退休计划? Patelco’s guide will help you calculate your retirement income, 费用, and understand the types of plans and savings tools.
1 Patelco does not provide tax advice. Please consult a tax advisor for tax advice.
