Become a member today! Build for your future at Resource One Credit Union in Dallas Texas

ByCindy Napoles

There are many reasons to choose a federal credit union over a traditional, for-profit bank. But probably the most important reason is to build for your future, no matter how large or small your financial dreams may be. Resource One Credit Union is here to help North Texas and Houston metro area residents take steps toward those dreams!

Resource One Credit Union members can take advantage of savings account perks, certificates and IRAs, and money market accounts. What does that mean for you?

Savings Account Perks

This is probably the most popular way to save. When you get your paycheck, you may choose to withdraw some cash, deposit a portion into your checking account, and reserve another portion for savings. The basic premise is that your money will be “out of sight and out of mind” until it has built up quite a bit. And credit unions definitely help them to build up! Depending on the type of savings account you open, your savings rate could be anywhere from 0.10 percent to 0.15 percent! Remember, the more you save, the more you earn.

Certificates and IRAs

With certificate of deposit or IRA accounts, you deposit at least a set minimum amount of money and reap the rewards! The only catch is that you have to keep the money in the account for a predetermined amount of time as well. The longer your term, which can be anywhere from three months to five years, the higher your rate and APY. All certificates and IRAs are federally insured up to $250,000, so you can rest assured that your money is invested safely.

Money Market Accounts

Do you want to earn more interest on your funds but still be able to spend your dollars when you want to? No problem! Money market accounts help you earn interest daily, and you are free to deposit and withdraw as you wish. The accounts have a $2,500 minimum deposit to open, but they earn interest at rates between 0.20 percent and 0.25 percent!

What is the bottom line here? Credit unions provide you with all the tools you need to successfully save. No matter what your finances look like today, Resource One can help make your future a little brighter. Become a member today and get on the path to financial wellness.

 

Similar Posts

Time Is Money: Teaching Your Kids To Value Their Time

An alarming Glassdoor survey found that more than half of Americans don’t negotiate their salaries. That means most people will continue working for the same pay, even as their value to the workplace and their experience increases. How can you teach your kids to not be afraid of asking for a raise? Hopefully, your kids…

Going From New Homeowner To Happy Home: Tips For Recent Homebuyers

Buying your first home is a major milestone. There’s nothing quite like the giddy rush that comes from knowing you could paint a wall fluorescent pink or cover the cabinets in peanut butter and no one could legally stop you. You’ve also got a new and quite big investment you need to maintain. Weighing the…

Financial Self Defense: How to Respond to “Can You Hear Me?”

“Can you hear me now?” is the once-popular tagline of Verizon commercials, but it’s also the headline of a new scam. Scammers making robocalls will ask some innocuous question. Once the targeted person says “yes,” a recording is made of the response and it is used to sign up the target for unwanted, expensive services….

Skip-a-Payment: Free Cash Flow With A Summertime Break From Your Loan Payment

Q: Summer always puts a big strain on my budget. There are so many extra expenses! I’ve been looking for a way to get through these months without racking up a huge credit card bill, and one option I’m considering is skip-a-payment. What do I need to know about this program? A: Summertime brings loads…