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Introducing the Flex CD
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In today’s ever-evolving financial landscape, finding secure and rewarding ways to build wealth is essential for a stable future. Traditionally, savings accounts have been a reliable source of interest income. However, if you want more bang for your buck, Certificates of Deposit (CDs) may be a better option.
Certificates of Deposits (CDs) are time-bound deposit accounts where you agree to deposit a certain amount for a fixed period. In return, your financial institution guarantees a higher predetermined CD interest rate over that period. CDs offer higher interest rates than standard savings or money market accounts since you agree to lock up your deposit for a specific term.
LESSON CONTENTS
Introducing the Flex CD: Your path to financial flexibility
At Ent, we are thrilled to present the Flex Certificate of Deposit. It is a forward-thinking deposit account that empowers you with unparalleled flexibility, security and growth potential. Its range of deposit terms enables you to tailor your savings to align with your short-term objectives or long-term financial goals. Additionally, through dynamic interest rate options and flexible withdrawal terms, you maintain the agility to adjust as circumstances evolve.
With an impressive Annual Percentage Yield (APY) of 3.85%¹, this innovative savings option offers a competitive rate. Additionally, a Flex CD provides more control and allows you to adjust as conditions evolve. Whether you’re looking to save for significant life events, higher interest on your business savings account or nurture your wealth, it caters to your unique journey.
Characteristics of a Flex CD
Competitive APY* Range (3.85%)1: At the heart of the Flex CD lies the promise of growth. With an attractive Annual Percentage Yield (APY) of 3.85%, you can achieve impressive returns that outpace traditional credit union savings accounts. From the onset, you know how much interest you will earn if you don’t withdraw before the maturity date. 2
Accessible Minimum Deposit ($1,000): We believe that growth should be accessible to all. A Flex Certificate of Deposit welcomes you with a minimal entry requirement, allowing you to embark on your investment journey with as little as $1,000.
Customizable Terms (24 and 36 Months): Your financial goals are unique, and so should your investment strategy. Choose from two flexible terms — 24 and 36 months — to tailor your investment horizon to your aspirations.
NCUA Insured: The Flex CD is National Credit Union Administration (NCUA) insured up to the standard limit of $250,000 per depositor.
Key advantages
In addition, to the traditional benefits of a Certificate of Deposit, a Flex CD provides other advantages. These benefits include:
Bump up your rate: If rates go up, yours can too! Take advantage of a one-time rate increase. 3
Deposit more, earn more: Add to your CD with a one-time additional deposit.4
Withdraw early: Access the money you need with a one-time, penalty-free withdrawl.2
Closing thoughts
In a world where savers need flexible and adaptable solutions, a Flex Certificate of Deposit is a trailblazing solution for individuals and businesses. It bridges the gap between traditional CDs and modern financial demands with its competitive APY*, rate bump and no-withdrawal penalty features. Take the leap into a more flexible financial future with the innovative Flex CD, redefining how you save and grow your money.
*PLEASE NOTE: This article is intended to be used for informational purposes and should not be considered financial advice. Consult a financial advisor, accountant or other financial professional to learn more about what strategies are appropriate for your situation.
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